Monmouth Junction North median real estate price is $752,132, which is more expensive than 69.9% of the neighborhoods in New Jersey and 82.5% of the neighborhoods in the U.S.
The average rental price in Monmouth Junction North is currently $3,756, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 67.3% of the neighborhoods in New Jersey.
Monmouth Junction North is a suburban neighborhood (based on population density) located in Monmouth Junction, New Jersey.
Monmouth Junction North 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Monmouth Junction North neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
In Monmouth Junction North, the current vacancy rate is 2.8%, which is a lower rate of vacancies than 80.0% of all neighborhoods in the U.S. This means that the housing supply in Monmouth Junction North 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 Monmouth Junction, the Monmouth Junction North neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The Monmouth Junction North 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 86.9% 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.
In addition, 88.2% of the real estate in the Monmouth Junction North neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Monmouth Junction North neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Monmouth Junction North neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 11.0% 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 96.7% of all neighborhoods in America.
Did you know that the Monmouth Junction North neighborhood has more Asian and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 45.4% of this neighborhood's residents have Asian ancestry and 2.1% have Hungarian ancestry.
Monmouth Junction North is also pretty special linguistically. Significantly, 16.1% 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 99.8% 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 Monmouth Junction North neighborhood. What is interesting to note, is that the Monmouth Junction North neighborhood has a greater percentage of residents born in another country (48.9%) than are found in 97.2% of all U.S. neighborhoods.
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 Monmouth Junction North neighborhood in Monmouth Junction are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 79.4% of the neighborhoods in America. With 17.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 66.6% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Monmouth Junction North neighborhood, 65.2% 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 14.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (11.7%), and 8.3% 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 Monmouth Junction North neighborhood is English, spoken by 39.0% of households. Other important languages spoken here include Langs. of India, Spanish and Arabic.
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 Monmouth Junction North neighborhood in Monmouth Junction, NJ, residents most commonly identify their ethnicity or ancestry as Asian (45.4%). There are also a number of people of Arab ancestry (3.3%), and residents who report Irish roots (3.3%), and some of the residents are also of Dominican ancestry (3.3%), along with some Italian ancestry residents (3.1%), among others. In addition, 48.9% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Monmouth Junction North neighborhood spend between 15 and 30 minutes commuting one-way to work (36.9% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (11.0%) who commute over an hour in each direction.
Here most residents (68.6%) 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 (5.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.