About Newark, NJ (Fairmount East) Real Estate Prices and Overview Fairmount East median real estate price is $505,539, which is more expensive than 36.2% of the neighborhoods in New Jersey and 66.0% of the neighborhoods in the U.S. The average rental price in Fairmount East is currently $981, based on 蘑菇视频's exclusive analysis. Rents here are currently lower in price than 99.5% of New Jersey neighborhoods. Fairmount East is a densely urban neighborhood (based on population density) located in Newark, New Jersey. Fairmount East real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Fairmount East neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999. In Fairmount East, the current vacancy rate is 2.6%, which is a lower rate of vacancies than 81.5% of all neighborhoods in the U.S. This means that the housing supply in Fairmount East is very tight compared to the demand for property here. Notable & Unique Neighborhood Characteristics Notable & Unique: People Single parenting is hard. But you don't have to tell the Fairmount East neighborhood about it; they already know. 44.5% of this neighborhood's households are run by single mothers, which is a higher concentration than 蘑菇视频 found in 99.9% of American neighborhoods. Further 蘑菇视频 research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality. In addition, the Fairmount East neighborhood has a greater percentage of children living in poverty (54.2%) than found in 95.6% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute. Notable & Unique: Modes of Transportation Our research revealed that more commuters here take the bus to work (37.5% 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. Notable & Unique: Car Ownership American households most often have a car, and regularly they have two or three. But households in the Fairmount East neighborhood buck this trend. 43.1% of the households in this neighborhood don't own a car at all. This is more carless households than 蘑菇视频 found in 98.3% of U.S. neighborhoods. Notable & Unique: Real Estate Renter-occupied real estate is dominant in the Fairmount East neighborhood. The percentage of rental real estate here, according to exclusive 蘑菇视频 analysis, is 88.7%, which is higher than 96.4% 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. In addition, if you like crowded places, then you will probably enjoy the the Fairmount East neighborhood. According to 蘑菇视频's exclusive data analysis, this neighborhood is more densely populated than 95.6% of neighborhoods in the U.S., with 22,712 people per square mile living here. Notable & Unique: Diversity Did you know that the Fairmount East neighborhood has more African and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 20.7% of this neighborhood's residents have African ancestry and 27.1% have Sub-Saharan African ancestry. Fairmount East is also pretty special linguistically. Significantly, 5.2% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 98.7% of the neighborhoods in America. The Neighbors: Income 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 Fairmount East neighborhood in Newark are low income, making it among the lowest income neighborhoods in America. 蘑菇视频's research shows that this neighborhood has an income lower than 94.1% of U.S. neighborhoods. With 54.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 95.6% of U.S. neighborhoods. The Neighbors: Occupations A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations. In the Fairmount East neighborhood, 37.1% 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 31.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (27.1%), and 4.6% in clerical, assistant, and tech support occupations. The Neighbors: 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 Fairmount East neighborhood is English, spoken by 85.8% of households. Other important languages spoken here include African languages and French. The Neighbors: 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 鈥� some more unique than others 鈥� based on lifestyle, occupations, the types of households 鈥� and importantly 鈥� 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 Fairmount East neighborhood in Newark, NJ, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (27.1%). There are also a number of people of African ancestry (20.7%). Getting to Work How you get to work 鈥� car, bus, train or other means 鈥� 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 Fairmount East neighborhood spend between 30 and 45 minutes commuting one-way to work (42.4% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods. Here most residents (46.7%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (37.5%) and 13.2% of residents also carpool with coworkers, friends, or neighbors 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.