Little Falls is a township located in Passaic County, New Jersey. The township is home to over 10,000 residents and is located just 15 miles from New York City. With a solid public school system, convenient transportation services and roadways, as well as a convenient location to NYC, many people are proud to call Little Falls their home. The housing market has been slightly affected by the housing crisis, as fewer homes have been sold than normal. That said, the area has retained its value rather well, with the median home value being $331,600, according to Zillow.
Approximately 99.7 percent of homes in Little Falls are single family, with the exception of a condo community. Homes are still selling, with 15 successful closings during the month of August. The majority of residents are homeowners, and there is a large mix of families that reside in the area. About half of residents are married couples, and a significant portion is families with children. The median income according to Wikipedia is $70,223.
What makes Little Falls an excellent place to live is that it has a rich history, high property values, low crime rates and it allows families to work in New York City, while living in a suburban community in Jersey. The old Morris Canal used to wind its way around the town, which provided trade and transportation years ago. Today, vestiges of it still remain.
For families with children, Little Falls is served by the Little Falls Township Public Schools. The district includes the following:
- Little Falls School No. 1, 5-8
- Little Falls School No. 2, K-2
- Little Falls School No. 3, 3-4
- Passaic Valley Regional High School, 9-12
Furthermore, most of Montclair State University is located in Little Falls.
As a new home buyer to Little Falls New Jersey, there is specific information to be familiar with that will help you ease into your new move. For most newcomers, having a source of transportation, options for childcare and schools and current tax rates are most important. We have the answers you need to make your transition to the beautiful Little Falls as smooth as possible.
What is the economy like in Little Falls?
Little Falls is consistent with the nation’s economy, having a nearly 12 percent unemployment rate and -0.69 percent job growth. These numbers actually fall below the nation, which is surprising in such an affluent neighborhood. Where Little Falls comes out on top is average salaries; the majority of residents make between 50 and 150K each year, with few people making less than 15K, compared to 12 percent of the American population at large. Little Falls brings in revenue from professional occupations, as well as management, financial and business operations. In other words, sales jobs and business offices are most abundant in the area as opposed to construction, farming or transportation as in other areas.
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To get around the area, U.S. Route 46, New Jersey Route 23, the Garden State Parkway and Interstate 80 are the major roadways to get around and out of town. The Little Falls and Montclair State University Stations offer train service, and there is bus transportation to the Port Authority Bus Terminal. Visit NJ Transit for more information on service availability. Little Falls is located 21 miles from Newark Liberty International Airport and 27 miles from LaGuardia Airport in Queens.
For more information on Little Falls, New Jersey visit their website: Little Falls