Lincolnway Village median real estate price is $275,347, which is more expensive than 56.7% of the neighborhoods in Iowa and 33.1% of the neighborhoods in the U.S.
The average rental price in Lincolnway Village is currently $1,203, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 48.3% of Iowa neighborhoods.
Lincolnway Village is a rural neighborhood (based on population density) located in Cedar Rapids, Iowa.
Lincolnway Village 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 occupied by a mixture of owners and renters. Many of the residences in the Lincolnway Village neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Lincolnway Village has a 10.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 64.6% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are 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 Cedar Rapids, the Lincolnway Village neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Of particular note, 3.6% of the people in the Lincolnway Village neighborhood currently reside in a correction facility, held due to punishment for a crime.
In addition, an extraordinary 15.3% of the residents of the Lincolnway Village neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.
Did you know that the Lincolnway Village neighborhood has more Swiss ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.6% of this neighborhood's residents have Swiss ancestry.
Lincolnway Village is also pretty special linguistically. Significantly, 6.4% 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 99.0% 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 Lincolnway Village neighborhood in Cedar Rapids are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 67.8% of U.S. neighborhoods. In addition, 8.3% 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 54.3% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Lincolnway Village neighborhood, 30.2% 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 26.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (22.9%), and 20.4% 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 Lincolnway Village neighborhood is English, spoken by 84.2% of households. Other important languages spoken here include Arabic 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 Lincolnway Village neighborhood in Cedar Rapids, IA, residents most commonly identify their ethnicity or ancestry as German (26.4%). There are also a number of people of Irish ancestry (10.9%), and residents who report Mexican roots (8.7%), and some of the residents are also of Sub-Saharan African ancestry (5.1%), along with some French ancestry residents (2.8%), among others. In addition, 12.1% 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 Lincolnway Village neighborhood spend under 15 minutes commuting one-way to work (49.3% of working residents), one of the shortest commutes across America.
Here most residents (69.1%) 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 (15.9%) and 6.8% of residents also hop out the door and walk to work 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.