Real Estate Prices and Overview
Morlot Ave / Saddle River Rd median real estate prices are $412,999, which is more expensive than 81.0% of the neighborhoods
in New Jersey and 88.3% of the
neighborhoods in the U.S.
Average rental prices in Morlot Ave / Saddle River Rd are currently
$1,688, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 85.4%
of the neighborhoods in New Jersey.
Morlot Ave / Saddle River Rd is an urban neighborhood (based on population
density) located in Fair Lawn, New Jersey.
Morlot Ave / Saddle River Rd 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 Morlot Ave / Saddle River Rd neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Morlot Ave / Saddle River Rd, the current vacancy rate is 3.7%,
which is a lower rate of vacancies than 83.8% of all neighborhoods
in the U.S. This means that the housing supply in Morlot Ave / Saddle River Rd
is very tight compared to the demand for property here.
Notable & Unique Neighborhood Characteristics
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 Fair Lawn,
the Morlot Ave / Saddle River Rd neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Did you know that the Morlot Ave / Saddle River Rd neighborhood has more
Russian and Romanian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 14.3% of
this neighborhood's residents have Russian ancestry and 2.7% have Romanian ancestry.
Morlot Ave / Saddle River Rd is also pretty special linguistically. Significantly, 16.0% of its residents five years old and above primarily
speak Russian at home. While this may seem like a small percentage, it is higher
than 99.8% of the neighborhoods in America.
Notable & Unique: People
Think about the people you know personally. How many of them would
purchase box seats to opening night at the symphony? How many of them
regularly attend gallery openings, or are the first to reserve tickets
to opening night at the ballet? If they're like most of us, they don't
do any of these things. But if you're among an exclusive crowd of wealthy
and refined patrons of the arts, then you'll feel right at home in
the Morlot Ave / Saddle River Rd neighborhood: a neighborhood in which more
"urban sophisticates" live than 97.5% of neighborhoods
across the U.S. Here, your neighbors are defined as having urbane
tastes in literature, music, live theatre and the arts. They are wealthy,
educated, travel in style, and live a big city lifestyle whether or
not they live in or near a big city.
In addition to being an excellent choice for urban sophisticates, this
neighborhood is also a very good choice for highly educated executives , first-time home buyers and families with school-aged children.
Notable & Unique: Real Estate
In addition, most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Morlot Ave / Saddle River Rd neighborhood, is that an incredible 84.0% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.
The Neighbors: Income
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 Morlot Ave / Saddle River Rd neighborhood in Fair Lawn 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 94.6% of the neighborhoods in America.
In addition, 5.0% 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 75.7%
of America's neighborhoods.
The Neighbors: Occupations
A neighborhood is far different if it is dominated by enlisted military personnel
rather than people who earn their living by farming. It is also different if
most of the neighbors are clerical support or managers. What is wonderful is
the shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
In the Morlot Ave / Saddle River Rd neighborhood, 57.6%
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 18.9% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(15.7%), and 7.7% in manufacturing and laborer occupations.
The Neighbors: 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 Morlot Ave / Saddle River Rd neighborhood in Fair Lawn, NJ, residents
most commonly identify their ethnicity or ancestry as Russian
(14.3%). There are also a number of people of Italian ancestry (10.3%) , and residents who report Asian roots (7.9%) , and some of the residents are also of Polish ancestry (6.4%) , along with some Irish ancestry residents (5.7%), among others. In addition, 29.5% 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 Morlot Ave / Saddle River Rd
neighborhood is English, spoken by 59.8% of households. Other important languages spoken here include Russian, Spanish, South Asian languages and Tagalog (the first language of the Philippine region).
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 Morlot Ave / Saddle River Rd neighborhood spend
between 45 minutes and one hour commuting one-way to work (32.0% of working
residents), longer and tougher than most commutes in America.
Here most residents (64.1%) drive alone in a private automobile to get to work.
In addition, quite a number also take the train to get to work (11.4%) and 10.8% of residents also ride the bus 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.