Lakeville West median real estate price is $583,352, which is more expensive than 89.8% of the neighborhoods in Minnesota and 73.3% of the neighborhoods in the U.S.
The average rental price in Lakeville West is currently $2,639, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 91.1% of the neighborhoods in Minnesota.
Lakeville West is a rural neighborhood (based on population density) located in Lakeville, Minnesota.
Lakeville West real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Lakeville West 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.
In Lakeville West, the current vacancy rate is 2.4%, which is a lower rate of vacancies than 84.1% of all neighborhoods in the U.S. This means that the housing supply in Lakeville West is very tight compared to the demand for property here.
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 Lakeville, the Lakeville West neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Lakeville West neighborhood have a highly unusual car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 51.5% of the households here have four, five, or more cars. That is more cars per household than in 99.7% of the neighborhoods in the nation.
Real estate in the Lakeville West neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 98.7% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood.
In addition, one way that the Lakeville West neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 96.4% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
According to NeighborhoodScout's exclusive analysis, Lakeville West is among the best neighborhoods for families in Minnesota. In fact, this neighborhood is more family-friendly than 98.7% of neighborhoods in the entire state of Minnesota. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Lakeville West neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for college students.
Each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the Lakeville West neighborhood truly stands out among U.S. neighborhoods. According to exclusive NeighborhoodScout analysis, this neighborhood has a greater proportion of farmers, foresters, or fishers than 95.0% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.
Did you know that the Lakeville West neighborhood has more German and Swedish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 50.5% of this neighborhood's residents have German ancestry and 8.3% have Swedish ancestry.
Lakeville West is also pretty special linguistically. Significantly, 2.7% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 95.2% 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 Lakeville West neighborhood in Lakeville are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 93.8% of the neighborhoods in America. In addition, 1.7% 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 76.2% 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 Lakeville West neighborhood, 39.5% 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 26.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.5%), and 12.7% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The most common language spoken in the Lakeville West neighborhood is English, spoken by 96.2% of households. Some people also speak Tagalog (the first language of the Philippine region) (2.7%).
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 Lakeville West neighborhood in Lakeville, MN, residents most commonly identify their ethnicity or ancestry as German (50.5%). There are also a number of people of Irish ancestry (22.8%), and residents who report Norwegian roots (12.5%), and some of the residents are also of Swedish ancestry (8.3%), along with some English ancestry residents (4.1%), 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 Lakeville West neighborhood spend between 15 and 30 minutes commuting one-way to work (34.0% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (82.0%) 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.