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Real Estate Prices & Overview

Succasunna South median real estate price is $593,968, which is more expensive than 63.6% of the neighborhoods in New Jersey and 76.5% of the neighborhoods in the U.S.

The average rental price in Succasunna South is currently $4,613, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 91.5% of the neighborhoods in New Jersey.

Succasunna South is a suburban neighborhood (based on population density) located in Succasunna, New Jersey.

Succasunna South real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Succasunna South neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Succasunna South, the current vacancy rate is 1.6%, which is a lower rate of vacancies than 88.9% of all neighborhoods in the U.S. This means that the housing supply in Succasunna South 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 Succasunna, the Succasunna South neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The Succasunna South neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 100.0% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 98.7% of all neighborhoods in America.

In addition, owner-occupied real estate dominates the Succasunna South neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 98.5% of neighborhoods in America.

Furthermore, one way that the Succasunna South neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 98.0% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.

People

If you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 4.4% of America's neighborhoods are wealthier than the Succasunna South neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe.

In addition, the Succasunna South neighborhood is a great option for families, as revealed by NeighborhoodScout's research on this neighborhood. The combination of top public schools, low crime rates, and owner-occupied single family homes, make this neighborhood among the top 6.0% of family-friendly neighborhoods in the state of New Jersey. Many other families also live here, making it easy to socialize and develop a sense of community. In addition, families here highly value education, as is reflected by the strength of the local schools. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for urban sophisticates.

Diversity

Did you know that the Succasunna South neighborhood has more Italian and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 27.3% of this neighborhood's residents have Italian ancestry and 2.5% have Hungarian ancestry.

The Neighbors

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 Succasunna South neighborhood in Succasunna 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 95.6% of the neighborhoods in America. In addition, 7.5% 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 57.2% of America'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 Succasunna South neighborhood, 47.8% 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 21.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.6%), and 14.1% in clerical, assistant, and tech support occupations.

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 Succasunna South neighborhood is English, spoken by 86.6% of households. Other important languages spoken here include Spanish and Langs. of India.

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 Succasunna South neighborhood in Succasunna, NJ, residents most commonly identify their ethnicity or ancestry as Italian (27.3%). There are also a number of people of German ancestry (18.2%), and residents who report Irish roots (16.9%), and some of the residents are also of Polish ancestry (9.5%), along with some Asian ancestry residents (6.0%), among others. In addition, 12.3% of the residents of this neighborhood were born in another country.

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 Succasunna South neighborhood spend between 15 and 30 minutes commuting one-way to work (31.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (76.0%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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