Fairway / Montclair Upper median real estate price is $1,335,779, which is more expensive than 95.4% of the neighborhoods in New Jersey and 95.0% of the neighborhoods in the U.S.
The average rental price in Fairway / Montclair Upper is currently $5,585, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 95.6% of the neighborhoods in New Jersey.
Fairway / Montclair Upper is a suburban neighborhood (based on population density) located in Montclair, New Jersey.
Fairway / Montclair Upper real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Fairway / Montclair Upper 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 Fairway / Montclair Upper are 5.1%, which is lower than one will find in 65.9% of American neighborhoods. Demand for real estate in Fairway / Montclair Upper 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.
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.
People
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 Fairway / Montclair Upper neighborhood is wealthier than 99.5% 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, Fairway / Montclair Upper also has one of the lowest ratings of child poverty in the nation.
In addition, think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the Fairway / Montclair Upper neighborhood: a neighborhood in which more "urban sophisticates" live than 99.9% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for families with school-aged children and highly educated executives.
Also, some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 48.8% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 99.0% of U.S. neighborhoods, where the average American neighborhood has 13.4% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.
Modes of Transportation
In the Fairway / Montclair Upper neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 47.0% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 99.9% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Also, in the Fairway / Montclair Upper neighborhood, 13.4% 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 96.1% of the neighborhoods in America.
Occupations
Executives, managers and professionals make up 79.1% of the workforce in the Fairway / Montclair Upper neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 98.9% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Real Estate
Owner-occupied real estate dominates the Fairway / Montclair Upper neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 98.3% of neighborhoods in America.
In addition, one way that the Fairway / Montclair Upper neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 95.9% 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.
Diversity
Did you know that the Fairway / Montclair Upper neighborhood has more Romanian and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.5% of this neighborhood's residents have Romanian ancestry and 4.3% have Eastern European ancestry.
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 Fairway / Montclair Upper neighborhood in Montclair 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 99.5% 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.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Fairway / Montclair Upper neighborhood, 79.1% 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 11.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (7.1%), and 3.3% in government jobs, whether they are in local, state, or federal positions.
Languages
The most common language spoken in the Fairway / Montclair Upper neighborhood is English, spoken by 84.2% of households. Some people also speak Spanish (5.7%).
Ethnicity / Ancestry
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 Fairway / Montclair Upper neighborhood in Montclair, NJ, residents most commonly identify their ethnicity or ancestry as Irish (19.6%). There are also a number of people of German ancestry (12.6%), and residents who report Italian roots (12.4%), and some of the residents are also of English ancestry (6.9%), along with some Russian ancestry residents (6.6%), among others.
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 Fairway / Montclair Upper neighborhood spend between 45 minutes and one hour commuting one-way to work (44.0% of working residents), longer and tougher than most commutes in America.
Here most residents (27.0%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (13.4%) and 8.6% of residents also ride the bus 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.
