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 37.1% of the
neighborhoods in the U.S.
Average rental prices in Lakewood Hills are currently
$653, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 72.1% 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
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.
Notable & Unique: Modes of Transportation
Our research reveals that 94.3% of commuters who live in the
Lakewood Hills neighborhood get to work each day by driving
alone in their automobiles, which is a higher proportion than
97.1% of U.S. neighborhoods.
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 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 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
What we choose to do for a living reflects who we are. Each neighborhood has
a different mix of occupations represented, and together these tell you about
the neighborhood and help you understand if this neighborhood may fit your lifestyle.
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 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 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
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 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.