Journal Square South median real estate price is $589,554, which is more expensive than 53.6% of the neighborhoods in New Jersey and 73.8% of the neighborhoods in the U.S.
The average rental price in Journal Square South is currently $2,461, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 83.2% of New Jersey neighborhoods.
Journal Square South is a densely urban neighborhood (based on population density) located in Jersey City, New Jersey.
Journal Square South real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Journal Square South neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Real estate vacancies in Journal Square South are 3.6%, which is lower than one will find in 76.3% of American neighborhoods. Demand for real estate in Journal Square South is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Jersey City, the Journal Square South neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Modes of Transportation
If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 6.2% of residents in the Journal Square South neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 98.8% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Also, in the Journal Square South neighborhood, 37.6% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 98.6% of the neighborhoods in America.
Finally, more people in Journal Square South choose to walk to work each day (21.0%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Real Estate
The Journal Square South neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 45,606 persons per square mile in the neighborhood, it is more packed with people than 98.2% of the nation's neighborhoods. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Journal Square South neighborhood is one of the most walkable neighborhoods in America.
In addition, three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Journal Square South neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 50.8% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 98.5% of America's neighborhoods.
Furthermore, 90.0% of the real estate in the Journal Square South neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Car Ownership
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Journal Square South neighborhood has a highly unusual pattern of car ownership. 46.5% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.5% of U.S. neighborhoods.
Diversity
Did you know that the Journal Square South neighborhood has more Arab and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 18.0% of this neighborhood's residents have Arab ancestry and 14.9% have Dominican ancestry.
Journal Square South is also pretty special linguistically. Significantly, 25.2% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 100.0% of the neighborhoods in America.
Migration / Stability
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. What is interesting to note, is that the Journal Square South neighborhood has a greater percentage of residents born in another country (55.5%) than are found in 98.7% of all U.S. neighborhoods.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Journal Square South neighborhood in Jersey City are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 80.2% of U.S. neighborhoods. With 11.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 52.8% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Journal Square South neighborhood, 35.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 26.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (24.8%), and 13.5% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
Languages
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Journal Square South neighborhood is English, spoken by 30.5% of households. Other important languages spoken here include Spanish, Arabic, Langs. of India and Urdu (the national language of Pakistan).
Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Journal Square South neighborhood in Jersey City, NJ, residents most commonly identify their ethnicity or ancestry as Asian (19.1%). There are also a number of people of Arab ancestry (18.0%), and residents who report Dominican roots (14.9%), and some of the residents are also of South American ancestry (8.8%), along with some German ancestry residents (7.8%), among others. In addition, 55.5% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Journal Square South neighborhood spend between 45 minutes and one hour commuting one-way to work (36.4% of working residents), longer and tougher than most commutes in America.
Here most residents (37.6%) take the train to get to work. In addition, quite a number also hop out the door and walk to work to get to work (21.0%) and 13.3% of residents also drive alone in a private automobile for their daily commute. This neighborhood is distinguished by the high number of residents who take the train to work each day, which can be a very good way to get to work at a lower cost and with less pollution.
