Real Estate Prices and Overview
Warren Point median real estate prices are $359,241, which is more expensive than 72.8% of the neighborhoods
in New Jersey and 84.1% of the
neighborhoods in the U.S.
Average rental prices in Warren Point are currently
$1,579, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 81.1%
of the neighborhoods in New Jersey.
Warren Point is an urban neighborhood (based on population
density) located in Fair Lawn, New Jersey.
Warren Point real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings.
Most of the residential real estate is owner occupied. Many of
the residences in the Warren Point neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
In Warren Point, the current vacancy rate is 2.6%,
which is a lower rate of vacancies than 89.6% of all neighborhoods
in the U.S. This means that the housing supply in Warren Point
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 Warren Point neighborhood has more
Italian and Ukrainian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 20.9% of
this neighborhood's residents have Italian ancestry and 1.6% have Ukrainian ancestry.
Warren Point is also pretty special linguistically. Significantly, 3.9% of its residents five years old and above primarily
speak Gujarati, which is native to the Indian state of Gujarat, at home. While this may seem like a small percentage, it is higher
than 99.6% 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 Warren Point neighborhood: a neighborhood in which more
"urban sophisticates" live than 97.0% 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 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 Warren Point neighborhood, is that an incredible 81.5% 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 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 Warren Point 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 89.8% of the neighborhoods in America.
In addition, 1.0% 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 88.0%
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 Warren Point neighborhood, 44.0%
of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is
clerical, assistant, and tech support occupations, with 21.0% of the residents employed.
Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants
(20.0%), and 15.0% in manufacturing and laborer occupations.
The Neighbors: Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities
and ancestries have different cultural traditions, and as a result, neighborhoods
with concentrations of residents of one or another ethnicities or ancestries
will express those cultures. It is what makes the North End in Boston so fun
to visit for the Italian restaurants, bakeries, culture, and charm, and similarly,
why people enjoy visiting Chinatown in San Francisco.
In the Warren Point neighborhood in Fair Lawn, NJ, residents
most commonly identify their ethnicity or ancestry as Italian
(20.9%). There are also a number of people of Asian ancestry (13.1%) , and residents who report Irish roots (9.4%) , and some of the residents are also of German ancestry (5.7%) , along with some South American ancestry residents (4.1%), among others. In addition, 24.6% 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 Warren Point
neighborhood is English, spoken by 66.8% of households. Other important languages spoken here include Spanish, South Asian languages, Gujarati (native to the Indian state of Gujarat) and Russian.
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 Warren Point neighborhood spend
between 15 and 30 minutes commuting one-way to work (39.6% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (78.7%) drive alone in a private automobile to get to work.
In addition, quite a number also take the train to get to work (9.2%) and 7.0% 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.