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Real Estate Prices & Overview

Burt Lake median real estate price is $504,601, which is more expensive than 86.4% of the neighborhoods in Michigan and 65.5% of the neighborhoods in the U.S.

The average rental price in Burt Lake is currently $1,350, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 68.8% of Michigan neighborhoods.

Burt Lake is a remote neighborhood (based on population density) located in Indian River, Michigan.

Burt Lake 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 Burt Lake neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Burt Lake. The current real estate vacancy rate here is 51.6%. This is higher than the rate of vacancies in 98.8% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (47.3%). 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

Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 51.6% of the residential real estate vacant, the Burt Lake neighborhood claims the distinction of having a higher vacancy rate than 98.8% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

People

If you're nearing retirement age, or in retirement, the Burt Lake is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 7.3% of retiree-friendly neighborhoods in Michigan, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Michigan.

Diversity

Did you know that the Burt Lake neighborhood has more Finnish and French Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.6% of this neighborhood's residents have Finnish ancestry and 3.1% have French Canadian ancestry.

Burt Lake is also pretty special linguistically. Significantly, 1.7% of its residents five years old and above primarily speak Native American languages at home. While this may seem like a small percentage, it is higher than 98.8% 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 Burt Lake neighborhood in Indian River are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 55.6% of the neighborhoods in America. With 11.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 52.2% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Burt Lake neighborhood, 36.9% 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 30.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (23.7%), and 10.2% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Burt Lake neighborhood is English, spoken by 96.2% of households. Some people also speak Italian (5.9%).

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 Burt Lake neighborhood in Indian River, MI, residents most commonly identify their ethnicity or ancestry as German (28.5%). There are also a number of people of Irish ancestry (21.8%), and residents who report English roots (10.9%), and some of the residents are also of Polish ancestry (8.8%), along with some French ancestry residents (4.3%), 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 Burt Lake neighborhood spend between 15 and 30 minutes commuting one-way to work (45.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (76.7%) 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 (15.2%) . 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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