Chestnut Park median real estate price is $271,061, which is less expensive than 93.5% of New Jersey neighborhoods and 66.5% of all U.S. neighborhoods.
The average rental price in Chestnut Park is currently $2,817, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 71.9% of New Jersey neighborhoods.
Chestnut Park is a densely urban neighborhood (based on population density) located in Trenton, New Jersey.
Chestnut Park real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) townhomes and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Chestnut Park 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.
Chestnut Park has a 12.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 70.1% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Our research shows that more people carpool to work here in the Chestnut Park (40.4%) than in 99.8% of the neighborhoods in America.
Many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Chestnut Park neighborhood could be your paradise. With 62.9% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 0.6% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
In addition, if you like crowded places, then you will probably enjoy the the Chestnut Park neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.5% of neighborhoods in the U.S., with 22,517 people per square mile living here. 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 Chestnut Park neighborhood is one of the most walkable neighborhoods in America.
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 Chestnut Park neighborhood has a highly unusual pattern of car ownership. 21.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.7% of U.S. neighborhoods.
More people work in manufacturing and as laborers here in the Chestnut Park neighborhood than in 95.6% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.
Furthermore, from major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Chestnut Park neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 95.5% of all American neighborhoods.
Did you know that the Chestnut Park neighborhood has more Dominican and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.4% of this neighborhood's residents have Dominican ancestry and 2.8% have Hungarian ancestry.
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 Chestnut Park neighborhood in Trenton are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 50.3% of the neighborhoods in America. With 16.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 62.6% of U.S. neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Chestnut Park neighborhood, 42.4% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 38.5% of the residents employed. Other residents here are employed in executive, management, and professional occupations (9.6%), and 6.7% in clerical, assistant, and tech support occupations.
The most common language spoken in the Chestnut Park neighborhood is English, spoken by 53.5% of households. Some people also speak Spanish (46.2%).
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Chestnut Park neighborhood in Trenton, NJ, residents most commonly identify their ethnicity or ancestry as Puerto Rican (11.5%). There are also a number of people of Dominican ancestry (11.4%), and residents who report Polish roots (8.0%), and some of the residents are also of German ancestry (4.7%), along with some Italian ancestry residents (3.5%), among others. In addition, 25.8% 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 Chestnut Park neighborhood spend between 15 and 30 minutes commuting one-way to work (62.6% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (44.5%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (40.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.