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Real Estate Prices & Overview

Downtown New Brunswick median real estate price is $377,614, which is less expensive than 81.2% of New Jersey neighborhoods and 47.7% of all U.S. neighborhoods.

The average rental price in Downtown New Brunswick is currently $4,191, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 82.6% of the neighborhoods in New Jersey.

Downtown New Brunswick is a densely urban neighborhood (based on population density) located in New Brunswick, New Jersey.

Downtown New Brunswick 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 Downtown New Brunswick neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Real estate vacancies in Downtown New Brunswick are 5.3%, which is lower than one will find in 64.8% of American neighborhoods. Demand for real estate in Downtown New Brunswick 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.

Notable & Unique Neighborhood Characteristics

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.

Real Estate

The Downtown New Brunswick neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 96.3% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

In addition, 94.2% of the real estate in the Downtown New Brunswick neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Furthermore, one of the really unique and interesting things about the look and setting of the Downtown New Brunswick neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 81.1% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 96.9% of all neighborhoods in America.

Occupations

The Downtown New Brunswick neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 96.4% of the neighborhoods in America. In fact, 71.8% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.

People

NeighborhoodScout's analysis shows that the Downtown New Brunswick neighborhood has a greater concentration of residents currently enrolled in college than 96.2% of the neighborhoods in the U.S. With 12.6% of the population here attending college, this is very much a college-focused neighborhood.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 10.9% of the Downtown New Brunswick neighborhood's commuters ride the train to and from work each day, which is more than we found in 95.4% of America's neighborhoods.

Diversity

Did you know that the Downtown New Brunswick neighborhood has more Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 17.2% of this neighborhood's residents have Dominican ancestry.

Downtown New Brunswick is also pretty special linguistically. Significantly, 12.7% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 98.4% of the neighborhoods in America.

The Neighbors

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 Downtown New Brunswick neighborhood in New Brunswick are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 68.2% of U.S. neighborhoods. With 44.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 91.6% 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 Downtown New Brunswick neighborhood, 71.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 16.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (6.7%), and 5.4% in clerical, assistant, and tech support occupations.

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 Downtown New Brunswick neighborhood is English, spoken by 58.1% of households. Other important languages spoken here include Spanish, Chinese and Langs. of India.

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 Downtown New Brunswick neighborhood in New Brunswick, NJ, residents most commonly identify their ethnicity or ancestry as Asian (20.9%). There are also a number of people of Dominican ancestry (17.2%), and residents who report Italian roots (6.9%), and some of the residents are also of Puerto Rican ancestry (5.2%), along with some South American ancestry residents (3.6%), among others. In addition, 36.2% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Downtown New Brunswick neighborhood spend between 15 and 30 minutes commuting one-way to work (31.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (49.9%) 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 (16.2%) and 10.9% of residents also take the train for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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