Forest Ave Area / Southern North Caldwell median real estate price is $746,115, which is more expensive than 72.0% of the neighborhoods in New Jersey and 82.1% of the neighborhoods in the U.S.
The average rental price in Forest Ave Area / Southern North Caldwell is currently $3,743, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 72.2% of the neighborhoods in New Jersey.
Forest Ave Area / Southern North Caldwell is an urban neighborhood (based on population density) located in Caldwell, New Jersey.
Forest Ave Area / Southern North Caldwell real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Forest Ave Area / Southern North Caldwell 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.
In Forest Ave Area / Southern North Caldwell, the current vacancy rate is 3.0%, which is a lower rate of vacancies than 80.5% of all neighborhoods in the U.S. This means that the housing supply in Forest Ave Area / Southern North Caldwell is very tight compared to the demand for property here.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
If you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the Forest Ave Area / Southern North Caldwell neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 97.0% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the Forest Ave Area / Southern North Caldwell neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for active retirees.
Did you know that the Forest Ave Area / Southern North Caldwell neighborhood has more Lebanese and Italian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.1% of this neighborhood's residents have Lebanese ancestry and 25.7% have Italian ancestry.
Forest Ave Area / Southern North Caldwell is also pretty special linguistically. Significantly, 1.8% 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 98.3% 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 Forest Ave Area / Southern North Caldwell neighborhood in Caldwell are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 87.0% of the neighborhoods in America. In addition, 4.4% 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 66.6% 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 Forest Ave Area / Southern North Caldwell neighborhood, 65.1% 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 20.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (9.1%), and 5.3% in clerical, assistant, and tech support occupations.
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 Forest Ave Area / Southern North Caldwell neighborhood is English, spoken by 82.1% of households. Other important languages spoken here include Chinese and Spanish.
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 Forest Ave Area / Southern North Caldwell neighborhood in Caldwell, NJ, residents most commonly identify their ethnicity or ancestry as Italian (25.7%). There are also a number of people of Irish ancestry (19.3%), and residents who report Asian roots (11.2%), and some of the residents are also of German ancestry (9.1%), along with some Polish ancestry residents (6.8%), among others. In addition, 13.3% of the residents of this neighborhood were born in another country.
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 Forest Ave Area / Southern North Caldwell neighborhood spend between 15 and 30 minutes commuting one-way to work (35.6% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (67.1%) 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 (5.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.