What term refers to a geographic area where residents share common services and facilities near their homes?

The term that best describes a geographic area where residents share common services and facilities near their homes is "neighborhood." A neighborhood typically refers to a community or a spatial area characterized by proximity among residents and access to shared amenities such as parks, schools, shops, and community centers. These elements foster social interaction and a sense of belonging among the residents.

In contrast, the other options do not encapsulate the idea of community living as effectively. An organization generally refers to a structured group with a specific purpose, which does not inherently relate to geographic proximity or shared facilities. A street primarily denotes a physical thoroughfare for vehicles and pedestrians, lacking the social and communal aspects of a neighborhood. Land, while it pertains to an area of ground, does not signify the human interactions and shared services characteristic of a cohesive community.

Thus, the concept of a neighborhood embodies the essence of communal living, making it the most accurate choice in this context.