Lafayette South median real estate price is $572,250, which is more expensive than 55.4% of the neighborhoods in Colorado and 76.2% of the neighborhoods in the U.S.
The average rental price in Lafayette South is currently $2,688, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 45.3% of Colorado neighborhoods.
Lafayette South is a suburban neighborhood (based on population density) located in Lafayette, Colorado.
Lafayette South real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Lafayette South neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
In Lafayette South, the current vacancy rate is 1.6%, which is a lower rate of vacancies than 89.7% of all neighborhoods in the U.S. This means that the housing supply in Lafayette South is very tight compared to the demand for property here.
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 Lafayette, the Lafayette South neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Most neighborhoods are composed of a mixture of ages of homes, but the Lafayette South stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 87.4% of the residential real estate here was built in this one time period.
In addition, many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Lafayette South neighborhood could be your paradise. With 27.0% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 4.0% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
Did you know that the Lafayette South neighborhood has more Lithuanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.0% of this neighborhood's residents have Lithuanian ancestry.
Lafayette South is also pretty special linguistically. Significantly, 1.1% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 96.3% of the neighborhoods in America.
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 Lafayette South neighborhood in Lafayette are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 81.4% of the neighborhoods in America. In addition, 7.8% 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 57.1% of America'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 Lafayette South neighborhood, 52.9% 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 23.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (15.3%), and 7.9% in clerical, assistant, and tech support occupations.
The most common language spoken in the Lafayette South neighborhood is English, spoken by 84.3% of households. Some people also speak Spanish (12.2%).
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Lafayette South neighborhood in Lafayette, CO, residents most commonly identify their ethnicity or ancestry as German (19.2%). There are also a number of people of Mexican ancestry (11.4%), and residents who report English roots (10.4%), and some of the residents are also of Irish ancestry (8.3%), along with some Italian ancestry residents (6.4%), among others.
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 Lafayette South neighborhood spend between 15 and 30 minutes commuting one-way to work (37.8% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (59.2%) 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 (9.3%) and 7.0% of residents also ride the bus 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.