Real Estate Prices and Overview
Median real estate prices in the Town Center of Morganville are $539,416, which is more expensive than 92.0% of the neighborhoods
in New Jersey and 93.5% of the
neighborhoods in the U.S.
Average rental prices in Morganville Town Center are currently
$1,261, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 40.8% of New Jersey neighborhoods.
Morganville Town Center is a suburban neighborhood (based on population
density) located in Morganville, New Jersey.
Real estate in the Town Center of Morganville, NJ is primarily made up of large (four, five or more bedroom) to medium sized (three or four 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 Town Center 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.
Real estate vacancies in Morganville Town Center are 4.7%,
which is lower than one will find in 77.9% of American
neighborhoods. Demand for real estate in Morganville Town Center
is above average for the U.S., and may signal some demand for either
price increases or new construction of residential product for this neighborhood.
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 Morganville,
the Town Center neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: 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 Morganville Town Center
neighborhood stands out for its commute length, according to NeighborhoodScout's
Long commutes can be brutal. They take time, money, and energy, leaving less
of you for yourself and your family. The residents of the Morganville
Town Center neighborhood unfortunately have the distinction of having,
on average, a longer commute than most any neighborhood in America.
15.4% 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 99.4%
of all neighborhoods in America.
Notable & Unique: People
According to NeighborhoodScout's exclusive analysis, Morganville Town Center
is among the best neighborhoods for families in New Jersey. In fact, this neighborhood is
more family-friendly than 98.9% of neighborhoods
in the entire state of New Jersey. Its combination of top public
schools, low crime rates, and owner-occupied single family homes gives
this area the look and feel of a "Leave It to Beaver" episode. Many other
families also live here, making it easy to socialize and develop a strong
sense of community. In addition, the high number of college-educated parents
influences the academic success of the local schools. Overall, you will
find all of the amenities a family needs to thrive in the Morganville
Town Center neighborhood.
In addition to being an excellent choice for families with school-aged children, this
neighborhood is also a very good choice for urban sophisticates and highly educated executives.
In addition, if you come to know the people here, you will recognize that you're
in the company of one of the wealthiest communities in the nation. In
fact, a mere 2.1% of America's neighborhoods are wealthier than the
Morganville Town Center neighborhood. Real estate here is exceedingly
well-maintained, and similarly, tends to maintain its value over time.
The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and
Lexus. If the public schools aren't up to snuff, the residents of this
neighborhood preferentially send their children to private preparatory
schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
Notable & Unique: Diversity
Did you know that the Morganville Town Center neighborhood has more
Armenian and Asian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 0.9% of
this neighborhood's residents have Armenian ancestry and 26.3% have Asian ancestry.
Morganville Town Center is also pretty special linguistically. Significantly, 2.8% of its residents five years old and above primarily
speak Gujarati, which is native to the Indian state of Gujarat, at home. While this may seem like a small percentage, it is higher
than 99.2% of the neighborhoods in America.
Notable & Unique: Occupations
Executives, managers and professionals make up 64.0% of the workforce
in the Morganville Town Center neighborhood which, according to
NeighborhoodScout's exclusive analysis, is a higher proportion of such
high-level people than is found in 96.0% of the neighborhoods
in America. For this reason, this neighborhood really stands out as unique.
Notable & Unique: Real Estate
In addition, one way that the Morganville Town Center neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.3% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
Furthermore, real estate in the Morganville Town Center 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 98.5% 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.
The Neighbors: Income
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 Town Center neighborhood in Morganville 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 97.9% of the neighborhoods in America.
In addition, 0.5% 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 89.1%
of America's neighborhoods.
The Neighbors: Occupations
The old saying "you are what you eat" is true. But it is also true that you
are what you do for a living. The types of occupations your neighbors have
shape their character, and together as a group, their collective occupations
shape the culture of a place.
In the Morganville Town Center neighborhood, 64.0%
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 18.0% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(9.7%), and 8.3% in manufacturing and laborer occupations.
The Neighbors: Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves,
Los Angeles' Persian neighborhoods. Each has its own culture derived primarily
from the ancestries and culture of the residents who call these neighborhoods
home. Likewise, each neighborhood in America has its own culture – some more
unique than others – based on lifestyle, occupations, the types of households
– and importantly – on the ethnicities and ancestries of the people who live
in the neighborhood. Understanding where people came from, who their grandparents
or great-grandparents were, can help you understand how a neighborhood is today.
In the Town Center neighborhood in Morganville, NJ, residents
most commonly identify their ethnicity or ancestry as Asian
(26.3%). There are also a number of people of Italian ancestry (16.9%) , and residents who report Irish roots (11.4%) , and some of the residents are also of Polish ancestry (7.5%) , along with some German ancestry residents (3.7%), among others. In addition, 22.9% of the residents of this neighborhood were born in another country.
The Neighbors: 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 Morganville Town Center
neighborhood is English, spoken by 69.5% of households. Other important languages spoken here include Chinese, Spanish, South Asian languages and Gujarati (native to the Indian state of Gujarat).
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 Morganville Town Center neighborhood spend
between 45 minutes and one hour commuting one-way to work (33.1% of working
residents), longer and tougher than most commutes in America.
Here most residents (69.3%) drive alone in a private automobile to get to work.
In addition, quite a number also ride the bus to get to work (13.9%) and 9.3% of residents also carpool with coworkers, friends, or neighbors 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.