[New Jersey Town] Ridgewood

Hello, I’m Sarah Chung, a realtor based in New Jersey.

Today, I’d like to introduce Ridgewood, a prestigious residential area located in northeastern New Jersey.

Overview of Ridgewood: A Blend of Classic Charm and Modern Convenience

Ridgewood is a town with a long history, located about 20 miles from New York City in Bergen County, New Jersey. It is one of the most sought-after residential areas in the state, boasting convenient commuting to New York, top-tier school districts, and a rich cultural and historical background.

The downtown area of Ridgewood is filled with various shops, restaurants, and cafes, offering residents a convenient lifestyle. The classic architecture and well-maintained streets contribute to the town’s luxurious image.

 

Economic Status of Ridgewood

Ridgewood is known for having one of the highest income levels in New Jersey. As of 2024, the median household income in Ridgewood is around $190,000, significantly above the state average. The town is home to many high-income professionals, reflecting its economic stability and affluence.

 

Transportation in Ridgewood

Ridgewood offers excellent public transportation options to New York City. You can take the NJ Transit train from Ridgewood to New York Penn Station, with a travel time of 45 minutes to 1 hour. Trains run daily, with frequent services during weekdays (every 30 minutes to an hour). Additionally, NJ Transit buses provide service to New York City.

 

Ridgewood Schools & Educational Environment

Ridgewood is renowned for its excellent school system, primarily consisting of public schools, from elementary to high school. The students in Ridgewood tend to achieve high academic performance, and the quality of education is outstanding, often yielding strong SAT scores.

• Elementary Schools:
  • Ridge Elementary School
  • Hawes Elementary School
  • Orchard Elementary School
  • Travell Elementary School

These schools offer a traditional education model while integrating the latest educational trends and technologies to provide an optimal learning environment.

• Middle School:
  • Ridgewood Middle School focuses on holistic student development through various subjects and extracurricular activities. The school emphasizes problem-solving skills through project-based learning (PBL).
• High School:
  • Ridgewood High School ranks in the top 5% of high schools in the U.S., offering a wide range of AP courses and boasting an impressive college admission rate. Its STEM education programs are also highly regarded nationwide.

For more information about the school district, you can visit GreatSchools.

 

Ridgewood Real Estate Market Trends

• Home Prices:
  As of 2024, the median home price in Ridgewood is approximately $900,000, remaining one of the highest in New Jersey. The market is stable, with strong demand for larger homes with four or more bedrooms.
• Inventory and Sales Speed:
  Ridgewood's housing inventory is relatively limited, with an average market duration of around 35 days, indicating a seller-friendly market.
• Rental Market:
  The rental market is also stable, with average rents for a two-bedroom apartment exceeding $3,000 per month. Ridgewood is particularly popular among professionals commuting to New York City.

Ridgewood's Natural Environment

Ridgewood boasts abundant green spaces and parks, offering residents plenty of places to relax and engage in outdoor activities. The town is also home to well-maintained walking and biking trails, making it ideal for those who love nature and seek a healthy lifestyle.

 

Population of Ridgewood

According to the 2020 U.S. Census, Ridgewood’s population is 25,979, reflecting an increase of 1,121 from the 2010 Census. From the 2015-2019 American Community Survey data, there are about 8,300 households in Ridgewood, with an average household size of 3.01 people. About 96.8% of households own a computer, and 96.5% of residents aged 25 and older have graduated from high school, with 76.0% holding a bachelor’s degree. The population is 78.8% White, 15.5% Asian, 7.9% Hispanic or Latino, and 1.2% Black or African American.

Investment Outlook

Ridgewood’s real estate market is expected to continue its steady growth. Its top-tier school system, proximity to New York City, and safe, pleasant living environment make Ridgewood a highly desirable area for long-term investment.

• Downtown Redevelopment Plan:
  Ridgewood’s downtown area is undergoing a commercial district revitalization project, which is expected to contribute to rising property values in the future.
• Growing Demand for Eco-Friendly Homes:
  There is a growing interest in energy-efficient homes among Ridgewood residents, leading to increased demand for new and remodeled homes.
• Growth of the Korean Community:
  With the growing Korean population, demand for specific types of homes and commercial properties is rising, presenting promising investment opportunities.

Conclusion

Ridgewood is a premium residential area offering a stable community, excellent educational environment, convenient transportation, and a high quality of life. As of 2024, Ridgewood’s real estate market continues to grow, and the area is regarded as a high-value, long-term investment location. The growing Korean community adds diversity and vitality to the area, positively impacting the real estate market.

If you’re looking for professional, friendly, and personalized service, feel free to contact me, Sarah Chung.

I always approach my work with care, kindness, and attention to detail, as if it were my own.

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