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Real Estate Prices & Overview

Bogota South median real estate price is $557,481, which is more expensive than 48.0% of the neighborhoods in New Jersey and 71.1% of the neighborhoods in the U.S.

The average rental price in Bogota South is currently $3,047, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 57.7% of New Jersey neighborhoods.

Bogota South is a densely urban neighborhood (based on population density) located in Bogota, New Jersey.

Bogota South real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Bogota South 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 Bogota South are 5.3%, which is lower than one will find in 64.6% of American neighborhoods. Demand for real estate in Bogota South 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

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

One of the really interesting characteristics about the Bogota South 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 2.5% of college-friendly places to live in the state of New Jersey. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for urban sophisticates.

Real Estate

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 Bogota South neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 54.5% of the residential real estate in the Bogota South neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 95.0% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Diversity

Did you know that the Bogota South neighborhood has more Dominican and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 16.4% of this neighborhood's residents have Dominican ancestry and 16.1% have South American ancestry.

Bogota South is also pretty special linguistically. Significantly, 1.1% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 96.2% 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 Bogota South neighborhood in Bogota are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 80.8% of the neighborhoods in America. In addition, 2.7% 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 72.5% of America's neighborhoods.

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 Bogota South neighborhood, 41.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 21.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.7%), and 16.8% in manufacturing and laborer 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 Bogota South neighborhood is English, spoken by 62.5% of households. Other important languages spoken here include Spanish and Tagalog (the first language of the Philippine region).

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 Bogota South neighborhood in Bogota, NJ, residents most commonly identify their ethnicity or ancestry as Dominican (16.4%). There are also a number of people of South American ancestry (16.1%), and residents who report Irish roots (13.5%), and some of the residents are also of Italian ancestry (9.5%), along with some Puerto Rican ancestry residents (8.0%), among others. In addition, 29.9% of the residents of this neighborhood were born in another country.

Getting to Work

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 Bogota South neighborhood spend between 15 and 30 minutes commuting one-way to work (39.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (68.7%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (13.8%) and 9.2% 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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