Rivers Edge / Waterloo median real estate price is $2,698,363, which is more expensive than 99.5% of the neighborhoods in New Jersey and 99.1% of the neighborhoods in the U.S.
The average rental price in Rivers Edge / Waterloo is currently $5,726, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 95.0% of the neighborhoods in New Jersey.
Rivers Edge / Waterloo is a rural neighborhood (based on population density) located in Rumson, New Jersey. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Rivers Edge / Waterloo real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Rivers Edge / Waterloo neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Rivers Edge / Waterloo, the current vacancy rate is 2.5%, which is a lower rate of vacancies than 81.5% of all neighborhoods in the U.S. This means that the housing supply in Rivers Edge / Waterloo 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 Rumson, the Rivers Edge / Waterloo neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Do you like a coastal setting? If so, this neighborhood may be to your liking. The Rivers Edge / Waterloo 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, Rivers Edge / Waterloo 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.
In addition, one way that the Rivers Edge / Waterloo neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.7% 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.
Furthermore, owner-occupied real estate dominates the Rivers Edge / Waterloo neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 99.1% of neighborhoods in America.
Also of note, the Rivers Edge / Waterloo neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 98.3% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 96.9% of all neighborhoods in America.
If you like to ride a ferry to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 7.8% of the Rivers Edge / Waterloo neighborhood's commuters ride a ferry to and from work each day, which is more than we found in 99.9% of America's neighborhoods.
Also, would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Rivers Edge / Waterloo neighborhood is a fantastic option for bicycle commuters, as 3.2% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 96.2% of the neighborhoods in America.
Finally, in the Rivers Edge / Waterloo neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 33.7% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 95.2% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
A majority of the adults in the Rivers Edge / Waterloo neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for New Jersey by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 99.7% of the neighborhoods in New Jersey. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children, urban sophisticates and active retirees.
In addition, if you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 0.7% of America's neighborhoods are wealthier than the Rivers Edge / Waterloo neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
Also, the rate of college educated adults in the Rivers Edge / Waterloo neighborhood is a unique characteristic of the neighborhood. 78.4% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 35.7% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 97.0% of all U.S. neighborhoods.
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 Rivers Edge / Waterloo neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 20.4% 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 99.6% of all neighborhoods in America.
Executives, managers and professionals make up 72.4% of the workforce in the Rivers Edge / Waterloo neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 96.1% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Did you know that the Rivers Edge / Waterloo neighborhood has more Italian and Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 31.2% of this neighborhood's residents have Italian ancestry and 2.1% have Austrian ancestry.
Rivers Edge / Waterloo is also pretty special linguistically. Significantly, 1.0% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 97.1% of the neighborhoods in America.
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 Rivers Edge / Waterloo neighborhood in Rumson 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 99.3% of the neighborhoods in America. In addition, 1.3% 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 77.4% of America'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 Rivers Edge / Waterloo neighborhood, 72.4% 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 14.9% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (7.5%), and 7.2% in manufacturing and laborer occupations.
Languages
The most common language spoken in the Rivers Edge / Waterloo neighborhood is English, spoken by 95.8% of households. Some people also speak Polish (5.9%).
Ethnicity / Ancestry
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 Rivers Edge / Waterloo neighborhood in Rumson, NJ, residents most commonly identify their ethnicity or ancestry as Italian (31.2%). There are also a number of people of Irish ancestry (17.0%), and residents who report German roots (11.5%), and some of the residents are also of English ancestry (6.3%), along with some Puerto Rican ancestry residents (3.2%), among others.
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 Rivers Edge / Waterloo neighborhood spend under 15 minutes commuting one-way to work (25.6% of working residents), one of the shortest commutes across America. However, there is also a significant group of residents (20.4%) who commute over an hour in each direction.
Here most residents (44.7%) drive alone in a private automobile to get to work. In addition, quite a number also ride a ferry to get to work (7.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
