Real Estate Prices and Overview
Lake Ave / Abbott Rd median real estate prices are $124,769, which is less expensive than 79.1% of New York neighborhoods
and 64.6% of all U.S. neighborhoods.
Average rental prices in Lake Ave / Abbott Rd are currently
$801, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 73.9% of New York neighborhoods.
Lake Ave / Abbott Rd is a suburban neighborhood (based on population
density) located in Buffalo, New York.
Lake Ave / Abbott Rd real estate 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 occupied by a mixture of owners and renters. Many of
the residences in the Lake Ave / Abbott Rd neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Lake Ave / Abbott Rd, the current vacancy rate is 1.4%,
which is a lower rate of vacancies than 94.2% of all neighborhoods
in the U.S. This means that the housing supply in Lake Ave / Abbott Rd
is very tight compared to the demand for property here.
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 Ave / Abbott Rd neighborhood has more
Polish and Yugoslav ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 15.6% of
this neighborhood's residents have Polish ancestry and 0.6% have Yugoslav ancestry.
Lake Ave / Abbott Rd is also pretty special linguistically. Significantly, 0.9% of its residents five years old and above primarily
speak Greek at home. While this may seem like a small percentage, it is higher
than 96.7% of the neighborhoods in America.
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 Ave / Abbott Rd neighborhood in Buffalo are middle-income, making it a moderate income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 55.7% of the neighborhoods in America.
With 17.0% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 52.8%
of U.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 Ave / Abbott Rd neighborhood, 35.0%
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 28.3% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(19.4%), and 17.0% in manufacturing and laborer occupations.
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 Ave / Abbott Rd neighborhood in Buffalo, NY, residents
most commonly identify their ethnicity or ancestry as German
(18.6%). There are also a number of people of Polish ancestry (15.6%) , and residents who report Italian roots (13.7%) , and some of the residents are also of Irish ancestry (13.4%) , along with some English ancestry residents (4.3%), among others.
The Neighbors: Languages
The most common language spoken in the Lake Ave / Abbott Rd
neighborhood is English, spoken by 92.7% 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 Ave / Abbott Rd neighborhood spend
between 15 and 30 minutes commuting one-way to work (41.5% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (90.7%) 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 (7.5%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.