Median real estate price in the City Center of Lakewood is $308,604, which is more expensive than 72.0% of the neighborhoods in Ohio and 41.2% of the neighborhoods in the U.S.
The average rental price in Lakewood City Center is currently $1,371, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 56.7% of Ohio neighborhoods.
Lakewood City Center is an urban neighborhood (based on population density) located in Lakewood, Ohio.
Real estate in the City Center of Lakewood, OH is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center 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 1940 and 1969.
Real estate vacancies in Lakewood City Center are 4.5%, which is lower than one will find in 69.9% of American neighborhoods. Demand for real estate in Lakewood City Center is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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 Lakewood, the City Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The Lakewood City Center neighborhood stands out within Ohio for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 8.4% of college-friendly places to live in OH.
If you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 76.1% of the residential real estate in the Lakewood City Center neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 99.4% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Did you know that the Lakewood City Center neighborhood has more Slovak and Greek ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.2% of this neighborhood's residents have Slovak ancestry and 4.5% have Greek ancestry.
Lakewood City Center is also pretty special linguistically. Significantly, 1.3% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 97.3% of the neighborhoods in America.
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 City Center neighborhood in Lakewood are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 44.3% of the neighborhoods in America. With 28.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 79.9% 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 Lakewood City Center neighborhood, 56.0% 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 20.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.6%), and 10.8% in manufacturing and laborer occupations.
The most common language spoken in the Lakewood City Center neighborhood is English, spoken by 92.8% of households. Some people also speak Polish (8.3%).
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 City Center neighborhood in Lakewood, OH, residents most commonly identify their ethnicity or ancestry as German (19.3%). There are also a number of people of Irish ancestry (18.9%), and residents who report Italian roots (17.8%), and some of the residents are also of English ancestry (11.9%), along with some Polish ancestry residents (10.4%), among others.
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 Lakewood City Center neighborhood spend between 15 and 30 minutes commuting one-way to work (53.5% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (78.4%) 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 (5.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.