Real Estate Prices and Overview
Lake Shore median real estate prices are $341,567, which is more expensive than 71.9% of the neighborhoods
in Maryland and 82.5% of the
neighborhoods in the U.S.
Average rental prices in Lake Shore are currently
$923, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 78.5% of Maryland neighborhoods.
Lake Shore is a suburban neighborhood (based on population
density) located in Pasadena, Maryland. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Lake Shore real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes.
Most of the residential real estate is owner occupied. Many of
the residences in the Lake Shore neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Real estate vacancies in Lake Shore are 7.2%,
which is lower than one will find in 62.4% of American
neighborhoods. Demand for real estate in Lake Shore
is above average for the U.S., and may signal some demand for either
price increases or new construction of residential product for this neighborhood.
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: Real Estate
Lake Shore is a neighborhood that is on the ocean, a bay, or inlet.
Many times, such places have amenities that bring locals and visitors to the
waterfront for recreational activities or to check out the scenery.
In some densely populated areas that are less financially well-off, the neighborhood
waterfront can be relatively industrial and less open to recreation.
In addition, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Lake Shore neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 99.0% of all American neighborhoods.
Notable & Unique: Diversity
Did you know that the Lake Shore neighborhood has more
Lithuanian and German ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.6% of
this neighborhood's residents have Lithuanian ancestry and 32.1% have German ancestry.
Notable & Unique: Modes of Transportation
Our research reveals that 94.2% of commuters who live in the
Lake Shore neighborhood get to work each day by driving
alone in their automobiles, which is a higher proportion than
97.0% of U.S. neighborhoods.
Notable & Unique: People
If you're looking for a great spot to raise a family, then look no
further than the Lake Shore neighborhood. NeighborhoodScout's
analysis found that the combination of good quality public schools,
above-average safety from crime, and a high rate of home ownership in
predominantly single-family homes, help make this neighborhood
among the top 12.1% of family-friendly neighborhoods
across the state of Maryland. In addition, there are a high proportion
of other families with school-aged children living here, making it easy
for parents and their children to socialize and develop a sense of community
support. In addition, families here highly value education, as is reflected
by the strength of the local schools, in part due to the educational
attainment of the parents here, who vote in support of the public schools.
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 Lake Shore neighborhood in Pasadena are wealthy, making it among the 15% highest income neighborhoods in America.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 90.9% of the neighborhoods in America.
In addition, 3.4% 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 80.6%
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 Lake Shore neighborhood, 41.0%
of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is
manufacturing and laborer occupations, with 24.8% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(18.9%), and 15.3% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The Neighbors: Ethnicity / Ancestry
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 Lake Shore neighborhood in Pasadena, MD, residents
most commonly identify their ethnicity or ancestry as German
(32.1%). There are also a number of people of Irish ancestry (13.2%) , and residents who report Italian roots (6.1%) , and some of the residents are also of Polish ancestry (5.5%) , along with some English ancestry residents (5.2%), among others.
The Neighbors: Languages
The most common language spoken in the Lake Shore
neighborhood is English, spoken by 98.8% 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 Lake Shore neighborhood spend
between 15 and 30 minutes commuting one-way to work (34.8% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (94.2%) 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.