What used to be a spooky town that relied heavily on agriculture for income has now evolved to a town truly from the 21 century. I am talking about the Holmdel Township in New Jersey, which has been ranked by CNN as the #1 "six-figure town" in the country for 2009.
According to CNN, the median family income in this town can rise up to a whopping $159,633. You can bet that most, if not all, of the people who live here are those in the upper levels of the social ladder. Its proximity to New York City, prominent schools, the PNC Banks Arts Center, and an array of high-paying jobs make Holmsdel a magnet for the financial elite.
In this town, it is already normal to see stately, custom-made mansions constructed over vast tracts of land, with the smaller homes showcasing the rich history of the town as a hub for grapevine growers in the previous centuries.
So as far as real estate is concerned, what can we expect from this six-figure town? Well, obviously, we can expect property prices to shoot up in these areas. According to the same source, CNN, the median property price in Holmdel is $600,000. Now that involves a very large amount of money, especially considering that real estate prices all over the country have already fallen significantly already.
Notable residents of the town include John Burke, the former professional football player and Robert Woodrow Wilson, the Noble Prize in Physics awardee; while there was also John Bon Jovi and Bruce Springsteen.
With such a notable lineup of past and former residents, plus history and proximity to major centers of commerce, we have a recipe for really expensive real estate in Holmdel. I'm sure that most, if not all, of us would want to live in a neighborhood like the ones located here, which have their own helipads, but only a few are lucky and smart enough to actually land a place.
