Groesbeck median real estate price is $254,069, which is more expensive than 49.9% of the neighborhoods in Michigan and 31.3% of the neighborhoods in the U.S.
The average rental price in Groesbeck is currently $1,604, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 50.9% of Michigan neighborhoods.
Groesbeck is a suburban neighborhood (based on population density) located in Lansing, Michigan.
Groesbeck 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 Groesbeck neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Home and apartment vacancy rates are 8.6% in Groesbeck. NeighborhoodScout analysis shows that this rate is lower than 45.1% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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 Lansing, the Groesbeck neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Groesbeck is ranked among the top 7.2% of neighborhoods for first-time home buyers to consider in the state of Michigan according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the Groesbeck neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers.
Did you know that the Groesbeck neighborhood has more Belgian and Slovak ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.6% of this neighborhood's residents have Belgian ancestry and 1.1% have Slovak ancestry.
Groesbeck is also pretty special linguistically. Significantly, 2.6% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 97.2% of the neighborhoods in America.
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 Groesbeck neighborhood in Lansing are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 62.5% of U.S. neighborhoods. With 23.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 73.7% of U.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 Groesbeck 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 sales and service jobs, from major sales accounts, to working in fast food restaurants, with 25.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (13.1%), and 9.8% 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 Groesbeck neighborhood is English, spoken by 86.6% of households. Other important languages spoken here include Spanish, Chinese and Korean.
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 Groesbeck neighborhood in Lansing, MI, residents most commonly identify their ethnicity or ancestry as Irish (15.4%). There are also a number of people of German ancestry (14.3%), and residents who report English roots (11.4%), and some of the residents are also of Mexican ancestry (8.1%), along with some Asian ancestry residents (6.9%), among others.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Groesbeck neighborhood spend under 15 minutes commuting one-way to work (46.6% of working residents), one of the shortest commutes across America.
Here most residents (70.4%) 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 (14.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.