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Real Estate Prices & Overview

Lake Bonnet / North Lake Wire median real estate price is $65,701, which is less expensive than 98.6% of Florida neighborhoods and 97.3% of all U.S. neighborhoods.

The average rental price in Lake Bonnet / North Lake Wire is currently $1,302, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 96.9% of Florida neighborhoods.

Lake Bonnet / North Lake Wire is a suburban neighborhood (based on population density) located in Lakeland, Florida.

Lake Bonnet / North Lake Wire real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) mobile homes and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Lake Bonnet / North Lake Wire neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Lake Bonnet / North Lake Wire has a 15.9% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 79.9% of American neighborhoods). A relatively large percentage of housing here is seasonally occupied (10.4%), which can occur in some markets dominated by colleges or vacation homes. If you live here year round, you will find many of the homes or apartments are empty for all or a portion of the year.

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 Lakeland, the Lake Bonnet / North Lake Wire neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The real estate in this neighborhood consists of more mobile homes than 98.2% of all neighborhoods in America, with 42.6% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.

People

One of the unique characteristics of the Lake Bonnet / North Lake Wire neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 95.9% of the neighborhoods in America.

Diversity

Did you know that the Lake Bonnet / North Lake Wire neighborhood has more Canadian and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.1% of this neighborhood's residents have Canadian ancestry and 12.4% have Puerto Rican ancestry.

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 Lake Bonnet / North Lake Wire neighborhood in Lakeland are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.9% of U.S. neighborhoods. With 24.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 74.4% 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 Lake Bonnet / North Lake Wire neighborhood, 35.6% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 22.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.5%), and 20.9% in executive, management, and professional occupations.

Languages

The most common language spoken in the Lake Bonnet / North Lake Wire neighborhood is English, spoken by 76.5% of households. Some people also speak Spanish (21.2%).

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 Bonnet / North Lake Wire neighborhood in Lakeland, FL, residents most commonly identify their ethnicity or ancestry as Puerto Rican (12.4%). There are also a number of people of Mexican ancestry (6.6%), and residents who report Sub-Saharan African roots (5.9%), and some of the residents are also of African ancestry (5.1%), along with some English ancestry residents (3.9%), among others. In addition, 13.5% 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 Lake Bonnet / North Lake Wire neighborhood spend between 15 and 30 minutes commuting one-way to work (49.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (78.6%) 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 (13.4%) . 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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