Real Estate Prices and Overview
Lakewood Hills median real estate prices are $129,088, which is more expensive than 69.8% of the neighborhoods
in Indiana and 37.2% of the
neighborhoods in the U.S.
Average rental prices in Lakewood Hills are currently
$561, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 58.8% of Indiana neighborhoods.
Lakewood Hills is a suburban neighborhood (based on population
density) located in Evansville, Indiana.
Lakewood Hills 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 occupied by a mixture of owners and renters. Many of
the residences in the Lakewood Hills neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Lakewood Hills, the current vacancy rate is 2.0%,
which is a lower rate of vacancies than 92.1% of all neighborhoods
in the U.S. This means that the housing supply in Lakewood Hills
is very tight compared to the demand for property here.
Notable & Unique Neighborhood Characteristics
The way a neighborhood looks and feels when you walk or drive around it, from
its setting, its buildings, and its flavor, can make all the difference. This
neighborhood has some really cool things about the way it looks and feels as
revealed by NeighborhoodScout's exclusive research. This might include anything
from the housing stock to the types of households living here to how people
Notable & Unique: Modes of Transportation
While most Americans do drive to work alone each day, the
Lakewood Hills neighborhood stands out by having 94.3% of commuters
doing so, which is a higher proportion of people driving alone to work
than NeighborhoodScout found in 97.1% of all American
Notable & Unique: People
With a nice mix of college students, safety from crime, and decent
walkability, the Lakewood Hills neighborhood rates highly
as a college student friendly place to live, and one that college
students and their parents may want to consider. NeighborhoodScout's
analysis shows that it rates more highly for a good place for college
students to live than 90% of the neighborhoods in
IN. This often also means that the area has certain amenities
and services geared towards college students, from undergraduates to
The Neighbors: Income
There are two complimentary 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 Lakewood Hills neighborhood in Evansville are middle-income, making it a moderate income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 54.0% of the neighborhoods in America.
In addition, 4.7% 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 76.6%
of America's neighborhoods.
The Neighbors: Occupations
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 Hills neighborhood, 34.5%
of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is
clerical, assistant, and tech support occupations, with 22.6% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(22.2%), and 20.8% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The Neighbors: Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities
and ancestries have different cultural traditions, and as a result, neighborhoods
with concentrations of residents of one or another ethnicities or ancestries
will express those cultures. It is what makes the North End in Boston so fun
to visit for the Italian restaurants, bakeries, culture, and charm, and similarly,
why people enjoy visiting Chinatown in San Francisco.
In the Lakewood Hills neighborhood in Evansville, IN, residents
most commonly identify their ethnicity or ancestry as German
(25.1%). There are also a number of people of English ancestry (8.5%) , and residents who report Irish roots (6.8%) , and some of the residents are also of Mexican ancestry (3.4%) , along with some Asian ancestry residents (3.2%), among others.
The Neighbors: Languages
The most common language spoken in the Lakewood Hills
neighborhood is English, spoken by 95.5% of households.
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 Lakewood Hills neighborhood spend
between 15 and 30 minutes commuting one-way to work (48.4% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (94.3%) 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.