Colts Neck South median real estate price is $1,181,057, which is more expensive than 92.8% of the neighborhoods in New Jersey and 93.4% of the neighborhoods in the U.S.
The average rental price in Colts Neck South is currently $5,058, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 94.5% of the neighborhoods in New Jersey.
Colts Neck South is a remote neighborhood (based on population density) located in Colts Neck, New Jersey.
Colts Neck South real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) townhomes and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Colts Neck South neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Colts Neck South, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Colts Neck South 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 Colts Neck, the Colts Neck South neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Renter-occupied real estate is dominant in the Colts Neck South neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 100.0%, which is higher than 99.3% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so. With a real estate vacancy rate of only 0.0%, the Colts Neck South neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
In addition, one way that the Colts Neck South neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.9% 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.
Furthermore, many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Colts Neck South neighborhood could be your paradise. With 83.3% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 0.1% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
Also of note, most neighborhoods are composed of a mixture of ages of homes, but the Colts Neck South stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 83.3% of the residential real estate here was built in this one time period.
Finally, uncrowded roads, rural America and space to be the individual you are. If you like these characteristics, this neighborhood may fit you. With just 27 residents per square mile, Colts Neck South is less crowded than 93.4% of all U.S. neighborhoods.
Of note is NeighborhoodScout's research finding that the Colts Neck South neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Colts Neck South community truly stands out from the rest in this regard.
In addition, some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 76.3% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 100.0% of U.S. neighborhoods, where the average American neighborhood has 13.7% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.
The Colts Neck South neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 100.0% of the neighborhoods in America. In fact, 100.0% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.
Furthermore, with 21.4% of employed workers living in the Colts Neck South neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 99.7% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
In the Colts Neck South neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 36.9% of commuters carpool here, which is more than in 99.6% of all U.S. neighborhoods.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Colts Neck South neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 62.8% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 96.9% of U.S. neighborhoods. Less time commuting means more time for other things in life.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the Colts Neck South neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.9% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Significantly, 9.1% of its residents five years old and above primarily speak Italian at home. While this may seem like a small percentage, it is higher than 97.5% of the neighborhoods in America.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Colts Neck South neighborhood in Colts Neck are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 71.4% of U.S. neighborhoods. In addition, 0.0% 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 100.0% 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 Colts Neck South neighborhood, 100.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is the military, with 21.4% of the residents employed.
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 Colts Neck South neighborhood is English, spoken by 66.1% of households. Other important languages spoken here include Spanish, Italian and Polish.
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 Colts Neck South neighborhood in Colts Neck, NJ, residents most commonly identify their ethnicity or ancestry as Irish (11.3%). There are also a number of people of Italian ancestry (9.1%), and residents who report Asian roots (5.2%), and some of the residents are also of Mexican ancestry (1.3%).
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 Colts Neck South neighborhood spend under 15 minutes commuting one-way to work (62.8% of working residents), one of the shortest commutes across America.
Here most residents (44.7%) 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 (36.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
