Michael Way Southeast median real estate price is $343,247, which is less expensive than 80.7% of Nevada neighborhoods and 54.3% of all U.S. neighborhoods.
The average rental price in Michael Way Southeast is currently $1,828, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 79.3% of Nevada neighborhoods.
Michael Way Southeast is an urban neighborhood (based on population density) located in Las Vegas, Nevada.
Michael Way Southeast real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Michael Way Southeast 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 Michael Way Southeast are 4.1%, which is lower than one will find in 71.8% of American neighborhoods. Demand for real estate in Michael Way Southeast 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 Las Vegas, the Michael Way Southeast neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The Michael Way Southeast neighborhood is unique for having just 7.0% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 95.5% of America's neighborhoods.
Did you know that the Michael Way Southeast neighborhood has more Cuban and Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.5% of this neighborhood's residents have Cuban ancestry and 62.6% have Mexican ancestry.
Michael Way Southeast is also pretty special linguistically. Significantly, 1.6% 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 98.7% 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 Michael Way Southeast neighborhood in Las Vegas are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 80.2% of U.S. neighborhoods. With 41.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 90.4% 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 Michael Way Southeast neighborhood, 34.6% of the working population is employed in manufacturing and laborer 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 32.6% of the residents employed. Other residents here are employed in executive, management, and professional occupations (19.1%), and 13.8% in clerical, assistant, and tech support occupations.
The most common language spoken in the Michael Way Southeast neighborhood is Spanish, spoken by 58.3% of households. Some people also speak English (40.1%).
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Michael Way Southeast neighborhood in Las Vegas, NV, residents most commonly identify their ethnicity or ancestry as Mexican (62.6%). There are also a number of people of Cuban ancestry (4.5%), and residents who report German roots (2.9%), and some of the residents are also of Asian ancestry (2.1%), along with some South American ancestry residents (1.8%), among others. In addition, 26.5% of the residents of this neighborhood were born in another country.
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 Michael Way Southeast neighborhood spend between 15 and 30 minutes commuting one-way to work (53.3% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (78.5%) 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 (14.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.