Lake Shore Estates / Samford University median real estate price is $502,496, which is more expensive than 92.1% of the neighborhoods in Alabama and 64.5% of the neighborhoods in the U.S.
The average rental price in Lake Shore Estates / Samford University is currently $2,070, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 88.6% of the neighborhoods in Alabama.
Lake Shore Estates / Samford University is a suburban neighborhood (based on population density) located in Homewood, Alabama.
Lake Shore Estates / Samford University real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Lake Shore Estates / Samford University neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Lake Shore Estates / Samford University are 4.0%, which is lower than one will find in 71.2% of American neighborhoods. Demand for real estate in Lake Shore Estates / Samford University is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Of note is NeighborhoodScout's research finding that the Lake Shore Estates / Samford University 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 Lake Shore Estates / Samford University community truly stands out from the rest in this regard.
In addition, one of the really interesting characteristics about the Lake Shore Estates / Samford University neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 0.5% of college-friendly places to live in the state of Alabama.
Also, neighborhoodScout's analysis shows that the Lake Shore Estates / Samford University neighborhood has a greater concentration of residents currently enrolled in college than 99.2% of the neighborhoods in the U.S. With 49.5% of the population here attending college, this is very much a college-focused neighborhood.
More people in Lake Shore Estates / Samford University choose to walk to work each day (11.3%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Significantly, 2.5% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 95.4% 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 Lake Shore Estates / Samford University neighborhood in Homewood are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 64.6% 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.
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 Lake Shore Estates / Samford University neighborhood, 43.9% 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 31.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (14.6%), and 10.2% in manufacturing and laborer 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 Lake Shore Estates / Samford University neighborhood is English, spoken by 86.3% of households. Other important languages spoken here include Spanish and Arabic.
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 Lake Shore Estates / Samford University neighborhood in Homewood, AL, residents most commonly identify their ethnicity or ancestry as English (8.9%). There are also a number of people of Asian ancestry (5.8%), and residents who report Mexican roots (4.3%), and some of the residents are also of German ancestry (3.8%), along with some Sub-Saharan African ancestry residents (3.2%), 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 Lake Shore Estates / Samford University neighborhood spend under 15 minutes commuting one-way to work (48.1% of working residents), one of the shortest commutes across America.
Here most residents (71.3%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (11.3%) and 6.9% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.