Fountain Lake median real estate price is $150,551, which is less expensive than 66.8% of Arkansas neighborhoods and 87.6% of all U.S. neighborhoods.
The average rental price in Fountain Lake is currently $1,524, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 71.7% of the neighborhoods in Arkansas.
Fountain Lake is a remote neighborhood (based on population density) located in Hot Springs, Arkansas.
Fountain Lake 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 Fountain Lake 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.
Real estate vacancies in Fountain Lake are 5.3%, which is lower than one will find in 64.4% of American neighborhoods. Demand for real estate in Fountain Lake is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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 Hot Springs, the Fountain Lake neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The real estate in this neighborhood consists of more mobile homes than 98.0% of all neighborhoods in America, with 41.5% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.
Did you know that the Fountain Lake neighborhood has more Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 24.2% of this neighborhood's residents have Irish ancestry.
Fountain Lake is also pretty special linguistically. Significantly, 0.6% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 95.0% 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 Fountain Lake neighborhood in Hot Springs are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 80.8% of U.S. neighborhoods. With 25.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 75.7% 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 Fountain Lake neighborhood, 33.4% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 32.9% of the residents employed. Other residents here are employed in executive, management, and professional occupations (20.3%), and 13.4% 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 Fountain Lake neighborhood is English, spoken by 97.9% of households. Other important languages spoken here include Italian and Polish.
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Fountain Lake neighborhood in Hot Springs, AR, residents most commonly identify their ethnicity or ancestry as Irish (24.2%). There are also a number of people of German ancestry (19.3%), and residents who report English roots (7.1%), and some of the residents are also of Scottish ancestry (3.2%), along with some Polish ancestry residents (3.0%), among others.
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 Fountain Lake neighborhood spend between 15 and 30 minutes commuting one-way to work (43.0% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (87.7%) 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 (6.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.