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Real Estate Prices & Overview

Grosvenor / Lake Shore median real estate price is $145,706, which is less expensive than 82.8% of Texas neighborhoods and 87.4% of all U.S. neighborhoods.

The average rental price in Grosvenor / Lake Shore is currently $1,481, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 70.9% of Texas neighborhoods.

Grosvenor / Lake Shore is a remote neighborhood (based on population density) located in Brownwood, Texas.

Grosvenor / Lake Shore real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Grosvenor / Lake Shore 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 Grosvenor / Lake Shore. The current real estate vacancy rate here is 40.5%. This is higher than the rate of vacancies in 97.6% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (22.3%). 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.

Occupations

NeighborhoodScout's exclusive research identifies the Grosvenor / Lake Shore neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 49.0% of its working residents employed in such fields, which is a higher proportion than 98.7% of American neighborhoods.

Real Estate

This neighborhood has wide open spaces, few people, and lots of space to stretch out. If you like locations that fit that description, you may like this neighborhood. Based on NeighborhoodScout's exclusive analysis, with only 24 people per square mile living here, this neighborhood is less crowded than 93.8% of America. One of the notable things about Grosvenor / Lake Shore is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.

In addition, despite all of the residential real estate here in the Grosvenor / Lake Shore 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 40.5%, which is higher than 97.6% of all U.S. neighborhoods.

Furthermore, the real estate in this neighborhood consists of more mobile homes than 96.2% of all neighborhoods in America, with 33.6% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Grosvenor / Lake Shore neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 10.6% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 96.0% of all neighborhoods in America.

People

If you're planning where to retire, the Grosvenor / Lake Shore neighborhood in Brownwood is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in TX, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 85.8% of the neighborhoods in Texas. If you are considering retiring to Texas, this is a good neighborhood to look at.

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 Grosvenor / Lake Shore neighborhood in Brownwood are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 49.4% of the neighborhoods in America. In addition, 7.7% 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 56.8% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Grosvenor / Lake Shore neighborhood, 49.0% 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 20.6% of the residents employed. Other residents here are employed in executive, management, and professional occupations (17.3%), and 13.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Grosvenor / Lake Shore neighborhood is English, spoken by 90.0% of households. Some people also speak Spanish (10.0%).

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 Grosvenor / Lake Shore neighborhood in Brownwood, TX, residents most commonly identify their ethnicity or ancestry as Irish (16.7%). There are also a number of people of German ancestry (15.6%), and residents who report English roots (10.9%), and some of the residents are also of Mexican ancestry (7.6%), along with some Italian ancestry residents (4.3%), 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 Grosvenor / Lake Shore neighborhood spend between 15 and 30 minutes commuting one-way to work (52.5% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (10.6%) who commute over an hour in each direction.

Here most residents (84.7%) 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 (8.3%) . 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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