Butterworth Farms median real estate price is $676,940, which is more expensive than 79.6% of the neighborhoods in New Jersey and 84.7% of the neighborhoods in the U.S.
The average rental price in Butterworth Farms is currently $3,958, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 85.7% of the neighborhoods in New Jersey.
Butterworth Farms is a suburban neighborhood (based on population density) located in Morristown, New Jersey.
Butterworth Farms real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Butterworth Farms neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Butterworth Farms, the current vacancy rate is 2.1%, which is a lower rate of vacancies than 87.0% of all neighborhoods in the U.S. This means that the housing supply in Butterworth Farms is very tight compared to the demand for property here.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
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 Butterworth Farms neighborhood: a neighborhood in which more "urban sophisticates" live than 97.7% 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 active retirees and highly educated executives.
In addition, 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 Butterworth Farms neighborhood is wealthier than 97.7% 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.
Did you know that the Butterworth Farms neighborhood has more Irish and Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 26.7% of this neighborhood's residents have Irish ancestry and 2.5% have Ukrainian ancestry.
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 Butterworth Farms neighborhood in Morristown 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 97.7% of the neighborhoods in America. With 16.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 61.7% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Butterworth Farms neighborhood, 64.4% 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 14.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (11.3%), and 9.3% in clerical, assistant, and tech support occupations.
The most common language spoken in the Butterworth Farms neighborhood is English, spoken by 86.0% of households. Some people also speak Spanish (11.1%).
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 Butterworth Farms neighborhood in Morristown, NJ, residents most commonly identify their ethnicity or ancestry as Irish (26.7%). There are also a number of people of German ancestry (24.6%), and residents who report Italian roots (21.9%), and some of the residents are also of English ancestry (6.9%), along with some Polish ancestry residents (4.5%), among others. In addition, 11.3% of the residents of this neighborhood were born in another country.
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 Butterworth Farms neighborhood spend between 15 and 30 minutes commuting one-way to work (36.8% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (70.9%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.