Most Expensive Chatham Neighborhoods
Chatham is a somewhat small borough located in the state of New Jersey. With a population of 9,022 people and four constituent neighborhoods, Chatham is the 221st largest community in New Jersey.
Chatham home prices are not only among the most expensive in New Jersey, but Chatham real estate also consistently ranks among the most expensive in America.
Chatham is a decidedly white-collar borough, with fully 93.84% of the workforce employed in white-collar jobs, well above the national average. Overall, Chatham is a borough of managers, professionals and sales and office workers. There are especially a lot of people living in Chatham who work in management occupations (23.21%), sales jobs (13.47%) and business and financial occupations (10.68%).
Of important note, Chatham is also a borough of artists. Chatham has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Chatham’s character.
Also of interest is that Chatham has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Chatham telecommute to their jobs. Overall, about 7.61% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Chatham is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
Because of many things, Chatham is a great place for families with children to consider. First of all, many other families with children live here, making Chatham a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The borough’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Chatham has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Chatham’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
One downside of living in Chatham is that it can take a long time to commute to work. In Chatham, the average commute to work is 34.04 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the borough, so leaving the car at home and taking transit is often a viable alternative.
Despite being a small borough, Chatham has a lot of people using the train to get to and from work every day. Most of these people on the train are using it to get to good jobs in other cities.
If knowledge is power, Chatham is a pretty powerful place. 74.14% of the adults in Chatham have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Chatham in 2010 was $70,315, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $281,260 for a family of four.
The people who call Chatham home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Chatham residents report their race to be White, followed by Asian. Important ancestries of people in Chatham include Irish, Italian, German, English, Polish and Swedish.
The most common language spoken in Chatham is English. Some people also speak Spanish.
|NUMBER OF HOMES AND APARTMENTS||2,895|
|CHATHAM HOME OWNERSHIP|
|% OWNER OCCUPIED||78.03%|
|% RENTER OCCUPIED||21.97%|
|TYPE OF CHATHAM HOMES|
|SINGLE FAMILY DETACHED||77.94%|
|ROWHOUSES AND ATTACHED HOMES||0.91%|
|SMALL APARTMENT BUILDINGS||10.25%|
|COMPLEXES OR HIGH RISE APARTMENTS||10.90%|
|SIZE OF CHATHAM HOMES|
|5 OR MORE BEDROOMS||7.72%|
|AGE OF CHATHAM HOMES|
|NEWER HOMES (2000 OR LATER)||1.46%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||10.44%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||47.91%|
|HISTORIC (1939 OR BEFORE)||40.19%|
|CHATHAM REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$731,084|
|MEDIAN RENTAL PRICE||$1,772|
|HOME VALUE RANGE|
|$0 - $52,000||0.62%|
|$52,001 - $104,000||0.00%|
|$104,001 - $207,000||0.00%|
|$207,001 - $311,000||0.70%|
|$311,001 - $414,000||5.41%|
|$414,001 - $518,000||6.60%|
|$518,001 - $777,000||41.82%|
|$777,001 - $1,036,000||24.27%|
|PEOPLE OF CHATHAM||DETAILS|
|UNDER 5 YEARS||7.39%|
|5 TO 17||24.86%|
|18 TO 24||5.50%|
|25 TO 34||9.07%|
|35 TO 54||33.42%|
|55 TO 64||9.96%|
|65 YEARS AND OVER||9.81%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||97.06%|
|MEDIAN HOUSEHOLD INCOME||$144,179|
|PER CAPITA INCOME||$70,315|
|INDIVIDUALS BELOW POVERTY LEVEL||2.02%|
|INDUSTRIES PEOPLE WORK IN||Finance (19.70%)
Professional, scientific, and technical services (14.26%)
Information Technology (3.68%)
Real estate (3.47%)
Public Service (2.21%)
|BLACK OR AFRICAN AMERICAN||0.90%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.11%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||0.21%|
|TWO OR MORE RACES||2.33%|
|HISPANIC OR LATINO (OF ANY RACE)||6.92%|
|ETHNICITIES PRESENT||Irish (32.61%)
|LANGUAGES SPOKEN||English (84.91%)
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