Stephenville / Arrowhead Park median real estate price is $1,051,800, which is more expensive than 86.7% of the neighborhoods in New Jersey and 90.2% of the neighborhoods in the U.S.
The average rental price in Stephenville / Arrowhead Park is currently $4,293, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 86.5% of the neighborhoods in New Jersey.
Stephenville / Arrowhead Park is a suburban neighborhood (based on population density) located in Edison, New Jersey.
Stephenville / Arrowhead Park 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 Stephenville / Arrowhead Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Stephenville / Arrowhead Park, the current vacancy rate is 2.9%, which is a lower rate of vacancies than 80.0% of all neighborhoods in the U.S. This means that the housing supply in Stephenville / Arrowhead Park is very tight compared to the demand for property here.
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.
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 0.8% of America's neighborhoods are wealthier than the Stephenville / Arrowhead Park 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. As one would expect in a considerably wealthy neighborhood such as this, Stephenville / Arrowhead Park also has one of the lowest ratings of child poverty in the nation.
In addition, think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the Stephenville / Arrowhead Park neighborhood: a neighborhood in which more "urban sophisticates" live than 97.5% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. 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.
Also, 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 37.6% 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 96.0% of U.S. neighborhoods, where the average American neighborhood has 13.7% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.
One way that the Stephenville / Arrowhead Park neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.0% 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.
In addition, owner-occupied real estate dominates the Stephenville / Arrowhead Park neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 98.9% of neighborhoods in America.
Furthermore, the Stephenville / Arrowhead Park 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 97.0% 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 95.0% of all neighborhoods in America.
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Stephenville / Arrowhead Park neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Stephenville / Arrowhead Park neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 15.9% 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 98.9% of all neighborhoods in America.
A unique way of commuting is simply not to. And in the Stephenville / Arrowhead Park neighborhood, analysis shows that 33.3% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 96.8% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.
Also, in the Stephenville / Arrowhead Park neighborhood, 10.3% of people ride the train 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 train ridership than in 95.5% of the neighborhoods in America.
Executives, managers and professionals make up 71.5% of the workforce in the Stephenville / Arrowhead Park neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 95.8% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Did you know that the Stephenville / Arrowhead Park neighborhood has more Asian and Portuguese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 56.4% of this neighborhood's residents have Asian ancestry and 2.6% have Portuguese ancestry.
Stephenville / Arrowhead Park is also pretty special linguistically. Significantly, 21.2% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 99.9% of the neighborhoods in America.
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 Stephenville / Arrowhead Park neighborhood in Edison 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 99.2% 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 Stephenville / Arrowhead Park neighborhood, 71.5% 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 12.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.0%), and 4.2% in manufacturing and laborer 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 Stephenville / Arrowhead Park neighborhood is English, spoken by 48.6% of households. Other important languages spoken here include Langs. of India and Chinese.
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 Stephenville / Arrowhead Park neighborhood in Edison, NJ, residents most commonly identify their ethnicity or ancestry as Asian (56.4%). There are also a number of people of German ancestry (9.1%), and residents who report Italian roots (8.8%), and some of the residents are also of Irish ancestry (5.2%), along with some Polish ancestry residents (4.1%), among others. In addition, 39.9% of the residents of this neighborhood were born in another country.
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 Stephenville / Arrowhead Park neighborhood spend under 15 minutes commuting one-way to work (22.6% of working residents), one of the shortest commutes across America. However, there is also a significant group of residents (15.9%) who commute over an hour in each direction.
Here most residents (51.2%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (10.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
