Oak Tree median real estate prices are $453,762, which is more expensive than 78.4% of the neighborhoods in New Jersey and 89.6% of the neighborhoods in the U.S.

Average rental prices in Oak Tree are currently $1,410, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 68.3% of the neighborhoods in New Jersey.

Oak Tree is an urban neighborhood (based on population density) located in Edison, New Jersey.

Oak Tree real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) townhomes and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Oak Tree neighborhood are established but not old, having been built between 1970 and 1994. A number of residences were also built between 1940 and 1969.

In Oak Tree, the current vacancy rate is 2.7%, which is a lower rate of vacancies than 92.2% of all neighborhoods in the U.S. This means that the housing supply in Oak Tree is very tight compared to the demand for property here.

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Edison, the Oak Tree neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Did you know that the Oak Tree neighborhood has more Asian and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 33.1% of this neighborhood's residents have Asian ancestry and 0.8% have Iranian ancestry.

Oak Tree is also pretty special linguistically. Significantly, 9.0% of its residents five years old and above primarily speak South Asian languages at home. While this may seem like a small percentage, it is higher than 99.9% of the neighborhoods in America.

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Oak Tree neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 24.5% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 96.2% of all neighborhoods in America.

In addition, many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Oak Tree neighborhood could be your paradise. With 41.6% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 1.9% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

There are two complimentary 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 Oak Tree neighborhood in Edison 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 94.1% of the neighborhoods in America. With 9.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 59.6% 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 Oak Tree neighborhood, 54.4% 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 21.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.2%), and 6.1% in manufacturing and laborer occupations.

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 Oak Tree neighborhood in Edison, NJ, residents most commonly identify their ethnicity or ancestry as Asian (33.1%). There are also a number of people of Italian ancestry (14.4%) , and residents who report Irish roots (8.8%) , and some of the residents are also of Polish ancestry (5.4%) , along with some German ancestry residents (5.3%), among others. In addition, 31.2% of the residents of this neighborhood were born in another country.

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 Oak Tree neighborhood is English, spoken by 59.3% of households. Other important languages spoken here include Chinese, South Asian languages, Spanish and Gujarati (native to the Indian state of Gujarat).

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 Oak Tree neighborhood spend between 15 and 30 minutes commuting one-way to work (25.0% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (24.5%) who commute over an hour in each direction.

Here most residents (78.3%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (12.2%) and 6.0% of residents also carpool with coworkers, friends, or neighbors 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.