Allerton / Hamden median real estate price is $686,832, which is more expensive than 66.1% of the neighborhoods in New Jersey and 79.2% of the neighborhoods in the U.S.
The average rental price in Allerton / Hamden is currently $3,462, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 62.3% of the neighborhoods in New Jersey.
Allerton / Hamden is a rural neighborhood (based on population density) located in Annandale, New Jersey.
Allerton / Hamden real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Allerton / Hamden neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Allerton / Hamden, 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 Allerton / Hamden is very tight compared to the demand for property here.
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.
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 Allerton / Hamden 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.
In addition, most neighborhoods are composed of a mixture of ages of homes, but the Allerton / Hamden stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 81.6% of the residential real estate here was built in this one time period.
If you're planning where to retire, the Allerton / Hamden neighborhood in Annandale is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in NJ, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 89.8% of the neighborhoods in New Jersey. If you are considering retiring to New Jersey, this is a good neighborhood to look at. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for urban sophisticates.
Did you know that the Allerton / Hamden neighborhood has more Croatian and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.9% of this neighborhood's residents have Croatian ancestry and 3.9% have Hungarian ancestry.
Allerton / Hamden is also pretty special linguistically. Significantly, 1.8% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 98.3% 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 Allerton / Hamden neighborhood in Annandale 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 94.8% of the neighborhoods in America. In addition, 2.8% 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 72.3% 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 Allerton / Hamden neighborhood, 54.4% 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 21.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.1%), and 10.8% in manufacturing and laborer occupations.
The most common language spoken in the Allerton / Hamden neighborhood is English, spoken by 85.5% of households. Some people also speak Spanish (5.2%).
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 Allerton / Hamden neighborhood in Annandale, NJ, residents most commonly identify their ethnicity or ancestry as Italian (23.0%). There are also a number of people of German ancestry (18.9%), and residents who report Irish roots (18.8%), and some of the residents are also of English ancestry (8.4%), along with some Polish ancestry residents (8.3%), among others. In addition, 12.1% 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 Allerton / Hamden neighborhood spend between 45 minutes and one hour commuting one-way to work (35.6% of working residents), longer and tougher than most commutes in America.
Here most residents (72.1%) 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.