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Real Estate Prices & Overview

Lake Dot / Callahan median real estate price is $601,248, which is more expensive than 77.6% of the neighborhoods in Florida and 77.6% of the neighborhoods in the U.S.

The average rental price in Lake Dot / Callahan is currently $1,980, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 84.7% of Florida neighborhoods.

Lake Dot / Callahan is an urban neighborhood (based on population density) located in Orlando, Florida.

Lake Dot / Callahan 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 Dot / Callahan neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Lake Dot / Callahan. The current real estate vacancy rate here is 25.7%. This is higher than the rate of vacancies in 91.8% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

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 Orlando, the Lake Dot / Callahan neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

The types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 58.5%. This is a higher percent living alone than we found in 98.6% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.

Modes of Transportation

A unique way of commuting is simply not to. And in the Lake Dot / Callahan neighborhood, analysis shows that 25.1% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 96.6% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.

Diversity

Did you know that the Lake Dot / Callahan neighborhood has more Portuguese and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.3% of this neighborhood's residents have Portuguese ancestry and 3.7% have Jamaican ancestry.

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 Dot / Callahan neighborhood in Orlando are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 89.7% 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 68.0% 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 Lake Dot / Callahan neighborhood, 49.7% 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 27.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (14.9%), and 7.6% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Lake Dot / Callahan neighborhood is English, spoken by 92.9% of households. Some people also speak Spanish (5.6%).

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 Dot / Callahan neighborhood in Orlando, FL, residents most commonly identify their ethnicity or ancestry as Irish (12.8%). There are also a number of people of Italian ancestry (6.4%), and residents who report English roots (5.7%), and some of the residents are also of Puerto Rican ancestry (3.8%), along with some Jamaican ancestry residents (3.7%), among others.

Getting to Work

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 Lake Dot / Callahan neighborhood spend between 15 and 30 minutes commuting one-way to work (44.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (57.6%) 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 (12.2%) . 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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