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Real Estate Prices & Overview

Lawrence Technological University median real estate price is $252,913, which is more expensive than 54.8% of the neighborhoods in Michigan and 33.6% of the neighborhoods in the U.S.

The average rental price in Lawrence Technological University is currently $1,902, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 77.1% of the neighborhoods in Michigan.

Lawrence Technological University is a suburban neighborhood (based on population density) located in Southfield, Michigan.

Lawrence Technological University real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and townhomes. Most of the residential real estate is renter occupied. Many of the residences in the Lawrence Technological University neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Lawrence Technological University has a 10.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 64.4% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are 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.

People

Astoundingly, the Lawrence Technological University neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 97.8% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular Southfield neighborhood.

In addition, neighborhoodScout's analysis shows that the Lawrence Technological University neighborhood has a greater concentration of residents currently enrolled in college than 97.4% of the neighborhoods in the U.S. With 17.5% of the population here attending college, this is very much a college-focused neighborhood.

Real Estate

The Lawrence Technological University neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 87.2% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Diversity

Did you know that the Lawrence Technological University neighborhood has more Haitian and Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.4% of this neighborhood's residents have Haitian ancestry and 1.6% have Canadian 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 Lawrence Technological University neighborhood in Southfield are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 49.0% of the neighborhoods in America. With 15.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 60.3% 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 Lawrence Technological University neighborhood, 42.4% 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 22.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.8%), and 15.6% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Lawrence Technological University neighborhood is English, spoken by 95.4% 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 Lawrence Technological University neighborhood in Southfield, MI, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (12.8%). There are also a number of people of African ancestry (7.2%), and residents who report Haitian roots (5.4%), and some of the residents are also of Italian ancestry (4.2%), along with some English ancestry residents (4.0%), 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 Lawrence Technological University neighborhood spend between 15 and 30 minutes commuting one-way to work (34.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (84.0%) 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.


Real Estate includes:
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Economics & Demographics include:
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Commute To Work
Migration & Mobility
Race & Ethnic Diversity
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Income & Unemployment Rate
Higher Education Attainment
Crime includes:
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Crimes Per Square Mile
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Schools include:
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