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Real Estate Prices & Overview

Elmwood Park West median real estate price is $597,007, which is more expensive than 54.8% of the neighborhoods in New Jersey and 74.4% of the neighborhoods in the U.S.

The average rental price in Elmwood Park West is currently $4,254, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 83.8% of the neighborhoods in New Jersey.

Elmwood Park West is a densely urban neighborhood (based on population density) located in Elmwood Park, New Jersey.

Elmwood Park West real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Elmwood Park West neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in Elmwood Park West are 4.1%, which is lower than one will find in 73.1% of American neighborhoods. Demand for real estate in Elmwood Park West 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

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.

Modes of Transportation

Would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Elmwood Park West neighborhood is a fantastic option for bicycle commuters, as 5.1% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 98.2% of the neighborhoods in America.

Real Estate

Corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the Elmwood Park West neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 35.7% of the real estate here is made up of such dwellings, which is higher than 96.2% of all U.S. neighborhoods.

People

Single parenting is hard. But you don't have to tell the Elmwood Park West neighborhood about it; they already know. 17.6% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 95.4% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

Diversity

Did you know that the Elmwood Park West neighborhood has more Dominican and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 9.9% of this neighborhood's residents have Dominican ancestry and 4.5% have Arab ancestry.

Elmwood Park West is also pretty special linguistically. Significantly, 5.1% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 97.3% 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 Elmwood Park West neighborhood in Elmwood Park are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 41.1% of the neighborhoods in America. In addition, 6.3% 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 60.5% 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 Elmwood Park West neighborhood, 29.1% 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 27.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (23.3%), and 19.9% in clerical, assistant, and tech support 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 Elmwood Park West neighborhood is English, spoken by 54.8% of households. Other important languages spoken here include Spanish, Polish and Langs. of India.

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 Elmwood Park West neighborhood in Elmwood Park, NJ, residents most commonly identify their ethnicity or ancestry as Italian (11.6%). There are also a number of people of Dominican ancestry (9.9%), and residents who report Irish roots (7.9%), and some of the residents are also of Asian ancestry (7.6%), along with some Polish ancestry residents (7.1%), among others. In addition, 32.5% 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 Elmwood Park West neighborhood spend under 15 minutes commuting one-way to work (33.9% of working residents), one of the shortest commutes across America.

Here most residents (70.7%) 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 (11.8%) and 6.8% of residents also hop out the door and walk to work 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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