Potter Lake median real estate price is $450,388, which is more expensive than 79.4% of the neighborhoods in Wisconsin and 59.4% of the neighborhoods in the U.S.
The average rental price in Potter Lake is currently $2,141, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.4% of the neighborhoods in Wisconsin.
Potter Lake is a rural neighborhood (based on population density) located in East Troy, Wisconsin.
Potter Lake 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 Potter Lake neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Potter Lake has a 13.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 74.5% 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.
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.
Of note is NeighborhoodScout's research finding that the Potter Lake neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Potter Lake community truly stands out from the rest in this regard.
In addition, the Potter Lake neighborhood stands out within Wisconsin 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 10.0% of college-friendly places to live in WI. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for active retirees.
Did you know that the Potter Lake neighborhood has more Croatian and German ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.1% of this neighborhood's residents have Croatian ancestry and 40.5% have German ancestry.
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 Potter Lake neighborhood in East Troy are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 75.2% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America'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 Potter Lake neighborhood, 30.4% 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 24.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.7%), and 22.6% in manufacturing and laborer occupations.
The most common language spoken in the Potter Lake neighborhood is English, spoken by 97.5% of households. Some people also speak Italian (3.5%).
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 Potter Lake neighborhood in East Troy, WI, residents most commonly identify their ethnicity or ancestry as German (40.5%). There are also a number of people of Irish ancestry (14.9%), and residents who report Polish roots (9.2%), and some of the residents are also of Norwegian ancestry (8.7%), along with some Italian ancestry residents (8.6%), among others.
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 Potter Lake neighborhood spend under 15 minutes commuting one-way to work (39.6% of working residents), one of the shortest commutes across America.
Here most residents (77.3%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.