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Real Estate Prices & Overview

Lake Superior State University median real estate price is $220,686, which is more expensive than 42.7% of the neighborhoods in Michigan and 26.0% of the neighborhoods in the U.S.

The average rental price in Lake Superior State University is currently $1,415, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 70.2% of Michigan neighborhoods.

Lake Superior State University is a suburban neighborhood (based on population density) located in Sault Ste. Marie, Michigan.

Lake Superior State University real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Lake Superior State University neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.

Lake Superior State University has a 14.9% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 77.6% 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

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Modes of Transportation

Would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Lake Superior State University neighborhood is a fantastic option for bicycle commuters, as 10.7% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 99.7% of the neighborhoods in America.

Also, more people in Lake Superior State University choose to walk to work each day (14.9%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

People

One of the really interesting characteristics about the Lake Superior State University neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 0.7% of college-friendly places to live in the state of Michigan.

In addition, neighborhoodScout's analysis shows that the Lake Superior State University neighborhood has a greater concentration of residents currently enrolled in college than 98.3% of the neighborhoods in the U.S. With 25.9% of the population here attending college, this is very much a college-focused neighborhood.

Also, there is an especially high percentage of incarcerated people (2.1%) living in the Lake Superior State University neighborhood.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Lake Superior State University neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 71.5% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 98.7% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Diversity

Did you know that the Lake Superior State University neighborhood has more Finnish and Native American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.0% of this neighborhood's residents have Finnish ancestry and 8.1% have Native American ancestry.

Migration / Stability

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. In the Lake Superior State University neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 96.7% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

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 Superior State University neighborhood in Sault Ste. Marie are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 87.0% of U.S. neighborhoods. With 23.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 73.4% 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 Superior State University neighborhood, 37.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 33.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (15.8%), and 12.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Lake Superior State University neighborhood is English, spoken by 91.1% of households. Some people also speak Polish (4.2%).

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 Superior State University neighborhood in Sault Ste. Marie, MI, residents most commonly identify their ethnicity or ancestry as German (17.8%). There are also a number of people of Italian ancestry (11.5%), and residents who report English roots (9.6%), and some of the residents are also of Irish ancestry (8.6%), along with some Native American ancestry residents (8.1%), 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 Superior State University neighborhood spend under 15 minutes commuting one-way to work (71.5% of working residents), one of the shortest commutes across America.

Here most residents (52.9%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (14.9%) and 14.5% of residents also carpool with coworkers, friends, or neighbors for their daily commute. 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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