Memorial Park median real estate price is $689,417, which is more expensive than 58.4% of the neighborhoods in New Jersey and 76.9% of the neighborhoods in the U.S.
The average rental price in Memorial Park is currently $3,105, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 49.9% of New Jersey neighborhoods.
Memorial Park is a densely urban neighborhood (based on population density) located in West New York, New Jersey.
Memorial Park real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Memorial Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Real estate vacancies in Memorial Park are 5.4%, which is lower than one will find in 62.3% of American neighborhoods. Demand for real estate in Memorial Park 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.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
Our research revealed that more commuters here take the bus to work (36.1% ride the bus) than 99.9% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.
Also, in the Memorial Park neighborhood, 9.3% 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 95.2% of the neighborhoods in America.
What you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 78,217 people per square mile, it is more densely populated than 99.3% of America'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 Memorial Park neighborhood is one of the most walkable neighborhoods in America.
In addition, renter-occupied real estate is dominant in the Memorial Park neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 88.8%, which is higher than 96.5% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Furthermore, the real estate in the Memorial Park neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 73.2% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 95.6% of American neighborhoods.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Memorial Park neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 12.8% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 97.8% of all neighborhoods in America.
American households most often have a car, and regularly they have two or three. But households in the Memorial Park neighborhood buck this trend. 34.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.6% of U.S. neighborhoods.
More people work in manufacturing and as laborers here in the Memorial Park neighborhood than in 97.2% 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.
Did you know that the Memorial Park neighborhood has more Dominican and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 31.9% of this neighborhood's residents have Dominican ancestry and 14.9% have South American ancestry.
Memorial Park is also pretty special linguistically. Significantly, 80.2% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.7% of all U.S. neighborhoods.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the Memorial Park neighborhood has a greater percentage of residents born in another country (59.7%) than are found in 99.1% of all U.S. neighborhoods.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Memorial Park neighborhood in West New York are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 60.8% of U.S. neighborhoods. With 26.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 78.0% 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 Memorial Park neighborhood, 44.8% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 23.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (22.2%), and 9.1% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the Memorial Park neighborhood is Spanish, spoken by 80.2% of households. Some people also speak English (15.6%).
Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Memorial Park neighborhood in West New York, NJ, residents most commonly identify their ethnicity or ancestry as Dominican (31.9%). There are also a number of people of South American ancestry (14.9%), and residents who report Mexican roots (8.5%), and some of the residents are also of Cuban ancestry (7.0%), along with some Italian ancestry residents (5.5%), among others. In addition, 59.7% 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 Memorial Park neighborhood spend between 30 and 45 minutes commuting one-way to work (34.0% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods. However, there is also a significant group of residents (12.8%) who commute over an hour in each direction.
Here most residents (36.1%) ride the bus to get to work. In addition, quite a number also drive alone in a private automobile to get to work (27.5%) and 11.7% of residents also carpool with coworkers, friends, or neighbors for their daily commute. The bus provides a valuable service in the Memorial Park neighborhood of West New York by getting a lot of residents to and from work daily, reducing the costs of commuting and reducing some congestion on the roads as well.
