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Is Now a Great Time to Buy a House in Newark, NJ?
Newark is the most populated city in the state of New Jersey, and is well known for its excellent transport links for air, shipping and rail. While often overlooked as a place to live, Newark has plenty of charming residential and historical areas in the north of the city. The city’s downtown is quite dynamic with a diverse range of restaurants and entertainment venues. Due to its diverse appeal, Newark is a great place to consider if you are looking to buy a home in New Jersey.
History
History
New Jersey was one of the earliest settlement areas in the United States, dating far back to the late 1600s when Puritans migrating from Connecticut looked for a place to set up a church-led government. The land was purchased from the Delaware Indians, was granted a royal charter in 1713, and became incorporated in 1798. In the early 1800s, Newark saw a massive industrial boom and quickly became known for its leather factories and breweries. The construction of the Morris Canal and railroads turned Newark into a bustling port city. The insurance industry took off in the mid-1800s, and today, the city remains the second leading seller of insurance in the country. During the early 20th century, Newark saw massive population growth, particularly due to mmigration, but saw a decline in the second half of the century. Since the 1990s, the city has experienced significant revitalization.
Things to do in Newark
Things to do in Newark
After you buy your house in Newark, you’ll want to discover some of the exciting things to see in your new neighborhood.
Branch Brook Park has over 5,200 trees making it the largest and most varied collection of flowering cherry blossoms in a US park. Peak viewing time is usually the first two or three weeks of April.
The Portraits mural is the longest continuous mural on the East Coast. The massive multi-artist painting is the length of 25 football fields, and the second longest mural in the country. The mural starts in the south Ironbound district and stretches northwards 1.39 miles along the century-old stone walls supporting the northeast Corridor and PATH tracks facing the McCarter Highway.
Washington Park, the northernmost of the three original colonial-era commons in the city, is the site of an equestrian statue of George Washington, dedicated in 1912.
Riverfront Park, which stretches along the Passaic River, includes the Orange Boardwalk and beautiful views over the water.
Jesse Allen Park is located near several schools and youth facilities, including a popular Boys and Girls Club facility. Amenities at Jesse Allen Park include sports fields, skateboarding, basketball, exercise stations, a water play area and gardens.
If you are looking for the largest lake in New Jersey County, then Weequahic Park has it. The area is also home to the city’s one golf course, a running track, athletic fields and trails.
Urban farmers will enjoy the gardening displays at the Judith L. Shipley Urban Environmental Center and Prudential Outdoor Learning Center where gardening instruction is given.
Newark is well known for its proximity to Lower Manhattan in New York City, at just 13 miles away. The city itself is surrounded by residential suburbs to the west, Newark bay and the Passaic River to the east, dense urban areas to the south and southwest, and middle-class residential suburbs and industrial areas in the north. Newark Neighborhoods Newark is divided into five political wards, however, the majority of industry, the airport and the seaport are all concentrated in the east and south. Residential neighborhoods tend to dominate the north, central and west wards, and residents tend to identify by their unique neighborhoods, ranging from bustling urban districts to quieter suburban enclaves. North Ward This ward is ethnically diverse and surrounded by plenty of cherry blossom trees at Branch Brook Park. The neighborhoods include Broadway, Mount Pleasant, Upper Roseville and Forest Hill, the latter which contains many older mansions and colonial homes. Little Italy remains, although recent demographics have shown more Latino residents in the area. East Ward The East Ward is home to the downtown commercial district and the Ironbound neighborhood, the location of much of Newark's industry in the 19th century. Today, Ironbound is known for its shopping, dining and nightlife. Predominantly an immigrant-populated area of the city, Ironbound is often termed Little Portugal and Little Brazil due to its heavily Portuguese and Brazilian population. In fact, Newark is home to one of the largest Portuguese speaking populations in the United States. The East Ward is also home to many Latin American communities, in particular, Ecuadorians, Peruvians and Colombians. Public education consists of East Side High School and six elementary schools. The ward is composed of densely packed but well-maintained housing, with many large apartment buildings and rowhouses. South Ward The South Ward comprises the Weequahic, Clinton Hill, Dayton and South Broad Valley neighborhoods. Historically home to Jewish residents, the South Ward now has ethnic neighborhoods made up primarily of African Americans and Hispanics. The city's second-largest hospital, Newark Beth Israel Medical Center, is found here, in addition to 17 public schools. West Ward The West Ward comprises the neighborhoods of Vailsburg, Ivy Hill, West Side, Fairmount and Lower Roseville. This neighborhood is home to many Latinos, African Americans and Caribbean Americans, though historically it was populated by Irish, Polish and Ukrainians. Central Ward Much of the city's historical buildings and parks are found in the Central Ward. These include University Heights, Lincoln Park, Military Park and Washington Park. In the 19th century, the Central Ward was inhabited by Germans and other white Catholic and Protestant groups. They were later replaced by the Jewish population who were later replaced by African Americans. This ward includes 26 public schools, two police precincts and headquarters, four firehouses, and one library.
Newark demographics
Newark demographics
Newark is the most populated city in New Jersey and the second most diverse city in the state. The total population of Newark is 311,549, which is an increase of 12.4% in the last decade. This is the largest percentage increase in 100 years.
Newark is a large basin sloping towards the Passaic River, with a few valleys formed by meandering streams. Historically, Newark's high places have been its wealthier neighborhoods.
Arts in Newark
Arts in Newark
To view world-renowned collections of American art, decorative arts, contemporary art, and the arts of Asia, Africa, the Americas and the ancient world, a visit to the Newark Museum of Art is a must.
The New Jersey Performing Arts Center is home to the New Jersey Symphony Orchestra and the New Jersey State Opera. The center attracts over 400,000 visitors annually to its music, dance and theater productions.
The Newark Symphony Hall and its three performance spaces house the Garden State Ballet. The main concert hall is named in honor of famous Newark native Sarah Vaughan, and offers rhythm and blues, rap, hip-hop and gospel music concerts.
The Prudential Center is home to the New Jersey Devils NHL team, and the arena hosts concerts by major artists and touring entertainment events.
Schools in Newark
Schools in Newark
Newark is home to many centers of higher education, including a Berkeley College campus, Essex County College, the New Jersey Institute of Technology, the Newark Campus of Rutgers Biomedical and Health Sciences, Rutgers University and Seton Hall University School of Law. Most of the universities are aptly situated in the University Heights district and serve more than 60,000 students and faculty. Newark public schools are state-operated and have a total of 64 schools. There are also three private Catholic high schools. Charter schools in Newark include the Robert Treat Academy Charter School which is a National Blue Ribbon School drawing students from all over Newark. Based on standardized test scores, the school remains one of the top performing K-8 institutions in New Jersey. University Heights Charter School is another charter school, serving children in grades K-5.
Why Newark?
Why Newark?
Is This the Right Time to Buy a House in Newark, NJ?
Buying a house in Newark, NJ is a great option for those who want to live outside New York but still remain very close to it. Newark is a vibrant and diverse community full of many ethnicities and cultures. The city also has some great entertainment, wonderful culinary offerings and top-notch public transportation. If you are prepared to spend the time, you may just find the perfect house for sale in Newark, NJ for you and your family.
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