Real Estate Prices and Overview
Median real estate prices in the Town Center of Edison are $318,670, which is more expensive than 60.7% of the neighborhoods
in New Jersey and 80.1% of the
neighborhoods in the U.S.
Average rental prices in Edison Town Center are currently
$1,626, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 83.7%
of the neighborhoods in New Jersey.
Edison Town Center is an urban neighborhood (based on population
density) located in Edison, New Jersey.
Real estate in the Town Center of Edison, NJ is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and townhomes.
Most of the residential real estate is renter occupied. Many of
the residences in the Town Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Real estate vacancies in Edison Town Center are 5.2%,
which is lower than one will find in 75.4% of American
neighborhoods. Demand for real estate in Edison Town Center
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
Notable & Unique: Diversity
Did you know that the Edison Town Center neighborhood has more
Asian and Jamaican ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 63.6% of
this neighborhood's residents have Asian ancestry and 1.4% have Jamaican ancestry.
Edison Town Center is also pretty special linguistically. Significantly, 16.4% of its residents five years old and above primarily
speak Hindi, which is the official language of India at home. While this may seem like a small percentage, it is higher
than 99.9% of the neighborhoods in America.
Notable & Unique: Length of Commute
Whether walking, biking, riding, or driving, the length of one's commute
is an important factor for one's quality of life. The Edison Town Center
neighborhood stands out for its commute length, according to NeighborhoodScout's
Long commutes can be brutal. They take time, money, and energy, leaving less
of you for yourself and your family. The residents of the Edison
Town Center neighborhood unfortunately have the distinction of having,
on average, a longer commute than most any neighborhood in America.
17.5% 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 99.6%
of all neighborhoods in America.
Notable & Unique: Occupations
Executives, managers and professionals make up 72.3% of the workforce
in the Edison Town Center neighborhood which, according to
NeighborhoodScout's exclusive analysis, is a higher proportion of such
high-level people than is found in 98.8% of the neighborhoods
in America. For this reason, this neighborhood really stands out as unique.
Notable & Unique: 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 Edison Town Center
neighborhood has a greater percentage of residents born in another country
(54.4%) than are found in 98.6% of all U.S. neighborhoods.
Notable & Unique: People
The rate of college educated adults in the Edison Town Center neighborhood
is a unique characteristic of the neighborhood. 70.4% of
adults here have received at least a 4-year bachelor's degree, compared to
the average neighborhood in America, which has 22.6% of the adults with a
bachelor's degree. The rate here is higher than NeighborhoodScout found in
96.8% of all U.S. neighborhoods.
Notable & Unique: Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you.
NeighborhoodScout's research revealed that 22.6% of the Edison
Town Center neighborhood's commuters ride the train to and from work each
day, which is more than we found in 96.8% of America's
Notable & Unique: Real Estate
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 Edison Town Center neighborhood could be your paradise. With 32.2% 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 2.9% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
Furthermore, most neighborhoods are composed of a mixture of ages of homes, but the Edison Town Center stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 87.9% of the residential real estate here was built in this one time period.
Also of note, renter-occupied real estate is dominant in the Edison Town Center neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 83.3%, which is higher than 95.2% 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.
The Neighbors: Income
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 Town Center 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 91.8% of the neighborhoods in America.
In addition, 2.8% 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 82.5%
of America's neighborhoods.
The Neighbors: Occupations
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 Edison Town Center neighborhood, 72.3%
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 12.4% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(10.1%), and 5.2% in manufacturing and laborer occupations.
The Neighbors: Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves,
Los Angeles' Persian neighborhoods. Each has its own culture derived primarily
from the ancestries and culture of the residents who call these neighborhoods
home. Likewise, each neighborhood in America has its own culture – some more
unique than others – based on lifestyle, occupations, the types of households
– and importantly – on the ethnicities and ancestries of the people who live
in the neighborhood. Understanding where people came from, who their grandparents
or great-grandparents were, can help you understand how a neighborhood is today.
In the Town Center neighborhood in Edison, NJ, residents
most commonly identify their ethnicity or ancestry as Asian
(63.6%). There are also a number of people of South American ancestry (2.6%) , and residents who report Puerto Rican roots (2.1%) , and some of the residents are also of Jamaican ancestry (1.4%) , along with some Arab ancestry residents (1.2%), among others. In addition, 54.4% of the residents of this neighborhood were born in another country.
The Neighbors: 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 Edison Town Center
neighborhood is English, spoken by 32.4% of households. Other important languages spoken here include South Asian languages, Hindi (which is the official language of India), Gujarati (native to the Indian state of Gujarat) and Tagalog (the first language of the Philippine region).
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 Edison Town Center neighborhood spend
between 45 minutes and one hour commuting one-way to work (25.3% of working
residents), longer and tougher than most commutes in America.
Here most residents (62.0%) drive alone in a private automobile to get to work.
In addition, quite a number also take the train to get to work (22.6%) and 8.8% 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.