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Real Estate Prices & Overview

Mount Pleasant median real estate price is $1,224,676, which is more expensive than 91.9% of the neighborhoods in New Jersey and 93.0% of the neighborhoods in the U.S.

The average rental price in Mount Pleasant is currently $2,811, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 70.1% of New Jersey neighborhoods.

Mount Pleasant is a densely urban neighborhood (based on population density) located in Jersey City, New Jersey.

Mount Pleasant 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 Mount Pleasant 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.

Real estate vacancies in Mount Pleasant are 6.0%, which is lower than one will find in 60.0% of American neighborhoods. Demand for real estate in Mount Pleasant 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 Jersey City, the Mount Pleasant neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of note is NeighborhoodScout's research finding that the Mount Pleasant neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Mount Pleasant community truly stands out from the rest in this regard.

Real Estate

Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Mount Pleasant neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 48.9% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 98.3% of America's neighborhoods.

In addition, the Mount Pleasant neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 33,317 persons per square mile in the neighborhood, it is more packed with people than 97.3% 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 Mount Pleasant neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (16.2% ride the bus) than 97.7% 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, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 17.9% of the Mount Pleasant neighborhood's commuters ride the train to and from work each day, which is more than we found in 96.9% of America's neighborhoods.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Mount Pleasant neighborhood buck this trend. 24.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.3% of U.S. neighborhoods.

Diversity

Did you know that the Mount Pleasant neighborhood has more West Indian and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.2% of this neighborhood's residents have West Indian ancestry and 9.6% have South American ancestry.

Mount Pleasant is also pretty special linguistically. Significantly, 2.0% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 98.8% of the neighborhoods in America.

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 Mount Pleasant neighborhood in Jersey City are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 56.4% of the neighborhoods in America. In addition, 0.0% 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 100.0% 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 Mount Pleasant neighborhood, 53.7% 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 23.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (14.7%), and 8.4% 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 Mount Pleasant neighborhood is English, spoken by 53.1% of households. Other important languages spoken here include Spanish, Langs. of India, Chinese and Arabic.

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 Mount Pleasant neighborhood in Jersey City, NJ, residents most commonly identify their ethnicity or ancestry as Asian (16.1%). There are also a number of people of Irish ancestry (12.9%), and residents who report South American roots (9.6%), and some of the residents are also of German ancestry (8.1%), along with some Italian ancestry residents (7.1%), among others. In addition, 38.1% 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 Mount Pleasant neighborhood spend between 45 minutes and one hour commuting one-way to work (31.9% of working residents), longer and tougher than most commutes in America.

Here most residents (28.6%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (17.9%) and 16.2% of residents also ride the bus 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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