Cherry Creek / Cedar Ridge Estates median real estate price is $836,853, which is more expensive than 77.8% of the neighborhoods in New Jersey and 86.1% of the neighborhoods in the U.S.
The average rental price in Cherry Creek / Cedar Ridge Estates is currently $3,090, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 64.3% of New Jersey neighborhoods.
Cherry Creek / Cedar Ridge Estates is a suburban neighborhood (based on population density) located in Matawan, New Jersey.
Cherry Creek / Cedar Ridge Estates real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Cherry Creek / Cedar Ridge Estates 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 Cherry Creek / Cedar Ridge Estates, 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 Cherry Creek / Cedar Ridge Estates is very tight compared to the demand for property here.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Owner-occupied real estate dominates the Cherry Creek / Cedar Ridge Estates neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 96.6% of neighborhoods in America. With a real estate vacancy rate of only 0.0%, the Cherry Creek / Cedar Ridge Estates 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 Cherry Creek / Cedar Ridge Estates neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.4% 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.
Wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the Cherry Creek / Cedar Ridge Estates neighborhood is wealthier than 98.0% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood. As one would expect in a considerably wealthy neighborhood such as this, Cherry Creek / Cedar Ridge Estates also has one of the lowest ratings of child poverty in the nation.
In addition, according to NeighborhoodScout's exclusive analysis, Cherry Creek / Cedar Ridge Estates is among the best neighborhoods for families in New Jersey. In fact, this neighborhood is more family-friendly than 95.4% of neighborhoods in the entire state of New Jersey. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Cherry Creek / Cedar Ridge Estates neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for urban sophisticates and highly educated executives.
Also, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Cherry Creek / Cedar Ridge Estates neighborhood may actually hold the key. 68.7% of its residents are married, which is a higher percentage than is found in 95.3% of the neighborhoods in America.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Cherry Creek / Cedar Ridge Estates neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 22.3% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 99.7% of all neighborhoods in America.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 9.8% of the Cherry Creek / Cedar Ridge Estates neighborhood's commuters ride the train to and from work each day, which is more than we found in 95.6% of America's neighborhoods.
Did you know that the Cherry Creek / Cedar Ridge Estates neighborhood has more Italian and Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 32.3% of this neighborhood's residents have Italian ancestry and 24.1% have Irish ancestry.
Cherry Creek / Cedar Ridge Estates is also pretty special linguistically. Significantly, 6.6% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 98.3% of the neighborhoods in America.
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Cherry Creek / Cedar Ridge Estates neighborhood. More residents of the Cherry Creek / Cedar Ridge Estates neighborhood live here today that also were living in this same neighborhood five years ago than is found in 95.4% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.
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 Cherry Creek / Cedar Ridge Estates neighborhood in Matawan are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 98.0% of the neighborhoods in America. 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 Cherry Creek / Cedar Ridge Estates neighborhood, 54.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 19.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.1%), and 9.5% in clerical, assistant, and tech support 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 Cherry Creek / Cedar Ridge Estates neighborhood is English, spoken by 67.6% of households. Other important languages spoken here include Langs. of India 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 Cherry Creek / Cedar Ridge Estates neighborhood in Matawan, NJ, residents most commonly identify their ethnicity or ancestry as Italian (32.3%). There are also a number of people of Irish ancestry (24.1%), and residents who report Asian roots (23.3%), and some of the residents are also of German ancestry (3.2%), along with some Polish ancestry residents (2.8%), among others. In addition, 28.2% 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 Cherry Creek / Cedar Ridge Estates neighborhood spend between 45 minutes and one hour commuting one-way to work (36.6% of working residents), longer and tougher than most commutes in America.
Here most residents (58.2%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (9.8%) and 9.3% of residents also ride the bus 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.
