What do we mean by a neighborhood?
NeighborhoodScout® uses the official government designation for neighborhoods - the census tract.
Census tracts are small, relatively permanent subdivisions of a county that are defined by the U.S. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics (including economic status, lifestyle, and living conditions). Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us. Because census tracts are based on population, they vary in size depending on the density of settlement. In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas.
Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town. Then we named each census tract to the local colloquially recognized neighborhood name for that spot (e.g., Boston, MA (Dorchester). If there was not a name available, we named the census tract by the largest street intersection in the census tract (e.g., Worcester, MA (Lincoln St/Plantation St)
Why we don't use Zip Codes as neighborhoods
Zip codes were developed by the Postal Service for the purpose of delivering mail, but were never intended to define coherent neighborhoods. In addition, Zip Codes can have as many as 10 distinctly different census tracts contained within them. When distinct census tracts are blended together in a single Zip Code, the data reflects their average conditions and often gives a false sense of the area. The result is that potentially great matching neighborhoods can be missed, and erroneous matches can also be produced and delivered to you.
Using census tracts makes great matches possible, and helps people find the areas that are best for them and their families. Because we are committed to providing the highest possible quality and finding the neighborhoods that best meet your criteria, we use census tracts. And, as always, we show you the actual street map of the neighborhood so you know exactly where your best matching neighborhood is located.
What is a Condition Alert?
A condition alert is a condition in the neighborhood that triggers an alert. NeighborhoodScout contains condition alerts to highlight conditions that are extreme, whether good or bad. This helps answer crucial questions about the state of the neighborhood being evaluated, such as:
What are the risks of violent crime here?
Is the risk of home break-ins or other property crimes increasing?
Does real estate here hold its value?
Are the trends in local vacancies or unemployment concerning?
...and dozens more.
Information at a glance that you need to know to invest, appraise or finance a property.
Twin Lights Terrace / Gateway Villas median real estate price is $571,400, which is more expensive than 50.5% of the neighborhoods in New Jersey and 72.5% of the neighborhoods in the U.S.
The average rental price in Twin Lights Terrace / Gateway Villas is currently $3,533, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 65.3% of the neighborhoods in New Jersey.
Twin Lights Terrace / Gateway Villas is a suburban neighborhood (based on population density) located in Highlands, New Jersey. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Twin Lights Terrace / Gateway Villas 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 Twin Lights Terrace / Gateway Villas neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.
Vacant apartments or homes are a major fact of life in Twin Lights Terrace / Gateway Villas. The current real estate vacancy rate here is 16.8%. This is higher than the rate of vacancies in 81.7% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (14.1%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.
Notable & Unique Neighborhood Characteristics
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 Highlands, the Twin Lights Terrace / Gateway Villas neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real Estate
Twin Lights Terrace / Gateway Villas is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, Twin Lights Terrace / Gateway Villas 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.
People
In a nation where 1 out of every 4 children lives in poverty, the Twin Lights Terrace / Gateway Villas neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, if you are planning to retire in New Jersey, this neighborhood should be on your must-see list. For many reasons, Twin Lights Terrace / Gateway Villas may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in New Jersey, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 99.6% of neighborhoods in NJ. If a New Jersey retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for urban sophisticates and first-time home buyers.
Also, one of the most interesting things about the Twin Lights Terrace / Gateway Villas neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 66.7% 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 99.6% of the neighborhoods in America.
Modes of Transportation
If you like to ride a ferry to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 7.3% of the Twin Lights Terrace / Gateway Villas neighborhood's commuters ride a ferry to and from work each day, which is more than we found in 99.9% of America's neighborhoods.
Length of Commute
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Twin Lights Terrace / Gateway Villas 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 Twin Lights Terrace / Gateway Villas neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 21.8% 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 99.7% of all neighborhoods in America.
Occupations
With 9.5% of employed workers living in the Twin Lights Terrace / Gateway Villas neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 99.4% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
Diversity
Did you know that the Twin Lights Terrace / Gateway Villas neighborhood has more Czechoslovakian and Italian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.0% of this neighborhood's residents have Czechoslovakian ancestry and 31.2% have Italian 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 Twin Lights Terrace / Gateway Villas neighborhood in Highlands are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 65.1% 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.
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 Twin Lights Terrace / Gateway Villas neighborhood, 52.9% 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 21.3% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (17.0%), and 9.5% in the military.
Languages
The most common language spoken in the Twin Lights Terrace / Gateway Villas neighborhood is English, spoken by 97.5% of households. Some people also speak Polish (2.8%).
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 Twin Lights Terrace / Gateway Villas neighborhood in Highlands, NJ, residents most commonly identify their ethnicity or ancestry as Italian (31.2%). There are also a number of people of Irish ancestry (28.7%), and residents who report German roots (22.5%), and some of the residents are also of French ancestry (14.8%), along with some English ancestry residents (8.4%), among others. In addition, 18.0% of the residents of this neighborhood were born in another country.
Getting to Work
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 Twin Lights Terrace / Gateway Villas neighborhood spend between 15 and 30 minutes commuting one-way to work (37.8% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (21.8%) who commute over an hour in each direction.
Here most residents (69.8%) drive alone in a private automobile to get to work. In addition, quite a number also ride a ferry to get to work (7.3%) and 7.3% of residents also take the train for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
SCOUT’s patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.
