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Real Estate Prices & Overview

Lake St / Terminal Rd median real estate price is $126,243, which is less expensive than 84.3% of Michigan neighborhoods and 91.6% of all U.S. neighborhoods.

The average rental price in Lake St / Terminal Rd is currently $1,803, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 65.3% of the neighborhoods in Michigan.

Lake St / Terminal Rd is a suburban neighborhood (based on population density) located in Niles, Michigan.

Lake St / Terminal Rd real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Lake St / Terminal Rd neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Home and apartment vacancy rates are 7.2% in Lake St / Terminal Rd. NeighborhoodScout analysis shows that this rate is lower than 52.4% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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.

Modes of Transportation

Our research reveals that 89.1% of commuters who live in the Lake St / Terminal Rd neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 95.2% of U.S. neighborhoods.

Diversity

Did you know that the Lake St / Terminal Rd neighborhood has more Dutch and African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.8% of this neighborhood's residents have Dutch ancestry and 7.2% have African ancestry.

Lake St / Terminal Rd is also pretty special linguistically. Significantly, 0.7% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 96.1% of the neighborhoods in America.

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 Lake St / Terminal Rd neighborhood in Niles are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 79.4% of U.S. neighborhoods. With 20.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 68.9% 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 Lake St / Terminal Rd neighborhood, 33.5% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 24.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.9%), and 17.3% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 Lake St / Terminal Rd neighborhood is English, spoken by 94.9% of households. Other important languages spoken here include Spanish 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 Lake St / Terminal Rd neighborhood in Niles, MI, residents most commonly identify their ethnicity or ancestry as German (24.6%). There are also a number of people of Irish ancestry (15.3%), and residents who report English roots (8.2%), and some of the residents are also of Sub-Saharan African ancestry (7.2%), along with some African ancestry residents (7.2%), 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 Lake St / Terminal Rd neighborhood spend between 15 and 30 minutes commuting one-way to work (42.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (89.1%) 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 (6.5%) . 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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