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Real Estate Prices & Overview

Columbian Park East median real estate price is $154,721, which is less expensive than 75.1% of Indiana neighborhoods and 87.0% of all U.S. neighborhoods.

The average rental price in Columbian Park East is currently $1,363, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 61.7% of Indiana neighborhoods.

Columbian Park East is a suburban neighborhood (based on population density) located in Lafayette, Indiana.

Columbian Park East real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Columbian Park East neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

In Columbian Park East, the current vacancy rate is 2.7%, which is a lower rate of vacancies than 82.3% of all neighborhoods in the U.S. This means that the housing supply in Columbian Park East is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

According to NeighborhoodScout's research, Columbian Park East is better suited for first-time home buyers than 89.5% of neighborhoods in the state. Most homes here are priced below the state's median house value, yet maintain comparably good appreciation rates over the last decade relative to other neighborhoods in Indiana. Along with an exclusive multi-metric measure of neighborhood quality developed by NeighborhoodScout that scores high here in this neighborhood, this means that buying into the neighborhood is not only an accessible option but considered a decent first time home buyer choice for building equity in your first home, while being in a quality neighborhood

Diversity

Did you know that the Columbian Park East neighborhood has more Welsh ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.4% of this neighborhood's residents have Welsh ancestry.

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 Columbian Park East neighborhood in Lafayette are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 72.9% of U.S. neighborhoods. With 15.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 61.7% 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 Columbian Park East neighborhood, 30.1% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 28.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (26.9%), and 14.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Columbian Park East neighborhood is English, spoken by 89.2% of households. Some people also speak Spanish (9.2%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Columbian Park East neighborhood in Lafayette, IN, residents most commonly identify their ethnicity or ancestry as German (17.6%). There are also a number of people of Mexican ancestry (11.2%), and residents who report Irish roots (8.4%), and some of the residents are also of English ancestry (6.6%), along with some Polish ancestry residents (3.5%), among others.

Getting to Work

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 Columbian Park East neighborhood spend under 15 minutes commuting one-way to work (49.1% of working residents), one of the shortest commutes across America.

Here most residents (76.5%) 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 (15.9%) . 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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