Real Estate Prices and Overview
Morlot Ave / Saddle River Rd median real estate prices are $412,999, which is more expensive than 80.9% 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 89.2%
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
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 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 , families with school-aged children and college students.
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
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 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
What we choose to do for a living reflects who we are. Each neighborhood has
a different mix of occupations represented, and together these tell you about
the neighborhood and help you understand if this neighborhood may fit your lifestyle.
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
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 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.