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Real Estate Prices & Overview

Lakewood East median real estate price is $1,059,447, which is more expensive than 81.9% of the neighborhoods in New Jersey and 88.7% of the neighborhoods in the U.S.

The average rental price in Lakewood East is currently $3,947, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 72.3% of the neighborhoods in New Jersey.

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

Lakewood East 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 occupied by a mixture of owners and renters. Many of the residences in the Lakewood East 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 Lakewood East, 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 Lakewood East 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.

Real Estate

This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Lakewood East neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.

In addition, many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Lakewood East neighborhood could be your paradise. With 25.6% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 4.4% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

Modes of Transportation

Our research shows that more people carpool to work here in the Lakewood East (25.0%) than in 96.8% of the neighborhoods in America.

Diversity

Did you know that the Lakewood East neighborhood has more Dominican and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 16.1% of this neighborhood's residents have Dominican ancestry and 2.2% have Hungarian ancestry.

Lakewood East is also pretty special linguistically. Significantly, 0.6% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 95.7% 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 Lakewood East 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 44.0% of the neighborhoods in America. With 14.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 60.8% 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 Lakewood East neighborhood, 32.0% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 27.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.6%), and 20.0% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Lakewood East neighborhood is English, spoken by 74.0% of households. Some people also speak Spanish (20.6%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Lakewood East neighborhood in Lakewood, NJ, residents most commonly identify their ethnicity or ancestry as Dominican (16.1%). There are also a number of people of Mexican ancestry (12.3%), and residents who report Irish roots (3.7%), and some of the residents are also of Polish ancestry (3.4%), along with some German ancestry residents (3.1%), among others. In addition, 22.5% of the residents of this neighborhood were born in another country.

Getting to Work

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 Lakewood East neighborhood spend under 15 minutes commuting one-way to work (41.1% of working residents), one of the shortest commutes across America.

Here most residents (68.5%) 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 (25.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.

Real Estate includes:
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Economics & Demographics include:
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Household Types
Commute To Work
Migration & Mobility
Race & Ethnic Diversity
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Income & Unemployment Rate
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Crime includes:
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Schools include:
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