Tenafly Southwest median real estate price is $1,272,148, which is more expensive than 95.0% of the neighborhoods in New Jersey and 94.7% of the neighborhoods in the U.S.
The average rental price in Tenafly Southwest is currently $5,841, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 96.4% of the neighborhoods in New Jersey.
Tenafly Southwest is an urban neighborhood (based on population density) located in Tenafly, New Jersey.
Tenafly Southwest 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 Tenafly Southwest neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
In Tenafly Southwest, the current vacancy rate is 1.5%, which is a lower rate of vacancies than 89.6% of all neighborhoods in the U.S. This means that the housing supply in Tenafly Southwest 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 Tenafly, the Tenafly Southwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
People
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 Tenafly Southwest 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 highly educated executives and families with school-aged children.
In addition, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 83.5% of the adults living in the Tenafly Southwest neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 98.7% of U.S. neighborhoods. In this way, this neighborhood truly stands out.
Also, 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 Tenafly Southwest neighborhood is wealthier than 98.6% 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.
Finally, astoundingly, NeighborhoodScout's research reveals that this single neighborhood has a higher concentration of married couples living here than 97.3% of all U.S. neighborhoods. Whether they have school-aged children or not, married couples are the rule in the Tenafly Southwest neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests. But if you are single, you might not find many other singles here.
Modes of Transportation
If you like to ride a ferry to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 2.0% of the Tenafly Southwest neighborhood's commuters ride a ferry to and from work each day, which is more than we found in 99.5% of America's neighborhoods.
Also, our research revealed that more commuters here take the bus to work (10.8% ride the bus) than 95.3% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.
Occupations
Executives, managers and professionals make up 73.7% of the workforce in the Tenafly Southwest neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 97.2% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Real Estate
One way that the Tenafly Southwest neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 96.7% 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 Tenafly Southwest neighborhood has more Ukrainian and Romanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.9% of this neighborhood's residents have Ukrainian ancestry and 1.8% have Romanian ancestry.
Tenafly Southwest is also pretty special linguistically. Significantly, 6.9% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 99.3% 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 Tenafly Southwest neighborhood in Tenafly 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 98.6% of the neighborhoods in America. In addition, 0.6% 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 79.9% 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 Tenafly Southwest neighborhood, 73.7% 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 16.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (6.8%), and 3.5% in government jobs, whether they are in local, state, or federal positions.
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 Tenafly Southwest neighborhood is English, spoken by 52.2% of households. Other important languages spoken here include Spanish, Korean, Chinese and Russian.
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 Tenafly Southwest neighborhood in Tenafly, NJ, residents most commonly identify their ethnicity or ancestry as Asian (24.4%). There are also a number of people of Italian ancestry (9.9%), and residents who report Polish roots (8.6%), and some of the residents are also of Dominican ancestry (8.1%), along with some Ukrainian ancestry residents (6.9%), among others. In addition, 28.9% 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 Tenafly Southwest neighborhood spend between 45 minutes and one hour commuting one-way to work (32.7% of working residents), longer and tougher than most commutes in America.
Here most residents (59.0%) 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 (11.9%) and 10.8% 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.
