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Real Estate Prices & Overview

Baoba / Forest Lake Park median real estate price is $385,590, which is more expensive than 73.7% of the neighborhoods in Pennsylvania and 55.6% of the neighborhoods in the U.S.

The average rental price in Baoba / Forest Lake Park is currently $3,046, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 92.9% of the neighborhoods in Pennsylvania.

Baoba / Forest Lake Park is a remote neighborhood (based on population density) located in Hawley, Pennsylvania.

Baoba / Forest Lake Park real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Baoba / Forest Lake Park neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Baoba / Forest Lake Park. The current real estate vacancy rate here is 51.7%. 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 (50.1%). 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

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

In a nation where 1 out of every 4 children lives in poverty, the Baoba / Forest Lake Park neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, according to NeighborhoodScout's research, Baoba / Forest Lake Park is better suited for first-time home buyers than 89.9% of neighborhoods in the state. Most homes here are priced below the state's median house value, yet maintain comparably good appreciation rates over the last decade relative to other neighborhoods in Pennsylvania. Along with an exclusive multi-metric measure of neighborhood quality developed by NeighborhoodScout that scores high here in this neighborhood, this means that buying into the neighborhood is not only an accessible option but considered a decent first time home buyer choice for building equity in your first home, while being in a quality neighborhood

Real Estate

Despite all of the residential real estate here in the Baoba / Forest Lake Park neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 51.7%, which is higher than 98.8% of all U.S. neighborhoods.

Modes of Transportation

While most Americans do drive to work alone each day, the Baoba / Forest Lake Park neighborhood stands out by having 92.1% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 98.2% of all American neighborhoods.

Diversity

Did you know that the Baoba / Forest Lake Park neighborhood has more Irish and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 34.1% of this neighborhood's residents have Irish ancestry and 4.7% have Hungarian ancestry.

Baoba / Forest Lake Park is also pretty special linguistically. Significantly, 7.4% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 100.0% 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 Baoba / Forest Lake Park neighborhood in Hawley are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 61.5% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America'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 Baoba / Forest Lake Park neighborhood, 37.7% 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 23.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (19.1%), and 19.0% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Baoba / Forest Lake Park neighborhood is English, spoken by 90.3% of households. Some people also speak Mon-Khmer (the dominant language of Cambodia) (7.4%).

Ethnicity / Ancestry

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 Baoba / Forest Lake Park neighborhood in Hawley, PA, residents most commonly identify their ethnicity or ancestry as Irish (34.1%). There are also a number of people of Italian ancestry (17.3%), and residents who report German roots (13.7%), and some of the residents are also of English ancestry (11.7%), along with some Polish ancestry residents (7.1%), 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 Baoba / Forest Lake Park neighborhood spend under 15 minutes commuting one-way to work (46.1% of working residents), one of the shortest commutes across America.

Here most residents (92.1%) 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.


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