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Real Estate Prices & Overview

Benders Corner / Stony Hill median real estate price is $895,274, which is more expensive than 89.1% of the neighborhoods in New Jersey and 90.0% of the neighborhoods in the U.S.

The average rental price in Benders Corner / Stony Hill is currently $6,547, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 99.0% of the neighborhoods in New Jersey.

Benders Corner / Stony Hill is a suburban neighborhood (based on population density) located in Berkeley Heights, New Jersey.

Benders Corner / Stony Hill 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 Benders Corner / Stony Hill neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Benders Corner / Stony Hill, the current vacancy rate is 1.6%, which is a lower rate of vacancies than 88.6% of all neighborhoods in the U.S. This means that the housing supply in Benders Corner / Stony Hill is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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 Berkeley Heights, the Benders Corner / Stony Hill neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

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 Benders Corner / Stony Hill neighborhood is wealthier than 98.9% 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, Benders Corner / Stony Hill also has one of the lowest ratings of child poverty in the nation.

In addition, astoundingly, NeighborhoodScout's research reveals that this single neighborhood has a higher concentration of married couples living here than 97.9% of all U.S. neighborhoods. Whether they have school-aged children or not, married couples are the rule in the Benders Corner / Stony Hill neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests. But if you are single, you might not find many other singles here.

Also, if you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the Benders Corner / Stony Hill neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 97.2% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the Benders Corner / Stony Hill neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for families with school-aged children and highly educated executives.

Finally, some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 35.7% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 95.3% of U.S. neighborhoods, where the average American neighborhood has 13.4% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.

Occupations

Executives, managers and professionals make up 78.2% of the workforce in the Benders Corner / Stony Hill neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 98.7% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Real Estate

One way that the Benders Corner / Stony Hill neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 96.5% 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.

Diversity

Did you know that the Benders Corner / Stony Hill neighborhood has more Cuban and Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.3% of this neighborhood's residents have Cuban ancestry and 1.1% have Austrian ancestry.

Benders Corner / Stony Hill is also pretty special linguistically. Significantly, 6.3% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 99.0% of the neighborhoods in America.

The Neighbors

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 Benders Corner / Stony Hill neighborhood in Berkeley Heights 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 98.9% 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.

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 Benders Corner / Stony Hill neighborhood, 78.2% 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 11.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (5.5%), and 4.9% 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 Benders Corner / Stony Hill neighborhood is English, spoken by 70.3% of households. Other important languages spoken here include Spanish, Chinese, Arabic and Langs. of India.

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 Benders Corner / Stony Hill neighborhood in Berkeley Heights, NJ, residents most commonly identify their ethnicity or ancestry as Italian (17.4%). There are also a number of people of Asian ancestry (14.5%), and residents who report German roots (10.7%), and some of the residents are also of Irish ancestry (9.3%), along with some English ancestry residents (7.2%), among others. In addition, 21.1% 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 Benders Corner / Stony Hill neighborhood spend between 30 and 45 minutes commuting one-way to work (32.1% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (67.0%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (7.1%) . 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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