Inwood / Montclair State University median real estate price is $355,068, which is less expensive than 84.0% of New Jersey neighborhoods and 51.1% of all U.S. neighborhoods.
The average rental price in Inwood / Montclair State University is currently $4,189, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 82.6% of the neighborhoods in New Jersey.
Inwood / Montclair State University is an urban neighborhood (based on population density) located in Woodland Park, New Jersey.
Inwood / Montclair State University 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 townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Inwood / Montclair State University neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Real estate vacancies in Inwood / Montclair State University are 5.2%, which is lower than one will find in 65.3% of American neighborhoods. Demand for real estate in Inwood / Montclair State University 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.
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.
People
Of note is NeighborhoodScout's research finding that the Inwood / Montclair State University 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 Inwood / Montclair State University community truly stands out from the rest in this regard.
In addition, an extraordinary 67.8% of the residents of the Inwood / Montclair State University neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.
Also, one of the really interesting characteristics about the Inwood / Montclair State University neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 0.8% of college-friendly places to live in the state of New Jersey.
Occupations
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Inwood / Montclair State University neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 99.2% of all American neighborhoods.
Modes of Transportation
More people in Inwood / Montclair State University choose to walk to work each day (18.4%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Length of Commute
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Inwood / Montclair State University neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Inwood / Montclair State University neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 12.1% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 97.2% of all neighborhoods in America.
Real Estate
If you love row houses and attached homes, you will probably really like the Inwood / Montclair State University 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, 27.8% of the residential real estate here is classified as row houses and attached homes.
In addition, most neighborhoods are composed of a mixture of ages of homes, but the Inwood / Montclair State University stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 81.6% of the residential real estate here was built in this one time period.
Diversity
Did you know that the Inwood / Montclair State University neighborhood has more Italian and Romanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 37.0% of this neighborhood's residents have Italian ancestry and 2.0% have Romanian ancestry.
Inwood / Montclair State University is also pretty special linguistically. Significantly, 0.8% 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 96.5% of the neighborhoods in America.
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 Inwood / Montclair State University neighborhood in Woodland Park are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 81.0% 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.
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 Inwood / Montclair State University neighborhood, 48.9% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 39.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.1%).
Languages
The most common language spoken in the Inwood / Montclair State University neighborhood is English, spoken by 81.9% of households. Some people also speak Spanish (10.0%).
Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Inwood / Montclair State University neighborhood in Woodland Park, NJ, residents most commonly identify their ethnicity or ancestry as Italian (37.0%). There are also a number of people of Irish ancestry (16.5%), and residents who report Polish roots (10.3%), and some of the residents are also of South American ancestry (6.8%), along with some German ancestry residents (5.9%), among others.
How you get to work – car, bus, train or other means – 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 Inwood / Montclair State University neighborhood spend under 15 minutes commuting one-way to work (37.8% of working residents), one of the shortest commutes across America. However, there is also a significant group of residents (12.1%) who commute over an hour in each direction.
Here most residents (53.3%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (18.4%) and 6.2% 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.
