Marys Ln / E 7th St median real estate price is $1,026,300, which is more expensive than 87.8% of the neighborhoods in New Jersey and 90.4% of the neighborhoods in the U.S.
The average rental price in Marys Ln / E 7th St is currently $2,497, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 82.3% of New Jersey neighborhoods.
Marys Ln / E 7th St is a densely urban neighborhood (based on population density) located in Lakewood, New Jersey.
Marys Ln / E 7th St real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) apartment complexes/high-rise apartments and townhomes. Most of the residential real estate is renter occupied. Many of the residences in the Marys Ln / E 7th St neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
In Marys Ln / E 7th St, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Marys Ln / E 7th St 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 Lakewood, the Marys Ln / E 7th St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real Estate
85.7% of the real estate in the Marys Ln / E 7th St neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America. This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Marys Ln / E 7th St neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
In addition, if you love row houses and attached homes, you will probably really like the Marys Ln / E 7th St neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 33.1% of the residential real estate here is classified as row houses and attached homes.
Furthermore, the Marys Ln / E 7th St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 31,252 persons per square mile in the neighborhood, it is more packed with people than 97.1% of the nation's neighborhoods.
People
One of the really interesting characteristics about the Marys Ln / E 7th St neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 1.3% of college-friendly places to live in the state of New Jersey.
In addition, the Marys Ln / E 7th St neighborhood has a greater percentage of children living in poverty (59.2%) than found in 96.7% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.
Modes of Transportation
In the Marys Ln / E 7th St neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 29.4% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 96.6% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Diversity
Did you know that the Marys Ln / E 7th St neighborhood has more Eastern European and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.3% of this neighborhood's residents have Eastern European ancestry and 2.2% have Hungarian ancestry.
Marys Ln / E 7th St is also pretty special linguistically. Significantly, 5.1% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 99.1% of the neighborhoods in America.
Migration / Stability
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. More residents of the Marys Ln / E 7th St neighborhood live here today that also were living in this same neighborhood five years ago than is found in 95.2% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Marys Ln / E 7th St neighborhood in Lakewood are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 90.9% of U.S. neighborhoods. With 59.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 96.7% of U.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 Marys Ln / E 7th St neighborhood, 65.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 20.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (10.5%), and 3.0% in manufacturing and laborer occupations.
Languages
The most common language spoken in the Marys Ln / E 7th St neighborhood is English, spoken by 84.6% of households. Some people also speak German/Yiddish (5.1%).
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 Marys Ln / E 7th St neighborhood in Lakewood, NJ, residents most commonly identify their ethnicity or ancestry as Polish (7.1%). There are also a number of people of German ancestry (4.3%), and residents who report Russian roots (3.4%), and some of the residents are also of Eastern European ancestry (2.3%), along with some Hungarian ancestry residents (2.2%), among others.
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 Marys Ln / E 7th St neighborhood spend under 15 minutes commuting one-way to work (43.7% of working residents), one of the shortest commutes across America.
Here most residents (62.3%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (6.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
