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 79.2% 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
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: 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
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
How wealthy a neighborhood is, from very wealthy, to middle income, to low
income is very formative with regard to the personality and character of a
neighborhood. Equally important is the rate of people, particularly children,
who live below the federal poverty line. In some wealthy gated communities,
the areas immediately surrounding can have high rates of childhood poverty,
which indicates other social issues. NeighborhoodScout's analysis reveals
both aspects of income and poverty for this 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
A neighborhood is far different if it is dominated by enlisted military personnel
rather than people who earn their living by farming. It is also different if
most of the neighbors are clerical support or managers. What is wonderful is
the shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
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 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 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.