Sherbourne / Lakemont median real estate price is $414,537, which is more expensive than 81.8% of the neighborhoods in Kentucky and 54.3% of the neighborhoods in the U.S.
The average rental price in Sherbourne / Lakemont is currently $1,973, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 86.5% of the neighborhoods in Kentucky.
Sherbourne / Lakemont is a suburban neighborhood (based on population density) located in Erlanger, Kentucky.
Sherbourne / Lakemont 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 Sherbourne / Lakemont 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 Sherbourne / Lakemont, the current vacancy rate is 1.5%, which is a lower rate of vacancies than 89.1% of all neighborhoods in the U.S. This means that the housing supply in Sherbourne / Lakemont 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 Erlanger, the Sherbourne / Lakemont neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
With more than 1.8% of residents living with a same sex partner, Sherbourne / Lakemont is truly a neighborhood that stands out from the rest in this regard. In fact, exclusive analysis by NeighborhoodScout reveals that this neighborhood has a greater concentration of same sex couples than 96.3% of U.S. neighborhoods.
In addition, a majority of the adults in the Sherbourne / Lakemont neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for Kentucky by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 95.6% of the neighborhoods in Kentucky. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for active retirees and college students.
Did you know that the Sherbourne / Lakemont neighborhood has more German ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 43.0% of this neighborhood's residents have German ancestry.
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 Sherbourne / Lakemont neighborhood in Erlanger are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 74.0% of the neighborhoods in America. In addition, 5.2% 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 63.8% of America's neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Sherbourne / Lakemont neighborhood, 52.1% 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 19.3% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (15.2%), and 13.1% in clerical, assistant, and tech support occupations.
The most common language spoken in the Sherbourne / Lakemont neighborhood is English, spoken by 96.8% of households.
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Sherbourne / Lakemont neighborhood in Erlanger, KY, residents most commonly identify their ethnicity or ancestry as German (43.0%). There are also a number of people of Irish ancestry (19.0%), and residents who report English roots (13.3%), and some of the residents are also of Italian ancestry (4.1%), along with some Asian ancestry residents (2.8%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Sherbourne / Lakemont neighborhood spend between 15 and 30 minutes commuting one-way to work (51.1% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (78.8%) 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.