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Real Estate Prices & Overview

Mediterranean Village median real estate price is $396,649, which is less expensive than 77.0% of New Jersey neighborhoods and 48.2% of all U.S. neighborhoods.

The average rental price in Mediterranean Village is currently $3,039, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 58.0% of New Jersey neighborhoods.

Mediterranean Village is a densely urban neighborhood (based on population density) located in Fort Lee, New Jersey.

Mediterranean Village 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 occupied by a mixture of owners and renters. Many of the residences in the Mediterranean Village neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 6.2% in Mediterranean Village. NeighborhoodScout analysis shows that this rate is lower than 58.6% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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.

People

Of note is NeighborhoodScout's research finding that the Mediterranean Village 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 Mediterranean Village community truly stands out from the rest in this regard.

Real Estate

The Mediterranean Village neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 30,705 persons per square mile in the neighborhood, it is more packed with people than 97.0% of the nation's neighborhoods.

In addition, the real estate in the Mediterranean Village neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 79.8% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 96.7% of American neighborhoods.

Furthermore, the Mediterranean Village neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 81.9% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (13.4% ride the bus) than 96.7% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Also, more people in Mediterranean Village choose to walk to work each day (11.8%) 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.

Finally, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 10.4% of the Mediterranean Village neighborhood's commuters ride the train to and from work each day, which is more than we found in 95.2% of America's neighborhoods.

Occupations

Executives, managers and professionals make up 71.3% of the workforce in the Mediterranean Village neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 96.1% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Diversity

Did you know that the Mediterranean Village neighborhood has more Romanian and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.3% of this neighborhood's residents have Romanian ancestry and 5.7% have Russian ancestry.

Mediterranean Village is also pretty special linguistically. Significantly, 20.0% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 99.9% 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 Mediterranean Village neighborhood has a greater percentage of residents born in another country (51.6%) than are found in 98.0% 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 Mediterranean Village neighborhood in Fort Lee are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 71.1% 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.

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 Mediterranean Village neighborhood, 71.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 12.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (11.1%), and 5.0% 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 Mediterranean Village neighborhood is English, spoken by 41.5% of households. Other important languages spoken here include Korean, Spanish, Chinese 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 Mediterranean Village neighborhood in Fort Lee, NJ, residents most commonly identify their ethnicity or ancestry as Asian (30.3%). There are also a number of people of Italian ancestry (12.7%), and residents who report Russian roots (5.7%), and some of the residents are also of Dominican ancestry (5.7%), along with some South American ancestry residents (4.9%), among others. In addition, 51.6% 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 Mediterranean Village neighborhood spend between 45 minutes and one hour commuting one-way to work (31.2% of working residents), longer and tougher than most commutes in America.

Here most residents (37.6%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (13.4%) and 11.8% 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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