Rivers Edge / Waterloo median real estate price is $2,754,760, which is more expensive than 99.5% of the neighborhoods in New Jersey and 99.1% of the neighborhoods in the U.S.
The average rental price in Rivers Edge / Waterloo is currently $5,765, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 95.8% of the neighborhoods in New Jersey.
Rivers Edge / Waterloo is a rural neighborhood (based on population density) located in Rumson, New Jersey. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Rivers Edge / Waterloo 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 Rivers Edge / Waterloo neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Rivers Edge / Waterloo, the current vacancy rate is 2.7%, which is a lower rate of vacancies than 81.3% of all neighborhoods in the U.S. This means that the housing supply in Rivers Edge / Waterloo is very tight compared to the demand for property here.
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 Rumson, the Rivers Edge / Waterloo neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Do you like a coastal setting? If so, this neighborhood may be to your liking. The Rivers Edge / Waterloo 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, Rivers Edge / Waterloo 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, one way that the Rivers Edge / Waterloo neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.5% 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.
Furthermore, real estate in the Rivers Edge / Waterloo neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 98.3% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood.
Also of note, the Rivers Edge / Waterloo 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 98.8% 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 97.5% of all neighborhoods in America.
In the Rivers Edge / Waterloo neighborhood, 15.9% of people ride a ferry 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 ferry ridership than in 100.0% of the neighborhoods in America.
Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.2% of residents in the Rivers Edge / Waterloo neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 96.3% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
According to NeighborhoodScout's exclusive analysis, Rivers Edge / Waterloo is among the best neighborhoods for families in New Jersey. In fact, this neighborhood is more family-friendly than 99.9% of neighborhoods in the entire state of New Jersey. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Rivers Edge / Waterloo neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for urban sophisticates, highly educated executives and active retirees.
In addition, 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 0.6% of America's neighborhoods are wealthier than the Rivers Edge / Waterloo 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.
Also, the rate of college educated adults in the Rivers Edge / Waterloo neighborhood is a unique characteristic of the neighborhood. 76.3% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 35.0% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 96.4% of all U.S. neighborhoods.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Rivers Edge / Waterloo neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 22.7% 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 99.8% of all neighborhoods in America.
Executives, managers and professionals make up 70.5% of the workforce in the Rivers Edge / Waterloo neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 95.3% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Did you know that the Rivers Edge / Waterloo neighborhood has more Italian and Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 35.0% of this neighborhood's residents have Italian ancestry and 2.0% have Austrian ancestry.
Rivers Edge / Waterloo is also pretty special linguistically. Significantly, 1.0% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 97.1% 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 Rivers Edge / Waterloo neighborhood in Rumson 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 99.4% of the neighborhoods in America. In addition, 1.0% 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 78.5% of America'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 Rivers Edge / Waterloo neighborhood, 70.5% 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 17.9% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (6.4%), and 6.3% in manufacturing and laborer occupations.
Languages
The most common language spoken in the Rivers Edge / Waterloo neighborhood is English, spoken by 95.5% of households. Some people also speak Polish (5.9%).
Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Rivers Edge / Waterloo neighborhood in Rumson, NJ, residents most commonly identify their ethnicity or ancestry as Italian (35.0%). There are also a number of people of Irish ancestry (16.2%), and residents who report German roots (11.7%), and some of the residents are also of English ancestry (5.3%), along with some Polish ancestry residents (3.0%), among others.
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 Rivers Edge / Waterloo neighborhood spend between 45 minutes and one hour commuting one-way to work (32.2% of working residents), longer and tougher than most commutes in America.
Here most residents (39.3%) drive alone in a private automobile to get to work. In addition, quite a number also ride a ferry to get to work (15.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
