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Real Estate Prices & Overview

Lakeport median real estate price is $174,770, which is more expensive than 34.9% of the neighborhoods in Michigan and 21.6% of the neighborhoods in the U.S.

The average rental price in Lakeport is currently $1,627, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.0% of Michigan neighborhoods.

Lakeport is a rural neighborhood (based on population density) located in Fort Gratiot, Michigan.

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

Lakeport has a 15.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 78.2% of American neighborhoods). A relatively large percentage of housing here is seasonally occupied (12.2%), 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 Fort Gratiot, the Lakeport neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Diversity

Did you know that the Lakeport neighborhood has more Belgian and Polish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.1% of this neighborhood's residents have Belgian ancestry and 14.2% have Polish ancestry.

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 Lakeport neighborhood in Fort Gratiot are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 60.3% of U.S. neighborhoods. With 23.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 73.0% 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 Lakeport neighborhood, 37.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 25.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.2%), and 15.1% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Lakeport neighborhood is English, spoken by 96.8% of households.

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 Lakeport neighborhood in Fort Gratiot, MI, residents most commonly identify their ethnicity or ancestry as German (18.1%). There are also a number of people of Polish ancestry (14.2%), and residents who report English roots (12.1%), and some of the residents are also of Irish ancestry (10.3%), along with some French ancestry residents (5.8%), among others.

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 Lakeport neighborhood spend between 15 and 30 minutes commuting one-way to work (39.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (80.5%) 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 (13.5%) . 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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