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Real Estate Prices & Overview

Pennsauken Woods / Bloomfield median real estate price is $251,574, which is less expensive than 92.1% of New Jersey neighborhoods and 69.6% of all U.S. neighborhoods.

The average rental price in Pennsauken Woods / Bloomfield is currently $2,994, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 59.8% of New Jersey neighborhoods.

Pennsauken Woods / Bloomfield is a densely urban neighborhood (based on population density) located in Merchantville, New Jersey.

Pennsauken Woods / Bloomfield real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Pennsauken Woods / Bloomfield neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in Pennsauken Woods / Bloomfield are 5.8%, which is lower than one will find in 61.3% of American neighborhoods. Demand for real estate in Pennsauken Woods / Bloomfield 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.

Real Estate

If you love row houses and attached homes, you will probably really like the Pennsauken Woods / Bloomfield neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 26.5% of the residential real estate here is classified as row houses and attached homes.

Modes of Transportation

Our research shows that more people carpool to work here in the Pennsauken Woods / Bloomfield (22.7%) than in 95.6% of the neighborhoods in America.

Diversity

Did you know that the Pennsauken Woods / Bloomfield neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.4% of this neighborhood's residents have Dominican ancestry and 14.3% have Puerto Rican ancestry.

Pennsauken Woods / Bloomfield is also pretty special linguistically. Significantly, 1.6% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 99.3% of the neighborhoods in America.

The Neighbors

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 Pennsauken Woods / Bloomfield neighborhood in Merchantville are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 67.7% of the neighborhoods in America. With 30.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 82.1% of U.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 Pennsauken Woods / Bloomfield neighborhood, 31.6% 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 23.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (22.9%), and 22.6% 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 Pennsauken Woods / Bloomfield neighborhood is English, spoken by 67.0% of households. Other important languages spoken here include Spanish, Italian and Vietnamese.

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 Pennsauken Woods / Bloomfield neighborhood in Merchantville, NJ, residents most commonly identify their ethnicity or ancestry as Puerto Rican (14.3%). There are also a number of people of Dominican ancestry (11.4%), and residents who report Asian roots (11.3%), and some of the residents are also of Irish ancestry (7.4%), along with some Jamaican ancestry residents (5.9%), among others. In addition, 18.1% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Pennsauken Woods / Bloomfield neighborhood spend under 15 minutes commuting one-way to work (40.6% of working residents), one of the shortest commutes across America.

Here most residents (66.0%) 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 (22.7%) . 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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