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Real Estate Prices & Overview

The Peninsula / Peninsula Lakes median real estate price is $375,988, which is more expensive than 62.2% of the neighborhoods in Delaware and 59.9% of the neighborhoods in the U.S.

The average rental price in The Peninsula / Peninsula Lakes is currently $1,935, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 55.7% of Delaware neighborhoods.

The Peninsula / Peninsula Lakes is a suburban neighborhood (based on population density) located in Millsboro, Delaware. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

The Peninsula / Peninsula Lakes 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 The Peninsula / Peninsula Lakes neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in The Peninsula / Peninsula Lakes. The current real estate vacancy rate here is 29.1%. This is higher than the rate of vacancies in 93.9% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (25.8%). 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

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 get around.

Real Estate

Do you like a coastal setting? If so, this neighborhood may be to your liking. The The Peninsula / Peninsula Lakes neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, The Peninsula / Peninsula Lakes is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

In addition, homes built from 2000 through today make up a higher proportion of the The Peninsula / Peninsula Lakes neighborhood's real estate landscape than 95.9% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 68.7% of the residential real estate here is classified as newer.

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 8.6% of residents in the The Peninsula / Peninsula Lakes neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 99.4% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Diversity

Did you know that the The Peninsula / Peninsula Lakes neighborhood has more English and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 38.5% of this neighborhood's residents have English ancestry and 3.1% have Eastern European ancestry.

The Peninsula / Peninsula Lakes is also pretty special linguistically. Significantly, 2.8% 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 99.6% of the neighborhoods in America.

The Neighbors

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 The Peninsula / Peninsula Lakes neighborhood in Millsboro are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 52.9% of the neighborhoods in America. With 18.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 65.4% of U.S. neighborhoods.

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 The Peninsula / Peninsula Lakes neighborhood, 37.6% 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 27.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (24.4%), and 8.7% in clerical, assistant, and tech support 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 The Peninsula / Peninsula Lakes neighborhood is English, spoken by 91.4% of households. Other important languages spoken here include Italian, Polish, Spanish and Greek.

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 The Peninsula / Peninsula Lakes neighborhood in Millsboro, DE, residents most commonly identify their ethnicity or ancestry as English (38.5%). There are also a number of people of Irish ancestry (23.9%), and residents who report German roots (13.9%), and some of the residents are also of Italian ancestry (8.0%), along with some Scottish ancestry residents (6.0%), among others.

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 The Peninsula / Peninsula Lakes neighborhood spend under 15 minutes commuting one-way to work (33.2% of working residents), one of the shortest commutes across America.

Here most residents (68.2%) drive alone in a private automobile to get to work. In addition, quite a number also bicycle to get to work (8.6%) and 6.1% 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.


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