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Real Estate Prices & Overview

Diamond Beach median real estate price is $518,469, which is more expensive than 51.1% of the neighborhoods in New Jersey and 70.0% of the neighborhoods in the U.S.

The average rental price in Diamond Beach is currently $2,769, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 62.8% of New Jersey neighborhoods.

Diamond Beach is a suburban neighborhood (based on population density) located in Wildwood, New Jersey. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Diamond Beach real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Diamond Beach neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Diamond Beach. The current real estate vacancy rate here is 62.2%. This is higher than the rate of vacancies in 99.4% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (59.1%). 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

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 Wildwood, the Diamond Beach neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Diamond Beach is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, Diamond Beach 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, despite all of the residential real estate here in the Diamond Beach neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 62.2%, which is higher than 99.4% of all U.S. neighborhoods.

Furthermore, many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Diamond Beach neighborhood could be your paradise. With 27.9% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 3.7% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

People

If you are planning to retire in New Jersey, this neighborhood should be on your must-see list. For many reasons, Diamond Beach 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 97.0% 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, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Diamond Beach neighborhood may actually hold the key. 66.9% of its residents are married, which is a higher percentage than is found in 95.5% of the neighborhoods in America.

Diversity

Did you know that the Diamond Beach neighborhood has more Irish and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 32.1% of this neighborhood's residents have Irish ancestry and 5.5% have Arab ancestry.

Diamond Beach is also pretty special linguistically. Significantly, 5.9% 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 98.9% of the neighborhoods in America.

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 Diamond Beach neighborhood in Wildwood are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 72.7% of the neighborhoods in America. With 12.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 53.8% 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 Diamond Beach neighborhood, 43.8% 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 22.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (20.2%), and 11.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Diamond Beach neighborhood is English, spoken by 90.2% of households. Some people also speak Arabic (5.9%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Diamond Beach neighborhood in Wildwood, NJ, residents most commonly identify their ethnicity or ancestry as Irish (32.1%). There are also a number of people of German ancestry (26.8%), and residents who report Italian roots (17.7%), and some of the residents are also of Polish ancestry (10.5%), along with some Arab ancestry residents (5.5%), 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 Diamond Beach neighborhood spend between 15 and 30 minutes commuting one-way to work (45.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (83.0%) 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 (13.3%) . 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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