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Real Estate Prices & Overview

Merchantville South median real estate price is $319,995, which is less expensive than 87.9% of New Jersey neighborhoods and 56.7% of all U.S. neighborhoods.

The average rental price in Merchantville South is currently $2,018, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 93.9% of New Jersey neighborhoods.

Merchantville South is a suburban neighborhood (based on population density) located in Merchantville, New Jersey.

Merchantville South real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and mobile homes. Most of the residential real estate is renter occupied. Many of the residences in the Merchantville South neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Merchantville South, the current vacancy rate is 1.3%, which is a lower rate of vacancies than 90.2% of all neighborhoods in the U.S. This means that the housing supply in Merchantville South is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

The Merchantville South neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 90.8% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

In addition, 92.3% of the real estate in the Merchantville South neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Furthermore, the real estate in the Merchantville South neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 80.2% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 96.8% of American neighborhoods.

People

The Merchantville South neighborhood has a greater percentage of children living in poverty (64.2%) than found in 97.7% 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.

In addition, one of the most interesting things about the Merchantville South neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 54.5% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 97.5% of the neighborhoods in America.

Diversity

Did you know that the Merchantville South neighborhood has more Puerto Rican and Croatian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 22.0% of this neighborhood's residents have Puerto Rican ancestry and 1.0% have Croatian ancestry.

Merchantville South is also pretty special linguistically. Significantly, 1.5% 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 98.3% of the neighborhoods in America.

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 Merchantville South neighborhood in Merchantville are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 71.5% of U.S. neighborhoods. With 64.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.7% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Merchantville South neighborhood, 34.9% 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 25.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.5%), and 19.4% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 Merchantville South neighborhood is English, spoken by 71.1% of households. Other important languages spoken here include Spanish and Langs. of India.

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 Merchantville South neighborhood in Merchantville, NJ, residents most commonly identify their ethnicity or ancestry as Puerto Rican (22.0%). There are also a number of people of Irish ancestry (13.1%), and residents who report Asian roots (11.8%), and some of the residents are also of Italian ancestry (8.6%), along with some English ancestry residents (7.9%), among others. In addition, 10.1% 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 Merchantville South neighborhood spend between 15 and 30 minutes commuting one-way to work (45.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (77.0%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (9.2%) and 7.2% 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.


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