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Real Estate Prices & Overview

N Ridge Rd W / Cooper Foster Park Rd W median real estate price is $243,096, which is more expensive than 59.3% of the neighborhoods in Ohio and 31.4% of the neighborhoods in the U.S.

The average rental price in N Ridge Rd W / Cooper Foster Park Rd W is currently $1,067, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 87.0% of Ohio neighborhoods.

N Ridge Rd W / Cooper Foster Park Rd W is a suburban neighborhood (based on population density) located in Lorain, Ohio.

N Ridge Rd W / Cooper Foster Park Rd W 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 owner occupied. Many of the residences in the N Ridge Rd W / Cooper Foster Park Rd W neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in N Ridge Rd W / Cooper Foster Park Rd W are 5.4%, which is lower than one will find in 63.9% of American neighborhoods. Demand for real estate in N Ridge Rd W / Cooper Foster Park Rd W 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.

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 Lorain, the N Ridge Rd W / Cooper Foster Park Rd W 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 N Ridge Rd W / Cooper Foster Park Rd W neighborhood has more Hungarian and Slovak ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.4% of this neighborhood's residents have Hungarian ancestry and 4.1% have Slovak ancestry.

N Ridge Rd W / Cooper Foster Park Rd W is also pretty special linguistically. Significantly, 9.4% of its residents five years old and above primarily speak Polish at home. While this may seem like a small percentage, it is higher than 97.9% of the neighborhoods in America.

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 N Ridge Rd W / Cooper Foster Park Rd W neighborhood in Lorain are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 64.2% of U.S. neighborhoods. With 35.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.1% 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 N Ridge Rd W / Cooper Foster Park Rd W neighborhood, 39.4% 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 34.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.5%), and 10.6% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the N Ridge Rd W / Cooper Foster Park Rd W neighborhood is English, spoken by 93.7% of households. Other important languages spoken here include Polish and Spanish.

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 N Ridge Rd W / Cooper Foster Park Rd W neighborhood in Lorain, OH, residents most commonly identify their ethnicity or ancestry as German (18.1%). There are also a number of people of English ancestry (12.3%), and residents who report Irish roots (10.3%), and some of the residents are also of Mexican ancestry (8.4%), along with some Polish ancestry residents (6.4%), 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 N Ridge Rd W / Cooper Foster Park Rd W neighborhood spend between 15 and 30 minutes commuting one-way to work (34.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (88.8%) 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 (5.4%) . 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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