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Real Estate Prices & Overview

Elmora median real estate price is $589,306, which is more expensive than 50.5% of the neighborhoods in New Jersey and 71.9% of the neighborhoods in the U.S.

The average rental price in Elmora is currently $2,619, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 78.0% of New Jersey neighborhoods.

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

Elmora 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Elmora neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Elmora, the current vacancy rate is 1.8%, which is a lower rate of vacancies than 87.9% of all neighborhoods in the U.S. This means that the housing supply in Elmora is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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.

Real Estate

The Elmora neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 32,629 persons per square mile in the neighborhood, it is more packed with people than 97.3% of the nation's neighborhoods.

In addition, renter-occupied real estate is dominant in the Elmora neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 85.2%, which is higher than 95.4% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

Occupations

More people work in manufacturing and as laborers here in the Elmora neighborhood than in 96.4% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Elmora neighborhood have a highly unusual car ownership. 19.8% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.2% of U.S. neighborhoods.

Diversity

Did you know that the Elmora neighborhood has more South American and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 28.2% of this neighborhood's residents have South American ancestry and 10.6% have Haitian ancestry.

Elmora is also pretty special linguistically. Significantly, 13.3% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 99.5% of the neighborhoods in America.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the Elmora neighborhood has a greater percentage of residents born in another country (48.9%) than are found in 97.4% of all U.S. neighborhoods.

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 Elmora neighborhood in Elizabeth are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 81.7% of U.S. neighborhoods. With 14.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 58.7% of U.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 Elmora neighborhood, 43.5% of the working population is employed in manufacturing and laborer 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 22.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.0%), and 17.0% in executive, management, and professional 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 Elmora neighborhood is Spanish, spoken by 56.4% of households. Other important languages spoken here include English, French 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 Elmora neighborhood in Elizabeth, NJ, residents most commonly identify their ethnicity or ancestry as South American (28.2%). There are also a number of people of Haitian ancestry (10.6%), and residents who report Mexican roots (6.8%), and some of the residents are also of Cuban ancestry (5.9%), along with some Puerto Rican ancestry residents (5.4%), among others. In addition, 48.9% 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 Elmora neighborhood spend between 15 and 30 minutes commuting one-way to work (42.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (63.2%) 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 (20.5%) . 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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