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Real Estate Prices & Overview

Elm St / Lang St median real estate price is $890,021, which is more expensive than 83.4% of the neighborhoods in New Jersey and 87.8% of the neighborhoods in the U.S.

The average rental price in Elm St / Lang St is currently $3,100, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 55.2% of New Jersey neighborhoods.

Elm St / Lang St is a densely urban neighborhood (based on population density) located in Newark, New Jersey.

Elm St / Lang St 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 Elm St / Lang St neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Elm St / Lang St are 5.8%, which is lower than one will find in 60.9% of American neighborhoods. Demand for real estate in Elm St / Lang St 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

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 Newark, the Elm St / Lang St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the Elm St / Lang St neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 87.1% of the real estate here is made up of such dwellings, which is higher than 100.0% of all U.S. neighborhoods.

In addition, the Elm St / Lang St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 50,947 persons per square mile in the neighborhood, it is more packed with people than 98.5% of the nation's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Elm St / Lang St neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Modes of Transportation

Our research shows that more people carpool to work here in the Elm St / Lang St (39.4%) than in 99.8% of the neighborhoods in America.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Elm St / Lang St neighborhood have a highly unusual car ownership. 46.7% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.6% of U.S. neighborhoods.

Occupations

NeighborhoodScout's exclusive research identifies the Elm St / Lang St neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 44.6% of its working residents employed in such fields, which is a higher proportion than 97.0% of American neighborhoods.

People

With a nice mix of college students, safety from crime, and decent walkability, the Elm St / Lang St neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 89.9% of the neighborhoods in NJ. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Diversity

Did you know that the Elm St / Lang St neighborhood has more South American and Brazilian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 44.0% of this neighborhood's residents have South American ancestry and 11.0% have Brazilian ancestry.

Elm St / Lang St is also pretty special linguistically. Significantly, 32.9% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 100.0% of the neighborhoods in America.

Migration / Stability

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 Elm St / Lang St neighborhood has a greater percentage of residents born in another country (68.4%) than are found in 99.7% of all U.S. neighborhoods.

The Neighbors

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 Elm St / Lang St neighborhood in Newark are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 67.7% of U.S. neighborhoods. In addition, 4.5% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 66.1% of America'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 Elm St / Lang St neighborhood, 44.6% 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 21.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.3%), and 13.4% 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 Elm St / Lang St neighborhood is Spanish, spoken by 54.8% of households. Other important languages spoken here include Portuguese and English.

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 Elm St / Lang St neighborhood in Newark, NJ, residents most commonly identify their ethnicity or ancestry as South American (44.0%). There are also a number of people of Portuguese ancestry (18.2%), and residents who report Brazilian roots (11.0%), and some of the residents are also of Puerto Rican ancestry (6.7%), along with some Italian ancestry residents (3.8%), among others. In addition, 68.4% 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 Elm St / Lang St neighborhood spend between 45 minutes and one hour commuting one-way to work (37.1% of working residents), longer and tougher than most commutes in America.

Here most residents (39.4%) carpool with coworkers, friends, or neighbors to get to work. In addition, quite a number also drive alone in a private automobile to get to work (30.6%) and 9.1% of residents also ride the bus for their daily commute. Despite relying on the automobile to get to work, residents of this neighborhood share the ride more than most neighborhoods, reducing traffic, pollution, and saving money.


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Schools include:
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