4th St NW / Lyndale Ave N median real estate price is $203,299, which is less expensive than 89.6% of Minnesota neighborhoods and 80.5% of all U.S. neighborhoods.
The average rental price in 4th St NW / Lyndale Ave N is currently $1,637, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 54.8% of Minnesota neighborhoods.
4th St NW / Lyndale Ave N is a suburban neighborhood (based on population density) located in Faribault, Minnesota.
4th St NW / Lyndale Ave N real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the 4th St NW / Lyndale Ave N neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In 4th St NW / Lyndale Ave N, the current vacancy rate is 2.4%, which is a lower rate of vacancies than 82.3% of all neighborhoods in the U.S. This means that the housing supply in 4th St NW / Lyndale Ave N is very tight compared to the demand for property here.
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.
NeighborhoodScout's exclusive research identifies the 4th St NW / Lyndale Ave N neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 44.6% of its working residents employed in such fields, which is a higher proportion than 97.3% of American neighborhoods.
With a nice mix of college students, safety from crime, and decent walkability, the 4th St NW / Lyndale Ave N neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 85.3% of the neighborhoods in MN. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.
Did you know that the 4th St NW / Lyndale Ave N neighborhood has more Sub-Saharan African and Czechoslovakian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 25.8% of this neighborhood's residents have Sub-Saharan African ancestry and 0.5% have Czechoslovakian ancestry.
4th St NW / Lyndale Ave N is also pretty special linguistically. Significantly, 8.4% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 99.5% 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 4th St NW / Lyndale Ave N neighborhood in Faribault are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 70.9% of U.S. neighborhoods. With 50.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 94.2% of U.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 4th St NW / Lyndale Ave N neighborhood, 44.6% of the working population is employed in manufacturing and laborer 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 22.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (20.3%), and 12.6% 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 4th St NW / Lyndale Ave N neighborhood is English, spoken by 72.1% of households. Other important languages spoken here include Spanish and African languages.
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 4th St NW / Lyndale Ave N neighborhood in Faribault, MN, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (25.8%). There are also a number of people of German ancestry (19.0%), and residents who report Mexican roots (15.7%), and some of the residents are also of Irish ancestry (8.2%), along with some Norwegian ancestry residents (5.2%), among others. In addition, 27.8% of the residents of this neighborhood were born in another country.
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 4th St NW / Lyndale Ave N neighborhood spend under 15 minutes commuting one-way to work (47.1% of working residents), one of the shortest commutes across America.
Here most residents (72.6%) 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 (22.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.