Abbott School / Lakewood median real estate price is $391,269, which is more expensive than 85.2% of the neighborhoods in Michigan and 60.3% of the neighborhoods in the U.S.
The average rental price in Abbott School / Lakewood is currently $2,672, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.4% of the neighborhoods in Michigan.
Abbott School / Lakewood is a suburban neighborhood (based on population density) located in Ann Arbor, Michigan.
Abbott School / Lakewood real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Abbott School / Lakewood neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Abbott School / Lakewood are 3.8%, which is lower than one will find in 76.2% of American neighborhoods. Demand for real estate in Abbott School / Lakewood is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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 Ann Arbor, the Abbott School / Lakewood neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 80.9% of the adults living in the Abbott School / Lakewood neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 98.1% of U.S. neighborhoods. In this way, this neighborhood truly stands out.
Did you know that the Abbott School / Lakewood neighborhood has more Lithuanian and Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.6% of this neighborhood's residents have Lithuanian ancestry and 6.2% have Scottish ancestry.
Abbott School / Lakewood is also pretty special linguistically. Significantly, 3.1% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 97.2% of the neighborhoods in America.
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 Abbott School / Lakewood neighborhood in Ann Arbor are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 80.9% of the neighborhoods in America. In addition, 6.5% 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 60.8% of America'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 Abbott School / Lakewood neighborhood, 67.7% 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 13.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.1%), and 6.5% in manufacturing and laborer occupations.
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 Abbott School / Lakewood neighborhood is English, spoken by 89.3% of households. Other important languages spoken here include African languages, Korean and Spanish.
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 Abbott School / Lakewood neighborhood in Ann Arbor, MI, residents most commonly identify their ethnicity or ancestry as German (30.7%). There are also a number of people of Irish ancestry (21.1%), and residents who report English roots (17.4%), and some of the residents are also of Asian ancestry (8.1%), along with some Polish ancestry residents (6.4%), among others.
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 Abbott School / Lakewood neighborhood spend under 15 minutes commuting one-way to work (41.6% of working residents), one of the shortest commutes across America.
Here most residents (72.2%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.