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Real Estate Prices & Overview

Beth Medrash Govoha median real estate price is $1,050,650, which is more expensive than 93.2% of the neighborhoods in New Jersey and 92.9% of the neighborhoods in the U.S.

The average rental price in Beth Medrash Govoha is currently $4,531, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 91.1% of the neighborhoods in New Jersey.

Beth Medrash Govoha is a suburban neighborhood (based on population density) located in Lakewood, New Jersey.

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

Home and apartment vacancy rates are 9.6% in Beth Medrash Govoha. NeighborhoodScout analysis shows that this rate is lower than 40.0% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 Lakewood, the Beth Medrash Govoha neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

One way that the Beth Medrash Govoha neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.4% 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.

In addition, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Beth Medrash Govoha neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 96.9% of all American neighborhoods.

People

One of the really interesting characteristics about the Beth Medrash Govoha 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 2.3% of college-friendly places to live in the state of New Jersey. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for highly educated executives.

Diversity

Did you know that the Beth Medrash Govoha neighborhood has more Eastern European and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.1% of this neighborhood's residents have Eastern European ancestry and 4.0% have Hungarian ancestry.

Beth Medrash Govoha is also pretty special linguistically. Significantly, 9.2% 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 99.5% of the neighborhoods in America.

The Neighbors

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 Beth Medrash Govoha neighborhood in Lakewood are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 76.2% of the neighborhoods in America. With 33.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 84.0% 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 Beth Medrash Govoha neighborhood, 60.4% 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 20.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (15.9%), and 3.0% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Beth Medrash Govoha neighborhood is English, spoken by 80.6% of households. Some people also speak German/Yiddish (9.2%).

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 Beth Medrash Govoha neighborhood in Lakewood, NJ, residents most commonly identify their ethnicity or ancestry as Polish (7.0%). There are also a number of people of Eastern European ancestry (4.1%), and residents who report Hungarian roots (4.0%), and some of the residents are also of German ancestry (3.8%), along with some Russian ancestry residents (3.5%), among others.

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 Beth Medrash Govoha neighborhood spend under 15 minutes commuting one-way to work (40.3% of working residents), one of the shortest commutes across America.

Here most residents (67.7%) 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 (10.7%) . 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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