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Real Estate Prices & Overview

Median real estate price in the Borough Center of Dumont is $722,439, which is more expensive than 65.9% of the neighborhoods in New Jersey and 79.9% of the neighborhoods in the U.S.

The average rental price in Dumont Borough Center is currently $3,043, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 53.7% of New Jersey neighborhoods.

Dumont Borough Center is an urban neighborhood (based on population density) located in Dumont, New Jersey.

Real estate in the Borough Center of Dumont, NJ is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Borough Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in Dumont Borough Center are 3.0%, which is lower than one will find in 79.1% of American neighborhoods. Demand for real estate in Dumont Borough Center 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.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Diversity

Did you know that the Dumont Borough Center neighborhood has more Romanian and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.0% of this neighborhood's residents have Romanian ancestry and 10.2% have South American ancestry.

Dumont Borough Center is also pretty special linguistically. Significantly, 4.9% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 97.9% of the neighborhoods in America.

The Neighbors

There are two complementary 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 Borough Center neighborhood in Dumont are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 78.0% of the neighborhoods in America. In addition, 1.7% 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 75.8% 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 Dumont Borough Center neighborhood, 45.3% 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 22.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.3%), and 13.1% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 Dumont Borough Center neighborhood is English, spoken by 59.9% of households. Other important languages spoken here include Spanish, Tagalog (the first language of the Philippine region) and Langs. of India.

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 Borough Center neighborhood in Dumont, NJ, residents most commonly identify their ethnicity or ancestry as Asian (18.8%). There are also a number of people of Italian ancestry (15.9%), and residents who report German roots (13.3%), and some of the residents are also of Irish ancestry (12.9%), along with some South American ancestry residents (10.2%), among others. In addition, 29.2% 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 Dumont Borough Center neighborhood spend between 15 and 30 minutes commuting one-way to work (43.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (72.1%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (9.8%) . 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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