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Real Estate Prices & Overview

Carasaljo Park median real estate price is $827,984, which is more expensive than 70.5% of the neighborhoods in New Jersey and 82.0% of the neighborhoods in the U.S.

The average rental price in Carasaljo Park is currently $2,648, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 74.1% of New Jersey neighborhoods.

Carasaljo Park is a densely urban neighborhood (based on population density) located in Lakewood, New Jersey.

Carasaljo Park real estate is primarily made up of small (studio to two bedroom) to large (four, five or more bedroom) townhomes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Carasaljo Park neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.

Home and apartment vacancy rates are 8.1% in Carasaljo Park. NeighborhoodScout analysis shows that this rate is lower than 46.0% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

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.

People

One of the really interesting characteristics about the Carasaljo Park 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 0.1% of college-friendly places to live in the state of New Jersey.

In addition, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Carasaljo Park neighborhood may actually hold the key. 81.0% of its residents are married, which is a higher percentage than is found in 99.8% of the neighborhoods in America.

Also, an extraordinary 11.3% of the residents of the Carasaljo Park neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

Real Estate

If you love row houses and attached homes, you will probably really like the Carasaljo Park 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, 41.5% of the residential real estate here is classified as row houses and attached homes.

Occupations

Executives, managers and professionals make up 70.5% of the workforce in the Carasaljo Park neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 95.3% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Diversity

Did you know that the Carasaljo Park neighborhood has more Hungarian and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.5% of this neighborhood's residents have Hungarian ancestry and 8.0% have Russian ancestry.

Carasaljo Park is also pretty special linguistically. Significantly, 12.8% 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 99.7% 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 Carasaljo Park 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 85.9% of U.S. neighborhoods. With 42.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 90.8% 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 Carasaljo Park neighborhood, 70.5% 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 18.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (10.0%).

Languages

The most common language spoken in the Carasaljo Park neighborhood is English, spoken by 76.7% of households. Some people also speak German/Yiddish (12.8%).

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 Carasaljo Park neighborhood in Lakewood, NJ, residents most commonly identify their ethnicity or ancestry as Russian (8.0%). There are also a number of people of Hungarian ancestry (6.5%), and residents who report German roots (5.5%), and some of the residents are also of Polish ancestry (4.9%), along with some Asian ancestry residents (3.9%), among others.

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 Carasaljo Park neighborhood spend under 15 minutes commuting one-way to work (42.9% of working residents), one of the shortest commutes across America.

Here most residents (61.3%) 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 (17.1%) . 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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