Lakewood Village median real estate price is $46,872, which is less expensive than 99.5% of Florida neighborhoods and 99.2% of all U.S. neighborhoods.
The average rental price in Lakewood Village is currently $1,443, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 94.3% of Florida neighborhoods.
Lakewood Village is a suburban neighborhood (based on population density) located in Vero Beach, Florida.
Lakewood Village real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) mobile homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Lakewood Village 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 Lakewood Village. The current real estate vacancy rate here is 27.7%. This is higher than the rate of vacancies in 93.6% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
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 Vero Beach, the Lakewood Village neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Of note is NeighborhoodScout's research finding that the Lakewood Village neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Lakewood Village community truly stands out from the rest in this regard.
In addition, one of the most interesting things about the Lakewood Village neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 55.8% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 97.9% of the neighborhoods in America.
The Lakewood Village neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 95.6% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 100.0% of the neighborhoods in the U.S. If you like mobile homes, this might be a great neighborhood in which to look for real estate.
In addition, most neighborhoods are composed of a mixture of ages of homes, but the Lakewood Village stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 82.3% of the residential real estate here was built in this one time period.
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Lakewood Village neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Lakewood Village neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 29.0% 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 99.9% of all neighborhoods in America.
There are more people living in the Lakewood Village neighborhood employed as sales and service workers (49.1%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.
Our research reveals that 91.3% of commuters who live in the Lakewood Village neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 97.6% of U.S. neighborhoods.
Did you know that the Lakewood Village neighborhood has more Lithuanian and French Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.5% of this neighborhood's residents have Lithuanian ancestry and 6.1% have French Canadian ancestry.
Lakewood Village is also pretty special linguistically. Significantly, 0.8% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 97.1% of the neighborhoods in America.
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 Lakewood Village neighborhood in Vero Beach are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 85.9% of U.S. neighborhoods. 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.
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 Lakewood Village neighborhood, 50.9% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 30.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.6%), and 3.7% in clerical, assistant, and tech support occupations.
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 Lakewood Village neighborhood is English, spoken by 93.2% of households. Other important languages spoken here include French and Spanish.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Lakewood Village neighborhood in Vero Beach, FL, residents most commonly identify their ethnicity or ancestry as Irish (16.0%). There are also a number of people of English ancestry (14.1%), and residents who report German roots (10.5%), and some of the residents are also of Polish ancestry (10.1%), along with some French ancestry residents (7.3%), among others.
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 Lakewood Village neighborhood spend between 30 and 45 minutes commuting one-way to work (30.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods. However, there is also a significant group of residents (29.0%) who commute over an hour in each direction.
Here most residents (91.3%) 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.