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
$1,229, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.0%
of the neighborhoods in New Jersey.
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
The way a neighborhood looks and feels when you walk or drive around it, from
its setting, its buildings, and its flavor, can make all the difference. This
neighborhood has some really cool things about the way it looks and feels as
revealed by NeighborhoodScout's exclusive research. This might include anything
from the housing stock to the types of households living here to how people
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, wealth makes most things in life easier, and a few things harder.
If you are wealthy and enjoy keeping up with the Jones', this neighborhood
will interest you. In fact, according to NeighborhoodScout's research,
the Morganville Town Center neighborhood is wealthier than 97.9%
of the neighborhoods in the United States. Residents here are truly in
a unique situation even when compared to other Americans, based on the
shear amount of wealth concentrated here. Even in times of economic
downturn, residents of this neighborhood, as a group, suffered less
and recovered more quickly. This is indeed a stand-out characteristic
of this neighborhood.
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
There are two complimentary 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 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
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 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
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 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
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 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.