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Real Estate Prices & Overview

Chestnut Park median real estate price is $263,394, which is less expensive than 93.5% of New Jersey neighborhoods and 66.7% of all U.S. neighborhoods.

The average rental price in Chestnut Park is currently $2,729, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 73.5% 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.

Notable & Unique Neighborhood Characteristics

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.

Modes of Transportation

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.

Real Estate

If you love row houses and attached homes, you will probably really like the Chestnut Park neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 62.9% of the residential real estate here is classified as row houses and attached homes.

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. 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 Chestnut Park neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Chestnut Park neighborhood buck this trend. 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.

Occupations

NeighborhoodScout's exclusive research identifies the Chestnut Park 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 42.4% of its working residents employed in such fields, which is a higher proportion than 95.6% of American neighborhoods.

Furthermore, there are more people living in the Chestnut Park neighborhood employed as sales and service workers (61.5%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Diversity

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.

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 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.

Languages

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%).

Ethnicity / Ancestry

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.

Getting to Work

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.


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