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
$900, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 69.0% 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
Do you like a coastal setting? If so, this neighborhood may be to your liking.
The Lake Shore neighborhood is on the ocean, a bay, or inlet.
Often such coastal places have amenities and recreational activities on the waterfront
that are attractive to residents and visitors alike.
In addition, this Lake Shore neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 99.6% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 99.0% of all neighborhoods in America.
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
While most Americans do drive to work alone each day, the
Lake Shore neighborhood stands out by having 94.2% of commuters
doing so, which is a higher proportion of people driving alone to work
than NeighborhoodScout found in 97.0% of all American
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
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 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
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 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
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 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.