Lakewood is a fast-growing community in Ocean County, notable for its large Orthodox Jewish population and significant residential development in recent years. It lies a bit farther removed from Manhattan compared to the first three cities, with a more suburban and even semi-rural feel in parts, though it still houses fairly dense development. Prominent “towns” or subdivisions within the township include Downtown Lakewood, the Parkway area (near Garden State Parkway), residential enclaves, and new subdivisions on the outskirts. Housing in Lakewood tends to be suburban single-family homes on moderately sized lots, large newer subdivisions, and some multi-family rental housing. The environment is more low-density compared to the core metro cities; you’ll find more green space and room for new construction or land acquisition. According to Zillow, the average home value in Lakewood is approximately $565,657 (up ~5.4% year-over-year). The average home value in Lakewood is approximately $565,657 (up ~5.4% year-over-year). The median listing price is around $465,000. For building a new home, plenty of subdivisions or “raw lots” may be available, especially on the periphery, so build-cost plus land would likely lead to a total cost perhaps in the $350K–$500K+ range depending on lot size, finishes, and subdivision. The city is more suburban/edge than core urban; the nearest major city is probably New York (via commute) or Newark, but Lakewood is ~50 miles south of Manhattan and ~35–40 miles from Newark, so somewhat distant for daily commuting to Manhattan but closer to central New Jersey and the shore region.