Capital Lakes Estates median real estate price is $333,160, which is more expensive than 82.3% of the neighborhoods in Arkansas and 42.8% of the neighborhoods in the U.S.
The average rental price in Capital Lakes Estates is currently $1,722, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 91.4% of the neighborhoods in Arkansas.
Capital Lakes Estates is a rural neighborhood (based on population density) located in Little Rock, Arkansas.
Capital Lakes Estates real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 Capital Lakes Estates 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 8.5% in Capital Lakes Estates. NeighborhoodScout analysis shows that this rate is lower than 44.4% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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.
If knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Capital Lakes Estates neighborhood, where 35.9% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.7% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 95.2% of the neighborhoods in America.
In addition, if you are an executive or professional seeking a neighborhood affording an executive lifestyle, or just wanting to find where other executives live in the area, the Capital Lakes Estates neighborhood should be on your list. It has an enviable mix of spacious homes, relatively stable real estate values, and residents that include a number of wealthy executives, managers, and professionals. NeighborhoodScout's exclusive analysis places it as one of the top 11.5% executive lifestyle neighborhoods in the state of Arkansas.
Did you know that the Capital Lakes Estates neighborhood has more Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.9% of this neighborhood's residents have Lebanese ancestry.
Capital Lakes Estates is also pretty special linguistically. Significantly, 3.0% 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 96.6% 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 Capital Lakes Estates neighborhood in Little Rock are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 56.1% of the neighborhoods in America. With 12.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 55.5% 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 Capital Lakes Estates neighborhood, 63.5% 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 18.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.3%), and 8.3% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The most common language spoken in the Capital Lakes Estates neighborhood is English, spoken by 82.1% of households. Some people also speak Arabic (3.0%).
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 Capital Lakes Estates neighborhood in Little Rock, AR, residents most commonly identify their ethnicity or ancestry as Asian (14.8%). There are also a number of people of Irish ancestry (8.0%), and residents who report German roots (5.4%), and some of the residents are also of English ancestry (5.2%), along with some French ancestry residents (2.9%), among others. In addition, 13.7% of the residents of this neighborhood were born in another country.
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 Capital Lakes Estates neighborhood spend under 15 minutes commuting one-way to work (34.4% of working residents), one of the shortest commutes across America.
Here most residents (76.0%) 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 (12.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.