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Real Estate Prices & Overview

Somerset Oaks At Lost Mountain / Lost Mountain median real estate price is $644,763, which is more expensive than 87.2% of the neighborhoods in Georgia and 77.0% of the neighborhoods in the U.S.

The average rental price in Somerset Oaks At Lost Mountain / Lost Mountain is currently $2,803, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 71.3% of the neighborhoods in Georgia.

Somerset Oaks At Lost Mountain / Lost Mountain is a suburban neighborhood (based on population density) located in Powder Springs, Georgia.

Somerset Oaks At Lost Mountain / Lost Mountain real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Somerset Oaks At Lost Mountain / Lost Mountain 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 Somerset Oaks At Lost Mountain / Lost Mountain, the current vacancy rate is 1.0%, which is a lower rate of vacancies than 91.4% of all neighborhoods in the U.S. This means that the housing supply in Somerset Oaks At Lost Mountain / Lost Mountain is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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 Powder Springs, the Somerset Oaks At Lost Mountain / Lost Mountain neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of note is NeighborhoodScout's research finding that the Somerset Oaks At Lost Mountain / Lost Mountain neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Somerset Oaks At Lost Mountain / Lost Mountain community truly stands out from the rest in this regard.

In addition, a majority of the adults in the Somerset Oaks At Lost Mountain / Lost Mountain neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for Georgia by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 96.5% of the neighborhoods in Georgia. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children.

Real Estate

One way that the Somerset Oaks At Lost Mountain / Lost Mountain neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 98.1% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.

In addition, owner-occupied real estate dominates the Somerset Oaks At Lost Mountain / Lost Mountain neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 96.4% of neighborhoods in America.

Furthermore, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Somerset Oaks At Lost Mountain / Lost Mountain neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 96.1% of all American neighborhoods.

Diversity

Did you know that the Somerset Oaks At Lost Mountain / Lost Mountain neighborhood has more Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.6% of this neighborhood's residents have Russian ancestry.

Somerset Oaks At Lost Mountain / Lost Mountain is also pretty special linguistically. Significantly, 9.6% of its residents five years old and above primarily speak Italian at home. While this may seem like a small percentage, it is higher than 97.7% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Somerset Oaks At Lost Mountain / Lost Mountain neighborhood in Powder Springs are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 92.7% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America'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 Somerset Oaks At Lost Mountain / Lost Mountain neighborhood, 51.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 25.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (13.6%), and 10.3% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Somerset Oaks At Lost Mountain / Lost Mountain neighborhood is English, spoken by 98.8% of households. Other important languages spoken here include Italian and Polish.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Somerset Oaks At Lost Mountain / Lost Mountain neighborhood in Powder Springs, GA, residents most commonly identify their ethnicity or ancestry as English (18.9%). There are also a number of people of Irish ancestry (10.6%), and residents who report Italian roots (5.7%), and some of the residents are also of German ancestry (5.2%), along with some Russian ancestry residents (4.6%), 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 Somerset Oaks At Lost Mountain / Lost Mountain neighborhood spend between 45 minutes and one hour commuting one-way to work (38.1% of working residents), longer and tougher than most commutes in America.

Here most residents (85.4%) 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.


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