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Real Estate Prices & Overview

Beacon Place / New Monmouth median real estate price is $706,976, which is more expensive than 67.4% of the neighborhoods in New Jersey and 79.9% of the neighborhoods in the U.S.

The average rental price in Beacon Place / New Monmouth is currently $3,126, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 54.0% of New Jersey neighborhoods.

Beacon Place / New Monmouth is a suburban neighborhood (based on population density) located in Belford, New Jersey.

Beacon Place / New Monmouth 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 Beacon Place / New Monmouth neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Beacon Place / New Monmouth, the current vacancy rate is 0.5%, which is a lower rate of vacancies than 92.9% of all neighborhoods in the U.S. This means that the housing supply in Beacon Place / New Monmouth is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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.

People

Of note is NeighborhoodScout's research finding that the Beacon Place / New Monmouth neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Beacon Place / New Monmouth community truly stands out from the rest in this regard.

Modes of Transportation

If you like to ride a ferry to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 1.6% of the Beacon Place / New Monmouth neighborhood's commuters ride a ferry to and from work each day, which is more than we found in 99.3% of America's neighborhoods.

Length of Commute

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 Beacon Place / New Monmouth neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 12.3% 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 97.4% of all neighborhoods in America.

Diversity

Did you know that the Beacon Place / New Monmouth neighborhood has more Italian and Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 34.3% of this neighborhood's residents have Italian ancestry and 31.0% have Irish ancestry.

Beacon Place / New Monmouth is also pretty special linguistically. Significantly, 5.9% 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 97.9% of the neighborhoods in America.

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 Beacon Place / New Monmouth neighborhood in Belford 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 94.7% 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 Beacon Place / New Monmouth neighborhood, 55.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 15.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.1%), and 14.6% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 Beacon Place / New Monmouth neighborhood is English, spoken by 87.2% of households. Other important languages spoken here include Polish, Langs. of India and Spanish.

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 Beacon Place / New Monmouth neighborhood in Belford, NJ, residents most commonly identify their ethnicity or ancestry as Italian (34.3%). There are also a number of people of Irish ancestry (31.0%), and residents who report English roots (12.2%), and some of the residents are also of German ancestry (11.0%), along with some Asian ancestry residents (7.9%), among others. In addition, 10.2% 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 Beacon Place / New Monmouth neighborhood spend under 15 minutes commuting one-way to work (27.3% of working residents), one of the shortest commutes across America. However, there is also a significant group of residents (12.3%) who commute over an hour in each direction.

Here most residents (69.7%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (6.3%) . 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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