Valley Ponds / Preakness median real estate price is $645,025, which is more expensive than 78.0% of the neighborhoods in New Jersey and 82.1% of the neighborhoods in the U.S.
The average rental price in Valley Ponds / Preakness is currently $3,081, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 76.0% of the neighborhoods in New Jersey.
Valley Ponds / Preakness is a suburban neighborhood (based on population density) located in Wayne, New Jersey.
Valley Ponds / Preakness real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Valley Ponds / Preakness neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Valley Ponds / Preakness, the current vacancy rate is 2.3%, which is a lower rate of vacancies than 86.4% of all neighborhoods in the U.S. This means that the housing supply in Valley Ponds / Preakness is very tight compared to the demand for property here.
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 Wayne, the Valley Ponds / Preakness neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
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 Valley Ponds / Preakness neighborhood is wealthier than 97.8% 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. As one would expect in a considerably wealthy neighborhood such as this, Valley Ponds / Preakness also has one of the lowest ratings of child poverty in the nation.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Valley Ponds / Preakness neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 14.6% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 98.4% of all neighborhoods in America.
Did you know that the Valley Ponds / Preakness neighborhood has more Arab and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.7% of this neighborhood's residents have Arab ancestry and 4.4% have Cuban ancestry.
Valley Ponds / Preakness is also pretty special linguistically. Significantly, 11.4% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 99.7% 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 Valley Ponds / Preakness neighborhood in Wayne 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 97.8% of the neighborhoods in America. In addition, 0.0% 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 100.0% 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 Valley Ponds / Preakness neighborhood, 57.9% 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 22.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.4%), and 7.2% 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 Valley Ponds / Preakness neighborhood is English, spoken by 65.5% of households. Other important languages spoken here include Arabic, Spanish, Chinese and Langs. of India.
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 Valley Ponds / Preakness neighborhood in Wayne, NJ, residents most commonly identify their ethnicity or ancestry as Italian (19.2%). There are also a number of people of Arab ancestry (12.7%), and residents who report German roots (10.7%), and some of the residents are also of Asian ancestry (8.9%), along with some Irish ancestry residents (7.1%), among others. In addition, 27.8% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Valley Ponds / Preakness neighborhood spend under 15 minutes commuting one-way to work (23.4% of working residents), one of the shortest commutes across America. However, there is also a significant group of residents (14.6%) who commute over an hour in each direction.
Here most residents (77.5%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (9.1%) . 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
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: 2020 (latest available). Updated annually. Please note: Unemployment data updated November 2022.
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 about Scout's Demographic Data
Analytics built by: Location, Inc.
Raw data sources: 18,000 local law enforcement agencies in the U.S.
Date(s) & Update Frequency: Reflects 2021 calendar year; released from FBI in Oct. 2022 (latest available). Updated annually. Where is 2022 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 about Scout's Crime Data
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 about Scout's School Data
School Details | Grades | Quality Rating Compared to NJ* | Quality Rating Compared to Nation* |
---|---|---|---|
James Fallon Elementary School
51 Clifford Drive Wayne, NJ 07470 |
KG-05 | ||
Anthony Wayne Middle School
201 Garside Avenue Wayne, NJ 07470 |
06-08 | ||
Wayne Valley High School
551 Valley Road Wayne, NJ 07470 |
09-12 | ||
Wayne Hills High School
272 Berdan Avenue Wayne, NJ 07470 |
09-12 | ||
Albert Payson Terhune Elementary School
40 Geoffrey Way Wayne, NJ 07470 |
KG-05 | ||
George Washington Middle School
68 Lenox Road Wayne, NJ 07470 |
06-08 | ||
John F. Kennedy Elementary School
1310 Ratzer Road Wayne, NJ 07470 |
KG-05 | ||
Randall Carter Elementary School
531 Alps Road Wayne, NJ 07470 |
KG-05 | ||
Schuyler Colfax Middle School
1500 Hamburg Turnpike Wayne, NJ 07470 |
06-08 | ||
* 10 is highest |
GET FULL REPORTS FOR ANY SCHOOL IN THIS DISTRICT
SEE ALL SCHOOLSAnalytics 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
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