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Real Estate Prices & Overview

40th and A median real estate price is $252,572, which is more expensive than 54.6% of the neighborhoods in Nebraska and 33.4% of the neighborhoods in the U.S.

The average rental price in 40th and A is currently $1,217, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 62.1% of Nebraska neighborhoods.

40th and A is a suburban neighborhood (based on population density) located in Lincoln, Nebraska.

40th and A 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 40th and A neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In 40th and A, the current vacancy rate is 1.0%, which is a lower rate of vacancies than 91.4% of all neighborhoods in the U.S. This means that the housing supply in 40th and A is very tight compared to the demand for property here.

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.

Diversity

Significantly, 1.1% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 96.3% 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 40th and A neighborhood in Lincoln are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 62.8% of U.S. neighborhoods. With 16.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 63.7% 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 40th and A neighborhood, 39.1% 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 29.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (18.0%), and 13.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the 40th and A neighborhood is English, spoken by 92.0% of households. Some people also speak Spanish (2.3%).

Ethnicity / Ancestry

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 40th and A neighborhood in Lincoln, NE, residents most commonly identify their ethnicity or ancestry as German (25.3%). There are also a number of people of Irish ancestry (10.5%), and residents who report English roots (8.3%), and some of the residents are also of Mexican ancestry (5.1%), along with some Swedish ancestry residents (2.3%), among others.

Getting to Work

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 40th and A neighborhood spend under 15 minutes commuting one-way to work (48.1% of working residents), one of the shortest commutes across America.

Here most residents (76.0%) 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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