Ocean Ave / Laurel Ave median real estate price is $1,016,856, which is more expensive than 85.8% of the neighborhoods in New Jersey and 89.4% of the neighborhoods in the U.S.
The average rental price in Ocean Ave / Laurel Ave is currently $3,222, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 50.2% of New Jersey neighborhoods.
Ocean Ave / Laurel Ave is a densely urban neighborhood (based on population density) located in Lakewood, New Jersey.
Ocean Ave / Laurel Ave real estate is primarily made up of small (studio to two 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 Ocean Ave / Laurel Ave neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Ocean Ave / Laurel Ave are 4.0%, which is lower than one will find in 73.6% of American neighborhoods. Demand for real estate in Ocean Ave / Laurel Ave 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.
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 Ocean Ave / Laurel Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
If you love row houses and attached homes, you will probably really like the Ocean Ave / Laurel Ave 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, 34.7% of the residential real estate here is classified as row houses and attached homes.
Did you know that the Ocean Ave / Laurel Ave neighborhood has more Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.0% of this neighborhood's residents have Dominican ancestry.
Ocean Ave / Laurel Ave is also pretty special linguistically. Significantly, 4.2% 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 98.8% of the neighborhoods in America.
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 Ocean Ave / Laurel Ave neighborhood in Lakewood are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 45.8% of the neighborhoods in America. With 27.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 78.2% of U.S. neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Ocean Ave / Laurel Ave neighborhood, 48.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 23.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (19.6%), and 8.7% in clerical, assistant, and tech support occupations.
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 Ocean Ave / Laurel Ave neighborhood is English, spoken by 65.2% of households. Other important languages spoken here include Spanish and German/Yiddish.
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 Ocean Ave / Laurel Ave neighborhood in Lakewood, NJ, residents most commonly identify their ethnicity or ancestry as Dominican (8.0%). There are also a number of people of Mexican ancestry (6.5%), and residents who report Puerto Rican roots (5.1%), and some of the residents are also of Asian ancestry (2.6%), along with some Jamaican ancestry residents (2.0%), among others. In addition, 11.8% of the residents of this neighborhood were born in another country.
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 Ocean Ave / Laurel Ave neighborhood spend under 15 minutes commuting one-way to work (35.8% of working residents), one of the shortest commutes across America.
Here most residents (71.3%) 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 (20.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.