How Much Is My House, Home or Condo Worth? Property Values in Fanwood | Latest Listing

Fanwood is a borough in Union County, New Jersey, United States. As of the 2010 United States Census, the borough's population was 7,318 reflecting an increase of 144 (+2.0%) from the 7,174 counted in the 2000 Census, which had in turn increased by 59 (+0.8%) from the 7,115 counted in the 1990 Census.

Fanwood was incorporated as a borough by an act of the New Jersey Legislature on October 2, 1895, from portions of Fanwood Township (now known as Scotch Plains), based on the results of a referendum held the previous day. The borough was named for Fannie Wood, an author.

Geography

According to the United States Census Bureau, the borough had a total area of 1.34 square miles (3.47  km² ), all of which was land.

The borough is bordered by Plainfield in the southwest and by Scotch Plains in all other directions.

Demographics

Census 2010

The Census Bureau's 2006-2010 American Community Survey showed that (in 2010 inflation-adjusted dollars) median household income was $127,450 (with a margin of error of +/- $8,852) and the median family income was $135,833 (+/- $6,654). Males had a median income of $92,262 (+/- $13,007) versus $62,845 (+/- $6,933) for females. The per capita income for the borough was $43,194 (+/- $2,939). About 0.6% of families and 2.2% of the population were below the poverty line, including none of those under age 18 and 2.8% of those age 65 or over.

Census 2000

As of the 2000 United States Census there were 7,174 people, 2,574 households, and 2,054 families residing in the borough. The population density was 5,363.4 people per square mile (2,067.1/km² ). There were 2,615 housing units at an average density of 1,955.0 per square mile (753.5/km² ). The racial makeup of the borough was 88.30% White, 5.14% African American, 0.10% Native American, 4.39% Asian, 0.03% Pacific Islander, 0.79% from other races, and 1.24% from two or more races. Hispanic or Latino of any race were 3.74% of the population. Among Fanwood residents, 23.2% identified as being of Italian ancestry, 23.0% as being of Irish ancestry and 20.6% as having German ancestry.

There were 2,574 households, out of which 38.5% had children under the age of 18 living with them, 70.0% were married couples living together, 7.7% had a female householder with no husband present, and 20.2% were non-families. 18.0% of all households were made up of individuals, and 10.0% had someone living alone who was 65 years of age or older. The average household size was 2.76 and the average family size was 3.13.

In the borough the population was spread out, with 25.8% under the age of 18, 4.5% from 18 to 24, 31.3% from 25 to 44, 23.8% from 45 to 64, and 14.7% who were 65 years of age or older. The median age was 39 years. For every 100 females, there were 91.2 males. For every 100 females age 18 and over, there were 87.9 males.

The median income for a household in the borough was $85,233, and the median income for a family was $99,232. Males had a median income of $65,519 versus $40,921 for females. The per capita income for the borough was $34,804. About 1.6% of families and 3.4% of the population were below the poverty line, including 2.6% of those under age 18 and 6.5% of those age 65 or over.

Economy

In 2014 Fanwood was recipient of a 2014 New Jersey Future Smart Growth Award for its downtown development plan.

Government

Local government

Fanwood is governed under the Borough form of New Jersey municipal government, which is used in 218 municipalities (of the 565) statewide, making it the most common form of government in New Jersey. The governing body is comprised of the Mayor and the Borough Council, with all positions elected at-large on a partisan basis as part of the November general election. The Mayor is elected directly by the voters to a four-year term of office. The Borough Council is comprised of six members elected to serve three-year terms on a staggered basis, with two seats coming up for election each year in a three-year cycle. The Borough form of government used by Fanwood is a "weak mayor / strong council" government in which council members act as the legislative body with the mayor presiding at meetings and voting only in the event of a tie. The mayor can veto ordinances subject to an override by a two-thirds majority vote of the council. The mayor makes committee and liaison