Median real estate price in the Borough Center of Pompton Lakes is $642,959, which is more expensive than 59.7% of the neighborhoods in New Jersey and 75.1% of the neighborhoods in the U.S.
The average rental price in Pompton Lakes Borough Center is currently $4,193, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 82.7% of the neighborhoods in New Jersey.
Pompton Lakes Borough Center is an urban neighborhood (based on population density) located in Pompton Lakes, New Jersey.
Real estate in the Borough Center of Pompton Lakes, NJ is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Borough Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Pompton Lakes Borough Center, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Pompton Lakes Borough Center is very tight compared to the demand for property here.
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 get around.
This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Pompton Lakes Borough Center neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
Of note is NeighborhoodScout's research finding that the Pompton Lakes Borough Center neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Pompton Lakes Borough Center community truly stands out from the rest in this regard.
In addition, 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 Pompton Lakes Borough Center neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 96.4% 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 Pompton Lakes Borough Center neighborhood.
While most Americans do drive to work alone each day, the Pompton Lakes Borough Center neighborhood stands out by having 91.9% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 98.1% of all American neighborhoods.
Did you know that the Pompton Lakes Borough Center neighborhood has more Italian and Romanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 33.3% of this neighborhood's residents have Italian ancestry and 1.3% have Romanian ancestry.
Pompton Lakes Borough Center is also pretty special linguistically. Significantly, 6.0% 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 98.5% 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 Borough Center neighborhood in Pompton Lakes 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 93.5% 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 Pompton Lakes Borough Center neighborhood, 45.4% 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 22.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (18.7%), and 13.4% 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 Pompton Lakes Borough Center neighborhood is English, spoken by 73.0% of households. Other important languages spoken here include Spanish, Tagalog (the first language of the Philippine region) 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 Borough Center neighborhood in Pompton Lakes, NJ, residents most commonly identify their ethnicity or ancestry as Italian (33.3%). There are also a number of people of Irish ancestry (15.0%), and residents who report Asian roots (6.8%), and some of the residents are also of English ancestry (5.6%), along with some Puerto Rican ancestry residents (5.1%), among others. In addition, 16.0% 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 Pompton Lakes Borough Center neighborhood spend between 15 and 30 minutes commuting one-way to work (38.3% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (91.9%) 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.