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Real Estate Prices & Overview

Red Bank Southwest median real estate price is $634,439, which is more expensive than 59.3% of the neighborhoods in New Jersey and 74.6% of the neighborhoods in the U.S.

The average rental price in Red Bank Southwest is currently $4,036, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 79.6% of the neighborhoods in New Jersey.

Red Bank Southwest is an urban neighborhood (based on population density) located in Red Bank, New Jersey. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Red Bank Southwest real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Red Bank Southwest neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

In Red Bank Southwest, the current vacancy rate is 2.0%, which is a lower rate of vacancies than 86.2% of all neighborhoods in the U.S. This means that the housing supply in Red Bank Southwest is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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.

Real Estate

Do you like a coastal setting? If so, this neighborhood may be to your liking. The Red Bank Southwest neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Red Bank Southwest is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

Diversity

Did you know that the Red Bank Southwest neighborhood has more Czechoslovakian and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.5% of this neighborhood's residents have Czechoslovakian ancestry and 2.4% have Eastern European ancestry.

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 Red Bank Southwest 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 61.2% of the neighborhoods in America. With 15.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 60.7% of U.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 Red Bank Southwest neighborhood, 40.1% 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 28.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (20.2%), and 10.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Red Bank Southwest neighborhood is English, spoken by 59.8% of households. Some people also speak Spanish (35.3%).

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 Red Bank Southwest neighborhood in Red Bank, NJ, residents most commonly identify their ethnicity or ancestry as Mexican (32.5%). There are also a number of people of Irish ancestry (9.5%), and residents who report German roots (9.3%), and some of the residents are also of Italian ancestry (6.9%), along with some Puerto Rican ancestry residents (3.6%), among others. In addition, 21.9% 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 Red Bank Southwest neighborhood spend between 15 and 30 minutes commuting one-way to work (32.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (64.9%) 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 (18.6%) and 6.4% of residents also hop out the door and walk to work 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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