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Real Estate Prices & Overview

Lake Shore / Palmyra median real estate price is $607,771, which is more expensive than 64.7% of the neighborhoods in Utah and 75.7% of the neighborhoods in the U.S.

The average rental price in Lake Shore / Palmyra is currently $1,761, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 56.5% of Utah neighborhoods.

Lake Shore / Palmyra is a remote neighborhood (based on population density) located in Spanish Fork, Utah.

Lake Shore / Palmyra 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 Lake Shore / Palmyra neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 7.2% in Lake Shore / Palmyra. NeighborhoodScout analysis shows that this rate is lower than 52.8% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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

Of particular note, 10.3% of the people in the Lake Shore / Palmyra neighborhood currently reside in a correction facility, held due to punishment for a crime.

In addition, if you're planning where to retire, the Lake Shore / Palmyra neighborhood in Spanish Fork 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 UT, 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 87.3% of the neighborhoods in Utah. If you are considering retiring to Utah, this is a good neighborhood to look at.

Diversity

Did you know that the Lake Shore / Palmyra neighborhood has more English and Danish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 42.3% of this neighborhood's residents have English ancestry and 3.7% have Danish ancestry.

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 Lake Shore / Palmyra neighborhood in Spanish Fork are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 60.8% of the neighborhoods in America. In addition, 5.6% 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 62.9% of America'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 Lake Shore / Palmyra neighborhood, 51.8% 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 20.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (15.5%), and 12.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Lake Shore / Palmyra neighborhood is English, spoken by 93.7% of households. Some people also speak Spanish (3.0%).

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 Lake Shore / Palmyra neighborhood in Spanish Fork, UT, residents most commonly identify their ethnicity or ancestry as English (42.3%). There are also a number of people of German ancestry (10.0%), and residents who report Scottish roots (5.6%), and some of the residents are also of Danish ancestry (3.7%), along with some Norwegian ancestry residents (3.4%), 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 Lake Shore / Palmyra neighborhood spend between 15 and 30 minutes commuting one-way to work (42.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (73.9%) 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 (13.8%) . 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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