Hoot Owl Estates / Oakwood Lakes median real estate price is $461,850, which is more expensive than 50.9% of the neighborhoods in New Jersey and 70.3% of the neighborhoods in the U.S.
The average rental price in Hoot Owl Estates / Oakwood Lakes is currently $4,383, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 92.2% of the neighborhoods in New Jersey.
Hoot Owl Estates / Oakwood Lakes is a suburban neighborhood (based on population density) located in Medford, New Jersey.
Hoot Owl Estates / Oakwood Lakes real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Hoot Owl Estates / Oakwood Lakes neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Hoot Owl Estates / Oakwood Lakes, the current vacancy rate is 0.5%, which is a lower rate of vacancies than 93.2% of all neighborhoods in the U.S. This means that the housing supply in Hoot Owl Estates / Oakwood Lakes is very tight compared to the demand for property here.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
One way that the Hoot Owl Estates / Oakwood Lakes neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 95.1% 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.
Did you know that the Hoot Owl Estates / Oakwood Lakes neighborhood has more Irish and Italian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 26.7% of this neighborhood's residents have Irish ancestry and 20.5% have Italian ancestry.
Hoot Owl Estates / Oakwood Lakes is also pretty special linguistically. Significantly, 7.9% of its residents five years old and above primarily speak Polish at home. While this may seem like a small percentage, it is higher than 96.9% of the neighborhoods in America.
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 Hoot Owl Estates / Oakwood Lakes neighborhood in Medford 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 94.5% of the neighborhoods in America. In addition, 0.8% 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 79.5% of America'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 Hoot Owl Estates / Oakwood Lakes neighborhood, 55.0% 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 25.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (10.4%), and 8.9% in clerical, assistant, and tech support occupations.
The most common language spoken in the Hoot Owl Estates / Oakwood Lakes neighborhood is English, spoken by 96.4% of households. Some people also speak Polish (7.9%).
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 Hoot Owl Estates / Oakwood Lakes neighborhood in Medford, NJ, residents most commonly identify their ethnicity or ancestry as Irish (26.7%). There are also a number of people of Italian ancestry (20.5%), and residents who report English roots (20.1%), and some of the residents are also of German ancestry (18.7%), along with some Polish ancestry residents (10.2%), 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 Hoot Owl Estates / Oakwood Lakes neighborhood spend between 15 and 30 minutes commuting one-way to work (40.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (78.8%) 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 (5.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.