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Real Estate Prices & Overview

Lafayette Square median real estate price is $229,264, which is more expensive than 38.7% of the neighborhoods in Missouri and 24.3% of the neighborhoods in the U.S.

The average rental price in Lafayette Square is currently $1,314, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 58.4% of Missouri neighborhoods.

Lafayette Square is an urban neighborhood (based on population density) located in St. Louis, Missouri.

Lafayette Square real estate is primarily made up of small (studio to two bedroom) to large (four, five or more bedroom) small apartment buildings 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 Lafayette Square neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 2000 and the present.

Lafayette Square has a 13.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 74.9% 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.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

Divorcees may find friendship and understanding in this neighborhood, as 27.0% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 99.5% of the neighborhoods in America.

Real Estate

Corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the Lafayette Square neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 46.8% of the real estate here is made up of such dwellings, which is higher than 98.1% of all U.S. neighborhoods.

In addition, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 64.9% of the residential real estate in the Lafayette Square neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 97.8% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Modes of Transportation

More people in Lafayette Square choose to walk to work each day (11.5%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Lafayette Square neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 57.4% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 95.1% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Diversity

Did you know that the Lafayette Square neighborhood has more Czechoslovakian and Norwegian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.7% of this neighborhood's residents have Czechoslovakian ancestry and 5.9% have Norwegian ancestry.

Lafayette Square is also pretty special linguistically. Significantly, 6.8% of its residents five years old and above primarily speak Italian at home. While this may seem like a small percentage, it is higher than 95.7% of the neighborhoods in America.

The Neighbors

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 Lafayette Square neighborhood in St. Louis are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 61.3% of U.S. neighborhoods. With 42.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 90.9% 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 Lafayette Square neighborhood, 49.4% 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 23.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.4%), and 10.3% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

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 Lafayette Square neighborhood is English, spoken by 97.5% of households. Other important languages spoken here include Italian and Polish.

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 Lafayette Square neighborhood in St. Louis, MO, residents most commonly identify their ethnicity or ancestry as German (32.6%). There are also a number of people of English ancestry (14.7%), and residents who report Irish roots (14.0%), and some of the residents are also of Norwegian ancestry (5.9%), along with some Italian ancestry residents (3.5%), among others.

Getting to Work

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 Lafayette Square neighborhood spend under 15 minutes commuting one-way to work (57.4% of working residents), one of the shortest commutes across America.

Here most residents (71.1%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (11.5%) . 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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