Lake Richmond / Eagles Nest median real estate price is $296,836, which is less expensive than 74.5% of Florida neighborhoods and 60.9% of all U.S. neighborhoods.
The average rental price in Lake Richmond / Eagles Nest is currently $2,866, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 40.4% of Florida neighborhoods.
Lake Richmond / Eagles Nest is an urban neighborhood (based on population density) located in Orlando, Florida.
Lake Richmond / Eagles Nest real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Lake Richmond / Eagles Nest 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.
Vacant apartments or homes are a major fact of life in Lake Richmond / Eagles Nest. The current real estate vacancy rate here is 31.5%. This is higher than the rate of vacancies in 95.3% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (18.7%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.
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 Orlando, the Lake Richmond / Eagles Nest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Lake Richmond / Eagles Nest has the amazing distinction of housing more same sex couples living together than 97.9% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.
One of the really unique and interesting things about the look and setting of the Lake Richmond / Eagles Nest neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 87.4% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 97.8% of all neighborhoods in America.
In addition, 87.4% of the real estate in the Lake Richmond / Eagles Nest neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America. Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 31.5% of the residential real estate vacant, the Lake Richmond / Eagles Nest neighborhood claims the distinction of having a higher vacancy rate than 95.3% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.
Furthermore, most neighborhoods are composed of a mixture of ages of homes, but the Lake Richmond / Eagles Nest stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 81.3% of the residential real estate here was built in this one time period.
Did you know that the Lake Richmond / Eagles Nest neighborhood has more Brazilian and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.5% of this neighborhood's residents have Brazilian ancestry and 14.3% have South American ancestry.
Lake Richmond / Eagles Nest is also pretty special linguistically. Significantly, 6.8% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 99.5% of the neighborhoods in America.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the Lake Richmond / Eagles Nest neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 97.0% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
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 Lake Richmond / Eagles Nest neighborhood in Orlando are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 83.6% of U.S. neighborhoods. With 25.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 75.8% of U.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 Lake Richmond / Eagles Nest neighborhood, 29.0% 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 clerical, assistant, and tech support occupations, with 28.7% of the residents employed. Other residents here are employed in executive, management, and professional occupations (25.2%), and 17.0% in manufacturing and laborer 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 Lake Richmond / Eagles Nest neighborhood is English, spoken by 54.4% of households. Other important languages spoken here include Spanish, French and Portuguese.
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 Lake Richmond / Eagles Nest neighborhood in Orlando, FL, residents most commonly identify their ethnicity or ancestry as South American (14.3%). There are also a number of people of Haitian ancestry (6.9%), and residents who report Puerto Rican roots (5.7%), and some of the residents are also of Brazilian ancestry (5.5%), along with some Asian ancestry residents (4.2%), among others. In addition, 30.5% 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 Lake Richmond / Eagles Nest neighborhood spend between 15 and 30 minutes commuting one-way to work (53.8% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (63.3%) 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 (16.7%) and 7.2% of residents also ride the bus for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.