Median real estate price in the Borough Center of Matawan is $589,738, which is more expensive than 52.1% of the neighborhoods in New Jersey and 73.1% of the neighborhoods in the U.S.
The average rental price in Matawan Borough Center is currently $3,468, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 62.6% of the neighborhoods in New Jersey.
Matawan Borough Center is a suburban neighborhood (based on population density) located in Matawan, New Jersey.
Real estate in the Borough Center of Matawan, NJ is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Borough Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Matawan Borough Center are 5.8%, which is lower than one will find in 61.0% of American neighborhoods. Demand for real estate in Matawan Borough Center is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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 Matawan, the Borough Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Did you know that the Matawan Borough Center neighborhood has more Hungarian and Italian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.5% of this neighborhood's residents have Hungarian ancestry and 17.6% have Italian ancestry.
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 Borough Center neighborhood in Matawan are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 84.0% of the neighborhoods in America. In addition, 6.9% 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 58.9% 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 Matawan Borough Center neighborhood, 38.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 23.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (22.9%), 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 Matawan Borough Center neighborhood is English, spoken by 88.1% of households. Other important languages spoken here include Spanish and Langs. of India.
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 Borough Center neighborhood in Matawan, NJ, residents most commonly identify their ethnicity or ancestry as Irish (19.7%). There are also a number of people of Italian ancestry (17.6%), and residents who report German roots (9.6%), and some of the residents are also of Polish ancestry (6.0%), along with some English ancestry residents (5.9%), among others. In addition, 16.1% of the residents of this neighborhood were born in another country.
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 Matawan Borough Center neighborhood spend between 15 and 30 minutes commuting one-way to work (42.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (71.3%) 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 (11.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.