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Real Estate Prices & Overview

Median real estate price in the City Center of Lake Station is $145,913, which is less expensive than 74.7% of Indiana neighborhoods and 87.2% of all U.S. neighborhoods.

The average rental price in Lake Station City Center is currently $1,722, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 75.1% of the neighborhoods in Indiana.

Lake Station City Center is a suburban neighborhood (based on population density) located in Lake Station, Indiana.

Real estate in the City Center of Lake Station, IN is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the City Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Lake Station City Center, the current vacancy rate is 1.3%, which is a lower rate of vacancies than 90.5% of all neighborhoods in the U.S. This means that the housing supply in Lake Station City Center 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.

Modes of Transportation

Our research reveals that 91.2% of commuters who live in the Lake Station City Center neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 97.6% of U.S. neighborhoods.

People

Divorcees may find friendship and understanding in this neighborhood, as 19.7% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 95.1% of the neighborhoods in America.

Diversity

Did you know that the Lake Station City Center neighborhood has more Canadian and Danish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 9.1% of this neighborhood's residents have Canadian ancestry and 1.7% have Danish ancestry.

Lake Station City Center is also pretty special linguistically. Significantly, 10.5% of its residents five years old and above primarily speak Polish at home. While this may seem like a small percentage, it is higher than 98.3% of the neighborhoods in America.

The Neighbors

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 City Center neighborhood in Lake Station are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 60.1% of U.S. neighborhoods. In addition, 9.9% 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 50.9% 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 Lake Station City Center neighborhood, 40.8% of the working population is employed in manufacturing and laborer 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 25.7% of the residents employed. Other residents here are employed in executive, management, and professional occupations (20.0%), and 13.5% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Lake Station City Center neighborhood is English, spoken by 85.0% of households. Other important languages spoken here include Spanish, Polish and Italian.

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 City Center neighborhood in Lake Station, IN, residents most commonly identify their ethnicity or ancestry as Irish (18.8%). There are also a number of people of Mexican ancestry (18.6%), and residents who report German roots (16.1%), and some of the residents are also of Canadian ancestry (9.1%), along with some English ancestry residents (5.6%), among others.

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 Lake Station City Center neighborhood spend between 15 and 30 minutes commuting one-way to work (32.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (91.2%) 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.


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