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Real Estate Prices & Overview

The Esplanade / Deal Lake Towers median real estate price is $592,779, which is more expensive than 54.4% of the neighborhoods in New Jersey and 70.9% of the neighborhoods in the U.S.

The average rental price in The Esplanade / Deal Lake Towers is currently $2,844, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 60.3% of New Jersey neighborhoods.

The Esplanade / Deal Lake Towers is a densely urban neighborhood (based on population density) located in Asbury Park, New Jersey. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

The Esplanade / Deal Lake Towers real estate is primarily made up of small (studio to two bedroom) to large (four, five or more 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 The Esplanade / Deal Lake Towers 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.

Vacant apartments or homes are a major fact of life in The Esplanade / Deal Lake Towers. The current real estate vacancy rate here is 17.9%. This is higher than the rate of vacancies in 83.6% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (12.8%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

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 The Esplanade / Deal Lake Towers 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, The Esplanade / Deal Lake Towers 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, the The Esplanade / Deal Lake Towers 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 92.1% 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.

People

Of note is NeighborhoodScout's research finding that the The Esplanade / Deal Lake Towers 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 The Esplanade / Deal Lake Towers community truly stands out from the rest in this regard.

In addition, the types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 64.7%. This is a higher percent living alone than we found in 99.4% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.

Modes of Transportation

In the The Esplanade / Deal Lake Towers neighborhood, 0.9% of people ride a ferry to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of ferry ridership than in 98.9% of the neighborhoods in America.

Length of Commute

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 The Esplanade / Deal Lake Towers neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 13.1% 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 97.8% of all neighborhoods in America.

Diversity

Did you know that the The Esplanade / Deal Lake Towers neighborhood has more French Canadian and Polish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.6% of this neighborhood's residents have French Canadian ancestry and 13.4% have Polish 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 The Esplanade / Deal Lake Towers neighborhood in Asbury Park are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 57.1% 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 The Esplanade / Deal Lake Towers neighborhood, 54.1% 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 23.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (11.9%), and 10.1% in manufacturing and laborer occupations.

Languages

The most common language spoken in the The Esplanade / Deal Lake Towers neighborhood is English, spoken by 91.0% of households. Some people also speak Spanish (5.3%).

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 The Esplanade / Deal Lake Towers neighborhood in Asbury Park, NJ, residents most commonly identify their ethnicity or ancestry as Italian (22.2%). There are also a number of people of Irish ancestry (19.3%), and residents who report German roots (16.2%), and some of the residents are also of Polish ancestry (13.4%), along with some French Canadian ancestry residents (7.6%), among others.

Getting to Work

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 The Esplanade / Deal Lake Towers neighborhood spend under 15 minutes commuting one-way to work (29.2% of working residents), one of the shortest commutes across America. However, there is also a significant group of residents (13.1%) who commute over an hour in each direction.

Here most residents (64.3%) 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 (6.8%) . 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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