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Real Estate Prices & Overview

Middletown median real estate price is $604,933, which is more expensive than 56.3% of the neighborhoods in New Jersey and 74.9% of the neighborhoods in the U.S.

The average rental price in Middletown is currently $3,826, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 74.8% of the neighborhoods in New Jersey.

Middletown is a suburban neighborhood (based on population density) located in Rockaway, New Jersey.

Middletown real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Middletown neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Middletown, the current vacancy rate is 3.0%, which is a lower rate of vacancies than 80.5% of all neighborhoods in the U.S. This means that the housing supply in Middletown 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

Most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Middletown neighborhood, is that an incredible 80.5% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.

In addition, real estate in the Middletown 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 98.2% 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.

People

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 Middletown 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 families with school-aged children.

In addition, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Middletown neighborhood may actually hold the key. 70.3% of its residents are married, which is a higher percentage than is found in 96.5% of the neighborhoods in America.

Diversity

Did you know that the Middletown neighborhood has more Swedish and Italian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 13.9% of this neighborhood's residents have Swedish ancestry and 31.7% have Italian ancestry.

Middletown is also pretty special linguistically. Significantly, 3.1% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 96.6% 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 Middletown neighborhood in Rockaway 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 90.2% of the neighborhoods in America. In addition, 5.3% 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 63.6% 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 Middletown neighborhood, 63.0% 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 24.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (7.5%), and 4.6% in clerical, assistant, and tech support 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 Middletown neighborhood is English, spoken by 88.7% of households. Other important languages spoken here include Spanish, Polish and Arabic.

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 Middletown neighborhood in Rockaway, NJ, residents most commonly identify their ethnicity or ancestry as Italian (31.7%). There are also a number of people of Swedish ancestry (13.9%), and residents who report English roots (10.8%), and some of the residents are also of Irish ancestry (10.7%), along with some German ancestry residents (10.4%), among others. In addition, 10.4% 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 Middletown neighborhood spend between 15 and 30 minutes commuting one-way to work (33.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (68.6%) 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.


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