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Real Estate Prices & Overview

Deauville Towers / Borough Center median real estate price is $894,005, which is more expensive than 82.6% of the neighborhoods in New Jersey and 87.9% of the neighborhoods in the U.S.

The average rental price in Deauville Towers / Borough Center is currently $6,290, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 96.9% of the neighborhoods in New Jersey.

Deauville Towers / Borough Center is a densely urban neighborhood (based on population density) located in Fort Lee, New Jersey.

Deauville Towers / Borough Center real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Deauville Towers / Borough Center neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.

Deauville Towers / Borough Center has a 11.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 68.7% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

The real estate in the Deauville Towers / Borough Center neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 87.8% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.9% of American neighborhoods.

In addition, the Deauville Towers / Borough Center neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 86.7% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Furthermore, renter-occupied real estate is dominant in the Deauville Towers / Borough Center neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 88.5%, which is higher than 96.4% 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.

Also of note, homes built from 2000 through today make up a higher proportion of the Deauville Towers / Borough Center neighborhood's real estate landscape than 95.6% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 72.0% of the residential real estate here is classified as newer.

Occupations

Executives, managers and professionals make up 76.0% of the workforce in the Deauville Towers / Borough Center neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 97.7% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 97.4% of U.S. neighborhoods.

People

Do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 77.6% of the adults living in the Deauville Towers / Borough Center neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 96.7% of U.S. neighborhoods. In this way, this neighborhood truly stands out.

Diversity

Did you know that the Deauville Towers / Borough Center neighborhood has more Asian and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 62.0% of this neighborhood's residents have Asian ancestry and 5.1% have Russian ancestry.

Deauville Towers / Borough Center is also pretty special linguistically. Significantly, 16.2% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 100.0% of the neighborhoods in America.

Migration / Stability

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. What is interesting to note, is that the Deauville Towers / Borough Center neighborhood has a greater percentage of residents born in another country (54.2%) than are found in 98.3% of all U.S. neighborhoods.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Deauville Towers / Borough Center neighborhood in Fort Lee are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 84.7% of the neighborhoods in America. In addition, 5.0% 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 63.7% 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 Deauville Towers / Borough Center neighborhood, 76.0% 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 15.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (5.6%), and 2.8% in manufacturing and laborer occupations.

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 Deauville Towers / Borough Center neighborhood is English, spoken by 32.6% of households. Other important languages spoken here include Korean, Japanese, Spanish and Chinese.

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 Deauville Towers / Borough Center neighborhood in Fort Lee, NJ, residents most commonly identify their ethnicity or ancestry as Asian (62.0%). There are also a number of people of Russian ancestry (5.1%), and residents who report Italian roots (4.8%), and some of the residents are also of Irish ancestry (3.1%), along with some Polish ancestry residents (2.6%), among others. In addition, 54.2% of the residents of this neighborhood were born in another country.

Getting to Work

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 Deauville Towers / Borough Center neighborhood spend between 45 minutes and one hour commuting one-way to work (40.4% of working residents), longer and tougher than most commutes in America.

Here most residents (46.5%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (14.1%) and 7.8% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.

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