Real Estate Prices and Overview
Lake Dr SE / Fuller Ave SE median real estate prices are $141,637, which is more expensive than 65.3% of the neighborhoods
in Michigan and 42.3% of the
neighborhoods in the U.S.
Average rental prices in Lake Dr SE / Fuller Ave SE are currently
$790, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 58.4% of Michigan neighborhoods.
Lake Dr SE / Fuller Ave SE is an urban neighborhood (based on population
density) located in Grand Rapids, Michigan.
Lake Dr SE / Fuller Ave SE real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and single-family homes.
Most of the residential real estate is renter occupied. Many of
the residences in the Lake Dr SE / Fuller Ave SE neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in
Lake Dr SE / Fuller Ave SE. The current real estate vacancy rate here is 21.1%.
This is higher than the rate of vacancies in 86.5% of
all U.S. neighborhoods. This can sometimes be the case in neighborhoods
dominated by seasonal homes (such as vacation areas), and occasionally
it is also found in neighborhoods that are primarily filled with college
students, as some apartments could be vacant when school is not in session.
But often neighborhoods with vacancy rates this high are places that
can be plagued by a protracted vacancy problem. If you live here, you
may find that a number of buildings in your neighborhood are actually empty.
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: Diversity
Did you know that the Lake Dr SE / Fuller Ave SE neighborhood has more
Dutch and Finnish ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 10.6% of
this neighborhood's residents have Dutch ancestry and 0.9% have Finnish ancestry.
Notable & Unique: People
Lake Dr SE / Fuller Ave SE has the amazing distinction of housing more same
sex couples living together than 97.5% of neighborhoods
in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's
analysis shows that this is one place that you should consider.
In addition, neighborhoodScout's analysis shows that the Lake Dr SE / Fuller Ave SE
neighborhood has a greater concentration of residents currently enrolled
in college than 97.2% of the neighborhoods in the U.S. With
18.3% of the population here attending college, this is very
much a college-focused neighborhood.
Also, of note, 61.6% of the children in this area
live in poverty; an extraordinarily high percentage compared to other
neighborhoods in the nation. In a nation where approximately one in
four children grows up in poverty, this neighborhood stands out for
the depth of the problem manifested here.
Finally, the Lake Dr SE / Fuller Ave SE neighborhood stands out within Michigan
for its college student friendly environment. NeighborhoodScout's analysis
reveals that this neighborhood is home to a number of college students,
is relatively walkable, and above average in safety. In combination, this
makes it stand out for a good place for college students to consider.
Because a number of college students live here, this neighborhood may
be close to a college campus and offer certain amenities nearby geared
towards the student body. While it's not an environment for everyone,
ambitious scholars can enjoy seasonal excitement between semesters and
school breaks, and parents can rest easy knowing that the area has an
above average safety rating. For each of these reasons, the
neighborhood is rated among the top 9%
of college-friendly places to live in MI.
Notable & Unique: Migration/Stability
Do you like to be surrounded by people from all over the country or world,
with different perspectives and life experiences? Or do you instead prefer
to be in a neighborhood where most residents have lived there for a long
time, creating a sense of cohesiveness? NeighborhoodScout's analysis
reveals that this neighborhood stands out among American neighborhoods
for the uniqueness of the mobility of its residents.
In the Lake Dr SE / Fuller Ave SE neighborhood, a greater proportion of
the residents living here today did not live here five years ago than is
found in 96.5% of U.S. Neighborhoods. This neighborhood,
more than almost any other in America, has new residents from other areas.
Notable & Unique: Modes of Transportation
If your dream is to be able to ride your bike to work each day, look no
further than this unique neighborhood. With 3.7% of residents in
the Lake Dr SE / Fuller Ave SE neighborhood commuting on a bicycle to and
from work daily, this neighborhood has more bicycle commuters than
96.1% of all neighborhoods in the U.S., according to
NeighborhoodScout's exclusive analysis.
Also, in the Lake Dr SE / Fuller Ave SE neighborhood, many people's commute means
walking from the bedroom to the home office. NeighborhoodScout's analysis
found that 11.5% of residents worked from home. This may not
seem like a large number, but Scout's research shows that this is a higher
percentage of people working from home than 95.7% of the
neighborhoods in America. Often people who work from home are engaged in
the creative or technological economy, such as is found in areas around Boston,
and in Silicon Valley. Other times, people may be engaged in other businesses
like trading stocks from home, or running a small beauty salon.
Notable & Unique: Real Estate
Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Lake Dr SE / Fuller Ave SE neighborhood is one of the most walkable neighborhoods in America.
In addition, corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the Lake Dr SE / Fuller Ave SE neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 41.8% of the real estate here is made up of such dwellings, which is higher than 96.7% of all U.S. neighborhoods.
Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 82.3% of the residential real estate in the Lake Dr SE / Fuller Ave SE neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 99.6% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
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 Dr SE / Fuller Ave SE neighborhood in Grand Rapids are lower-middle income, making it a below average income neighborhood.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 84.0% of U.S. neighborhoods.
With 61.6% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 95.9%
of U.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 Dr SE / Fuller Ave SE neighborhood, 43.8%
of the working population is employed in executive, management, and professional 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 29.8% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(13.8%), and 12.6% in clerical, assistant, and tech support occupations.
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 Dr SE / Fuller Ave SE neighborhood in Grand Rapids, MI, residents
most commonly identify their ethnicity or ancestry as German
(12.1%). There are also a number of people of Dutch ancestry (10.6%) , and residents who report Irish roots (6.7%) , and some of the residents are also of Polish ancestry (6.5%) , along with some Mexican ancestry residents (5.7%), among others.
The Neighbors: Languages
The most common language spoken in the Lake Dr SE / Fuller Ave SE
neighborhood is English, spoken by 95.4% of households. Some people also speak Spanish (2.9%).
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 Dr SE / Fuller Ave SE neighborhood spend
between 15 and 30 minutes commuting one-way to work (56.5% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (72.1%) drive alone in a private automobile to get to work.
In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (11.2%) and 7.2% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.