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Real Estate Prices & Overview

Lenox median real estate price is $415,407, which is more expensive than 67.5% of the neighborhoods in Minnesota and 57.2% of the neighborhoods in the U.S.

The average rental price in Lenox is currently $2,390, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 81.6% of the neighborhoods in Minnesota.

Lenox is a suburban neighborhood (based on population density) located in St. Louis Park, Minnesota.

Lenox 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 Lenox neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.

In Lenox, the current vacancy rate is 0.5%, which is a lower rate of vacancies than 93.1% of all neighborhoods in the U.S. This means that the housing supply in Lenox is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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 St. Louis Park, the Lenox neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

If you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the Lenox neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 97.7% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the Lenox neighborhood.

Diversity

Did you know that the Lenox neighborhood has more Croatian and Norwegian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.1% of this neighborhood's residents have Croatian ancestry and 13.5% have Norwegian ancestry.

The Neighbors

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 Lenox neighborhood in St. Louis Park are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 83.7% of the neighborhoods in America. In addition, 1.3% 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 77.7% 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 Lenox neighborhood, 57.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 19.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (14.2%), and 9.1% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Lenox neighborhood is English, spoken by 96.3% of households. Some people also speak Spanish (3.2%).

Ethnicity / Ancestry

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 Lenox neighborhood in St. Louis Park, MN, residents most commonly identify their ethnicity or ancestry as German (29.7%). There are also a number of people of Norwegian ancestry (13.5%), and residents who report Irish roots (12.3%), and some of the residents are also of English ancestry (8.2%), along with some Swedish ancestry residents (6.6%), among others.

Getting to Work

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 Lenox neighborhood spend between 15 and 30 minutes commuting one-way to work (52.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (67.3%) 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 (8.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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