Hilltop Terrace / Elkridge median real estate price is $641,384, which is more expensive than 57.0% of the neighborhoods in New Jersey and 76.5% of the neighborhoods in the U.S.
The average rental price in Hilltop Terrace / Elkridge is currently $3,685, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 65.7% of the neighborhoods in New Jersey.
Hilltop Terrace / Elkridge is an urban neighborhood (based on population density) located in Red Bank, New Jersey.
Hilltop Terrace / Elkridge 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 Hilltop Terrace / Elkridge neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
In Hilltop Terrace / Elkridge, the current vacancy rate is 0.6%, which is a lower rate of vacancies than 92.1% of all neighborhoods in the U.S. This means that the housing supply in Hilltop Terrace / Elkridge is very tight compared to the demand for property here.
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.
Of note is NeighborhoodScout's research finding that the Hilltop Terrace / Elkridge 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 Hilltop Terrace / Elkridge community truly stands out from the rest in this regard.
In addition, if you are planning to retire in New Jersey, this neighborhood should be on your must-see list. For many reasons, Hilltop Terrace / Elkridge may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in New Jersey, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 95.2% of neighborhoods in NJ. If a New Jersey retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for urban sophisticates.
The Hilltop Terrace / Elkridge neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 97.7% of the neighborhoods in America. In fact, 76.1% 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.
Did you know that the Hilltop Terrace / Elkridge neighborhood has more Italian and Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 25.5% of this neighborhood's residents have Italian ancestry and 27.9% have Irish ancestry.
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 Hilltop Terrace / Elkridge neighborhood in Red Bank are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 64.2% 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 Hilltop Terrace / Elkridge neighborhood, 76.1% 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 16.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (4.4%), and 3.1% in manufacturing and laborer occupations.
The most common language spoken in the Hilltop Terrace / Elkridge neighborhood is English, spoken by 88.1% of households. Some people also speak Spanish (7.6%).
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 Hilltop Terrace / Elkridge neighborhood in Red Bank, NJ, residents most commonly identify their ethnicity or ancestry as Irish (27.9%). There are also a number of people of Italian ancestry (25.5%), and residents who report German roots (14.4%), and some of the residents are also of English ancestry (12.9%), along with some Mexican ancestry residents (8.2%), among others. In addition, 11.0% 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 Hilltop Terrace / Elkridge neighborhood spend under 15 minutes commuting one-way to work (39.9% of working residents), one of the shortest commutes across America.
Here most residents (62.9%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.