What do we mean by a neighborhood?
NeighborhoodScout® uses the official government designation for neighborhoods - the census tract.
Census tracts are small, relatively permanent subdivisions of a county that are defined by the U.S. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics (including economic status, lifestyle, and living conditions). Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us. Because census tracts are based on population, they vary in size depending on the density of settlement. In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas.
Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town. Then we named each census tract to the local colloquially recognized neighborhood name for that spot (e.g., Boston, MA (Dorchester). If there was not a name available, we named the census tract by the largest street intersection in the census tract (e.g., Worcester, MA (Lincoln St/Plantation St)
Why we don't use Zip Codes as neighborhoods
Zip codes were developed by the Postal Service for the purpose of delivering mail, but were never intended to define coherent neighborhoods. In addition, Zip Codes can have as many as 10 distinctly different census tracts contained within them. When distinct census tracts are blended together in a single Zip Code, the data reflects their average conditions and often gives a false sense of the area. The result is that potentially great matching neighborhoods can be missed, and erroneous matches can also be produced and delivered to you.
Using census tracts makes great matches possible, and helps people find the areas that are best for them and their families. Because we are committed to providing the highest possible quality and finding the neighborhoods that best meet your criteria, we use census tracts. And, as always, we show you the actual street map of the neighborhood so you know exactly where your best matching neighborhood is located.
What is a Condition Alert?
A condition alert is a condition in the neighborhood that triggers an alert. NeighborhoodScout contains condition alerts to highlight conditions that are extreme, whether good or bad. This helps answer crucial questions about the state of the neighborhood being evaluated, such as:
What are the risks of violent crime here?
Is the risk of home break-ins or other property crimes increasing?
Does real estate here hold its value?
Are the trends in local vacancies or unemployment concerning?
...and dozens more.
Information at a glance that you need to know to invest, appraise or finance a property.
Lakeshore Manor / Park Ave median real estate price is $1,167,412, which is more expensive than 71.1% of the neighborhoods in California and 92.9% of the neighborhoods in the U.S.
The average rental price in Lakeshore Manor / Park Ave is currently $1,873, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 89.4% of California neighborhoods.
Lakeshore Manor / Park Ave is a suburban neighborhood (based on population density) located in South Lake Tahoe, California.
Lakeshore Manor / Park Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Lakeshore Manor / Park Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Lakeshore Manor / Park Ave. The current real estate vacancy rate here is 56.6%. This is higher than the rate of vacancies in 99.1% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (41.4%). This can occur in 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. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.
Notable & Unique Neighborhood Characteristics
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in South Lake Tahoe, the Lakeshore Manor / Park Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real Estate
Despite all of the residential real estate here in the Lakeshore Manor / Park Ave neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 56.6%, which is higher than 99.1% of all U.S. neighborhoods.
Modes of Transportation
More people in Lakeshore Manor / Park Ave choose to walk to work each day (23.8%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 4.6% of residents in the Lakeshore Manor / Park Ave neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 97.8% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Occupations
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Lakeshore Manor / Park Ave neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 97.8% of all American neighborhoods.
Length of Commute
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Lakeshore Manor / Park Ave neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 60.4% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 96.2% of U.S. neighborhoods. Less time commuting means more time for other things in life.
Diversity
Did you know that the Lakeshore Manor / Park Ave neighborhood has more Canadian and Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.3% of this neighborhood's residents have Canadian ancestry and 5.2% have Scottish ancestry.
Lakeshore Manor / Park Ave is also pretty special linguistically. Significantly, 3.4% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 97.2% of the neighborhoods in America.
The Neighbors
There are two complementary 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 Lakeshore Manor / Park Ave neighborhood in South Lake Tahoe are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 70.9% of U.S. neighborhoods. With 30.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 81.2% of U.S. neighborhoods.
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 Lakeshore Manor / Park Ave neighborhood, 42.8% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 19.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.2%), and 15.7% in executive, management, and professional occupations.
Languages
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Lakeshore Manor / Park Ave neighborhood is English, spoken by 47.6% of households. Other important languages spoken here include Spanish, Arabic, Italian and Polish.
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 Lakeshore Manor / Park Ave neighborhood in South Lake Tahoe, CA, residents most commonly identify their ethnicity or ancestry as Mexican (46.6%). There are also a number of people of Scottish ancestry (5.2%), and residents who report German roots (5.0%), and some of the residents are also of Asian ancestry (4.3%), along with some Swedish ancestry residents (4.1%), among others. In addition, 37.6% of the residents of this neighborhood were born in another country.
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 Lakeshore Manor / Park Ave neighborhood spend under 15 minutes commuting one-way to work (60.4% of working residents), one of the shortest commutes across America.
Here most residents (50.3%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (23.8%) and 9.8% of residents also carpool with coworkers, friends, or neighbors 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.
SCOUT’s patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.
