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Real Estate Prices & Overview

Clay Ave SW / 40th St median real estate price is $219,620, which is more expensive than 39.8% of the neighborhoods in Michigan and 24.8% of the neighborhoods in the U.S.

The average rental price in Clay Ave SW / 40th St is currently $2,274, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 86.0% of the neighborhoods in Michigan.

Clay Ave SW / 40th St is a suburban neighborhood (based on population density) located in Wyoming, Michigan.

Clay Ave SW / 40th St 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 Clay Ave SW / 40th St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

In Clay Ave SW / 40th St, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Clay Ave SW / 40th St is very tight compared to the demand for property here.

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.

Real Estate

This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Clay Ave SW / 40th St neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.

Diversity

Did you know that the Clay Ave SW / 40th St neighborhood has more Dutch and Lithuanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.6% of this neighborhood's residents have Dutch ancestry and 2.2% have Lithuanian ancestry.

Clay Ave SW / 40th St is also pretty special linguistically. Significantly, 1.5% 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 98.5% 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 Clay Ave SW / 40th St neighborhood in Wyoming are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 43.4% of the neighborhoods in America. With 15.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 60.4% 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 Clay Ave SW / 40th St neighborhood, 38.3% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 26.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.3%), and 14.4% in executive, management, and professional 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 Clay Ave SW / 40th St neighborhood is English, spoken by 58.7% of households. Other important languages spoken here include Spanish, 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 Clay Ave SW / 40th St neighborhood in Wyoming, MI, residents most commonly identify their ethnicity or ancestry as Mexican (20.3%). There are also a number of people of Sub-Saharan African ancestry (19.9%), and residents who report Dutch roots (12.6%), and some of the residents are also of German ancestry (8.3%), along with some Irish ancestry residents (6.2%), among others. In addition, 34.1% of the residents of this neighborhood were born in another country.

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 Clay Ave SW / 40th St neighborhood spend between 15 and 30 minutes commuting one-way to work (54.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (78.0%) 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 (16.9%) . 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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