Blackwood Terrace median real estate price is $421,434, which is less expensive than 76.0% of New Jersey neighborhoods and 44.3% of all U.S. neighborhoods.
The average rental price in Blackwood Terrace is currently $3,408, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 64.5% of the neighborhoods in New Jersey.
Blackwood Terrace is a suburban neighborhood (based on population density) located in Woodbury, New Jersey.
Blackwood Terrace 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 Blackwood Terrace neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Blackwood Terrace, the current vacancy rate is 2.9%, which is a lower rate of vacancies than 80.0% of all neighborhoods in the U.S. This means that the housing supply in Blackwood Terrace 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 Woodbury, the Blackwood Terrace neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Blackwood Terrace neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 96.6% of all American neighborhoods.
According to NeighborhoodScout's research, Blackwood Terrace is better suited for first-time home buyers than 85.7% of neighborhoods in the state. Most homes here are priced below the state's median house value, yet maintain comparably good appreciation rates over the last decade relative to other neighborhoods in New Jersey. Along with an exclusive multi-metric measure of neighborhood quality developed by NeighborhoodScout that scores high here in this neighborhood, this means that buying into the neighborhood is not only an accessible option but considered a decent first time home buyer choice for building equity in your first home, while being in a quality neighborhood In addition to being an excellent choice for first-time home buyers, this neighborhood is also a very good choice for urban sophisticates.
Did you know that the Blackwood Terrace neighborhood has more Lithuanian and Italian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.8% of this neighborhood's residents have Lithuanian ancestry and 22.6% have Italian ancestry.
Blackwood Terrace is also pretty special linguistically. Significantly, 2.9% 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 95.7% 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 Blackwood Terrace neighborhood in Woodbury 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 89.3% of the neighborhoods in America. With 11.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 52.8% of U.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 Blackwood Terrace neighborhood, 49.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 18.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.2%), and 15.6% in clerical, assistant, and tech support 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 Blackwood Terrace neighborhood is English, spoken by 85.7% of households. Other important languages spoken here include Spanish and Tagalog (the first language of the Philippine region).
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 Blackwood Terrace neighborhood in Woodbury, NJ, residents most commonly identify their ethnicity or ancestry as Irish (25.8%). There are also a number of people of Italian ancestry (22.6%), and residents who report German roots (17.6%), and some of the residents are also of English ancestry (9.1%), along with some Asian ancestry residents (8.8%), among others.
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 Blackwood Terrace neighborhood spend between 30 and 45 minutes commuting one-way to work (35.8% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (72.0%) 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 (9.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.