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Real Estate Prices & Overview

Red Bank West median real estate price is $690,041, which is more expensive than 75.1% of the neighborhoods in New Jersey and 82.5% of the neighborhoods in the U.S.

The average rental price in Red Bank West is currently $3,115, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 44.2% of New Jersey neighborhoods.

Red Bank West is an urban neighborhood (based on population density) located in Red Bank, New Jersey. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Red Bank West real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Red Bank West neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In Red Bank West, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Red Bank West is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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.

Real Estate

Do you like a coastal setting? If so, this neighborhood may be to your liking. The Red Bank West 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, Red Bank West 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, with a real estate vacancy rate of only 0.0%, the Red Bank West neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.

Furthermore, one of the really unique and interesting things about the look and setting of the Red Bank West neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 71.7% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 95.3% of all neighborhoods in America.

People

In a nation where 1 out of every 4 children lives in poverty, the Red Bank West neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, one of the most interesting things about the Red Bank West neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 57.0% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 98.2% of the neighborhoods in America.

Also, if you're nearing retirement age, or in retirement, the Red Bank West is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 8.3% of retiree-friendly neighborhoods in New Jersey, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in New Jersey.

Modes of Transportation

If you like to ride a ferry to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 1.3% of the Red Bank West neighborhood's commuters ride a ferry to and from work each day, which is more than we found in 99.5% of America's neighborhoods.

Diversity

Did you know that the Red Bank West neighborhood has more Irish and Czechoslovakian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 31.6% of this neighborhood's residents have Irish ancestry and 1.5% have Czechoslovakian ancestry.

The Neighbors

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 Red Bank West neighborhood in Red Bank are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 48.1% 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 Red Bank West neighborhood, 59.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 18.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.2%), and 5.1% 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 Red Bank West neighborhood is English, spoken by 91.9% of households. Other important languages spoken here include Polish and Spanish.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Red Bank West neighborhood in Red Bank, NJ, residents most commonly identify their ethnicity or ancestry as Irish (31.6%). There are also a number of people of Italian ancestry (24.6%), and residents who report German roots (10.7%), and some of the residents are also of English ancestry (8.9%), along with some Russian ancestry residents (5.1%), among others. In addition, 13.4% of the residents of this neighborhood were born in another country.

Getting to Work

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 Red Bank West neighborhood spend between 15 and 30 minutes commuting one-way to work (29.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (67.8%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (7.5%) . 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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