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Real Estate Prices & Overview

Marys Ln / E 7th St median real estate price is $803,209, which is more expensive than 82.8% of the neighborhoods in New Jersey and 86.4% of the neighborhoods in the U.S.

The average rental price in Marys Ln / E 7th St is currently $2,375, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 82.6% 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.

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 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. With a real estate vacancy rate of only 0.0%, the Marys Ln / E 7th St neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.

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, of note, 59.2% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

Modes of Transportation

A unique way of commuting is simply not to. And in the Marys Ln / E 7th St neighborhood, analysis shows that 29.4% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 96.6% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.

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.

The Neighbors

There are two complementary 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 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.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

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.

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 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.


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Crime includes:
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Schools include:
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