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Real Estate Prices & Overview

Capitol Ave / Lafayette Blvd median real estate price is $184,295, which is less expensive than 70.7% of Michigan neighborhoods and 81.9% of all U.S. neighborhoods.

The average rental price in Capitol Ave / Lafayette Blvd is currently $1,659, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 46.7% of Michigan neighborhoods.

Capitol Ave / Lafayette Blvd is an urban neighborhood (based on population density) located in Lincoln Park, Michigan.

Capitol Ave / Lafayette Blvd real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Capitol Ave / Lafayette Blvd neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Capitol Ave / Lafayette Blvd has a 10.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 64.8% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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 Lincoln Park, the Capitol Ave / Lafayette Blvd neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Diversity

Did you know that the Capitol Ave / Lafayette Blvd neighborhood has more Hungarian and French Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.6% of this neighborhood's residents have Hungarian ancestry and 2.6% have French Canadian ancestry.

Capitol Ave / Lafayette Blvd is also pretty special linguistically. Significantly, 0.9% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 96.1% 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 Capitol Ave / Lafayette Blvd neighborhood in Lincoln Park are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 44.4% of the neighborhoods in America. With 20.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 69.4% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Capitol Ave / Lafayette Blvd neighborhood, 37.3% 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 30.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.2%), and 12.4% 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 Capitol Ave / Lafayette Blvd neighborhood is English, spoken by 77.4% of households. Other important languages spoken here include Spanish and Italian.

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 Capitol Ave / Lafayette Blvd neighborhood in Lincoln Park, MI, residents most commonly identify their ethnicity or ancestry as Mexican (21.7%). There are also a number of people of German ancestry (14.2%), and residents who report Irish roots (9.1%), and some of the residents are also of Polish ancestry (8.3%), along with some English ancestry residents (6.9%), among others. In addition, 11.8% of the residents of this neighborhood were born in another country.

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 Capitol Ave / Lafayette Blvd neighborhood spend between 15 and 30 minutes commuting one-way to work (39.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (83.4%) 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 (11.4%) . 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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