Lakes of the Meadow median real estate price is $614,281, which is more expensive than 75.0% of the neighborhoods in Florida and 73.5% of the neighborhoods in the U.S.
The average rental price in Lakes of the Meadow is currently $4,106, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.0% of the neighborhoods in Florida.
Lakes of the Meadow is an urban neighborhood (based on population density) located in Miami, Florida.
Lakes of the Meadow real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Lakes of the Meadow 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 Lakes of the Meadow, the current vacancy rate is 2.2%, which is a lower rate of vacancies than 84.5% of all neighborhoods in the U.S. This means that the housing supply in Lakes of the Meadow is very tight compared to the demand for property here.
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 Miami, the Lakes of the Meadow neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Most neighborhoods are composed of a mixture of ages of homes, but the Lakes of the Meadow stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 97.7% of the residential real estate here was built in this one time period.
In addition, if you love row houses and attached homes, you will probably really like the Lakes of the Meadow 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, 27.9% of the residential real estate here is classified as row houses and attached homes.
With a nice mix of college students, safety from crime, and decent walkability, the Lakes of the Meadow neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 87.3% of the neighborhoods in FL. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.
Did you know that the Lakes of the Meadow neighborhood has more Cuban and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 51.5% of this neighborhood's residents have Cuban ancestry and 21.3% have South American ancestry.
Lakes of the Meadow is also pretty special linguistically. Significantly, 85.0% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.2% of all U.S. neighborhoods.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the Lakes of the Meadow neighborhood has a greater percentage of residents born in another country (58.2%) than are found in 99.0% of all U.S. neighborhoods.
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 Lakes of the Meadow neighborhood in Miami are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 55.2% of the neighborhoods in America. In addition, 0.9% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 78.9% of America'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 Lakes of the Meadow neighborhood, 57.9% 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 19.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.0%), and 7.0% in government jobs, whether they are in local, state, or federal positions.
The most common language spoken in the Lakes of the Meadow neighborhood is Spanish, spoken by 85.0% of households. Some people also speak English (9.7%).
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 Lakes of the Meadow neighborhood in Miami, FL, residents most commonly identify their ethnicity or ancestry as Cuban (51.5%). There are also a number of people of South American ancestry (21.3%), and residents who report Puerto Rican roots (5.7%), and some of the residents are also of Brazilian ancestry (2.8%), along with some French ancestry residents (2.6%), among others. In addition, 58.2% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Lakes of the Meadow neighborhood spend between 45 minutes and one hour commuting one-way to work (42.4% of working residents), longer and tougher than most commutes in America.
Here most residents (77.8%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.