640 Vital Statistics. 29 Condition Alerts found.
Morris Tpke / Hobart Ave median real estate price is $1,435,694, which is more expensive than 95.8% of the neighborhoods in New Jersey and 96.4% of the neighborhoods in the U.S.
The average rental price in Morris Tpke / Hobart Ave is currently $2,684, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 82.6% of the neighborhoods in New Jersey.
Morris Tpke / Hobart Ave is a suburban neighborhood (based on population density) located in Summit, New Jersey.
Morris Tpke / Hobart Ave real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) . Most of the residential real estate is owner occupied. Many of the residences in the Morris Tpke / Hobart Ave neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Real estate vacancies in Morris Tpke / Hobart Ave are 5.2%, which is lower than one will find in 72.9% of American neighborhoods. Demand for real estate in Morris Tpke / Hobart Ave 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.
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 Summit, the Morris Tpke / Hobart Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
If you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the Morris Tpke / Hobart Ave neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 99.5% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the Morris Tpke / Hobart Ave neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for highly educated executives.
In addition, wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the Morris Tpke / Hobart Ave neighborhood is wealthier than 99.4% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood.
Also, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 76.1% of the adults living in the Morris Tpke / Hobart Ave neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 97.7% of U.S. neighborhoods. In this way, this neighborhood truly stands out.
One way that the Morris Tpke / Hobart Ave neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 96.6% 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.
In the Morris Tpke / Hobart Ave neighborhood, 18.5% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 95.9% of the neighborhoods in America.
The Morris Tpke / Hobart Ave neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 95.7% of the neighborhoods in America. In fact, 65.1% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.
Did you know that the Morris Tpke / Hobart Ave neighborhood has more Greek and Croatian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.9% of this neighborhood's residents have Greek ancestry and 1.3% have Croatian ancestry.
Morris Tpke / Hobart Ave is also pretty special linguistically. Significantly, 5.9% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 96.3% of the neighborhoods in America.
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 Morris Tpke / Hobart Ave neighborhood in Summit 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 99.4% of the neighborhoods in America. In addition, 0.6% 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 86.4% 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 Morris Tpke / Hobart Ave neighborhood, 65.1% 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 20.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.1%), and 5.5% in manufacturing and laborer occupations.
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 Morris Tpke / Hobart Ave neighborhood is English, spoken by 78.2% of households. Other important languages spoken here include Chinese and Spanish.
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 Morris Tpke / Hobart Ave neighborhood in Summit, NJ, residents most commonly identify their ethnicity or ancestry as Irish (22.3%). There are also a number of people of Italian ancestry (19.8%), and residents who report Asian roots (11.2%), and some of the residents are also of German ancestry (9.8%), along with some English ancestry residents (6.7%), among others. In addition, 19.3% of the residents of this neighborhood were born in another country.
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 Morris Tpke / Hobart Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (33.4% of working residents), longer and tougher than most commutes in America.
Here most residents (72.0%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (18.5%) and 5.9% 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.
Analytics built by: Location, Inc.
Raw data sources: National Agriculture Statistics Service, U.S. Department of Agriculture, Federal Housing Finance Agency, U.S. Department of Housing and Urban Development, U.S. Bureau of the Census, U.S. Geological Service, American Community Survey.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
44 Vital Statistics. 9 Condition Alerts found.
Analytics built by: Location, Inc.
Raw data sources: American Community Survey, U.S. Bureau of the Census, U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Geological Service, National Agricultural Statistics Service.
Date(s) & Update Frequency: 2017 (latest available). Updated annually.
Methodology: Unlike standardly available Census demographics, NeighborhoodScout uses dozens of custom models to transform 8.5 million raw demographic data elements from government sources into proprietary indices and insights…. Read more
136 Vital Statistics. 2 Condition Alerts found.
Analytics built by: Location, Inc.
Raw data sources: 18,000 local law enforcement agencies in the U.S.
Date(s) & Update Frequency: Reflects 2017 calendar year; released from FBI in Sept. 2018 (latest available). Updated annually. Where is 2018 data?
Methodology: Our nationwide meta-analysis overcomes the issues inherent in any crime database, including non-reporting and reporting errors. This is possible by associating the 9.4 million reported crimes in the U.S, including over 2 million geocoded point locations…. Read more
67 Vital Statistics. 3 Condition Alerts found.
Crime | |
---|---|
Morris Tpke / Hobart Ave | 0.101011101001110 |
Summit | 0.101011101001110 |
New Jersey | 2.29 |
Crime | |
---|---|
Morris Tpke / Hobart Ave | 0.101011101001110 |
Summit | 0.101011101001110 |
New Jersey | 15.56 |
Crime | |
---|---|
Morris Tpke / Hobart Ave | 0.101011101001110 |
Summit | 0.101011101001110 |
New Jersey | 66 |
Analytics built by: Location, Inc.
Methodology: Only NeighborhoodScout gives you nationally comparable school ranks based on test scores, so you can directly compare the quality of schools in any location. Read more
65 Vital Statistics. 8 Condition Alerts found.
Discipline | District | State |
---|---|---|
Proficiency in Reading and Math | 0.101011101001110 | 0.101011101001110 |
Proficiency in Reading | 0.101011101001110 | 0.101011101001110 |
Proficiency in Math | 0.101011101001110 | 0.101011101001110 |
School Details | Grades | Quality Rating Compared to NJ* | Quality Rating Compared to Nation* |
---|---|---|---|
Primary Center At Wilson School
14 Beekman Terrace Summit, NJ 07091 |
PK-KG | ||
Primary Center At Jefferson School
110 Ashwood Avenue Summit, NJ 07091 |
PK-KG | ||
Summit High School
125 Kent Place Blvd Summit, NJ 07901 |
09-12 | ||
Lawton C. Johnson Summit Middle School
272 Morris Ave Summit, NJ 07901 |
06-08 | ||
Brayton Elementary School
89 Tulip Street Summit, NJ 07901 |
01-05 | ||
Franklin Elementary School
136 Blackburn Road Summit, NJ 07901 |
01-05 | ||
Jefferson Elementary School
110 Ashwood Avenue Summit, NJ 07901 |
01-05 | ||
Lincoln-Hubbard Elementary School
52 Woodland Ave Summit, NJ 07901 |
01-05 | ||
Washington Elementary School
507 Morris Ave Summit, NJ 07901 |
01-05 | ||
* 10 is highest |
Analytics built by: Location, Inc.
Raw data sources: U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Dow Jones S&P, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Bureau of the Census, American Community Survey, U.S. Department of Housing and Urban Development, U.S. Geological Service, U.S. Department of Transportation, LEHD Origin-Destination Employment Statistics, Federal Highway Administration, National Agricultural Statistics.
Methodology: Scout Vision uniquely solves for investment risk by generating Home Price Appreciation projections with unprecedented geographic granularity and predictive accuracy, for every micro-neighborhood (block group) in the U.S. Read more
328 Vital Statistics. 7 Condition Alerts found.
Time Period | Total Appreciation | Avg. Annual Rate |
Compared To
Metro* |
Compared To
America* |
---|---|---|---|---|
3 Year Forecast:
2019 Q3 - 2022 Q3 |
||||
Latest Quarter:
2019 Q1 - 2019 Q2 |
||||
Last 12 Months:
2018 Q2 - 2019 Q2 |
||||
Last 2 Years:
2017 Q2 - 2019 Q2 |
||||
Last 5 Years:
2014 Q2 - 2019 Q2 |
||||
Last 10 Years:
2009 Q2 - 2019 Q2 |
||||
Since 2000:
2000 Q1 - 2019 Q2 |
||||
* 10 is highest |
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