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Real Estate Prices & Overview

Masonville median real estate price is $213,443, which is less expensive than 94.3% of New Jersey neighborhoods and 74.4% of all U.S. neighborhoods.

The average rental price in Masonville is currently $3,122, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 46.9% of New Jersey neighborhoods.

Masonville is an urban neighborhood (based on population density) located in Mount Laurel, New Jersey.

Masonville real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Masonville 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 Masonville, the current vacancy rate is 2.3%, which is a lower rate of vacancies than 84.7% of all neighborhoods in the U.S. This means that the housing supply in Masonville is very tight compared to the demand for property here.

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 get around.

People

In a nation where 1 out of every 4 children lives in poverty, the Masonville neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

Real Estate

If you love row houses and attached homes, you will probably really like the Masonville 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, 38.5% of the residential real estate here is classified as row houses and attached homes.

Occupations

The Masonville neighborhood stands out nationally for having a greater proportion of its residents active in the military than 97.8% of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.

Furthermore, executives, managers and professionals make up 72.8% of the workforce in the Masonville neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 96.9% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Diversity

Significantly, 2.8% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 97.4% 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 Masonville neighborhood in Mount Laurel are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 63.2% of the neighborhoods in America. In addition, 0.0% 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 100.0% 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 Masonville neighborhood, 72.8% 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 9.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (9.0%), and 8.6% in government jobs, whether they are in local, state, or federal positions.

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 Masonville neighborhood is English, spoken by 75.2% of households. Other important languages spoken here include Korean, Spanish, Langs. of India and African languages.

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 Masonville neighborhood in Mount Laurel, NJ, residents most commonly identify their ethnicity or ancestry as Asian (21.1%). There are also a number of people of Irish ancestry (20.3%), and residents who report German roots (13.9%), and some of the residents are also of Italian ancestry (10.5%), along with some English ancestry residents (8.3%), among others. In addition, 21.9% of the residents of this neighborhood were born in another country.

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 Masonville neighborhood spend between 30 and 45 minutes commuting one-way to work (28.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (78.6%) drive alone in a private automobile to get to work. 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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