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Real Estate Prices & Overview

West Lake median real estate price is $199,709, which is less expensive than 76.1% of Georgia neighborhoods and 77.3% of all U.S. neighborhoods.

The average rental price in West Lake is currently $1,191, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 91.7% of Georgia neighborhoods.

West Lake is a suburban neighborhood (based on population density) located in Atlanta, Georgia.

West Lake 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 renter occupied. Many of the residences in the West Lake neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in West Lake. The current real estate vacancy rate here is 26.6%. This is higher than the rate of vacancies in 92.9% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

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 Atlanta, the West Lake neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

One of the most interesting things about the West Lake neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 68.0% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 99.7% of the neighborhoods in America.

In addition, of note, 59.4% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

Also, west Lake is ranked among the top 9.5% of neighborhoods for first-time home buyers to consider in the state of Georgia according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the West Lake neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers.

Occupations

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the West Lake neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 23.5% of its workforce, this neighborhood has a greater concentration of government workers than 99.5% of U.S. neighborhoods.

Furthermore, there are more people living in the West Lake neighborhood employed as sales and service workers (52.8%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Diversity

Did you know that the West Lake neighborhood has more African and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 20.0% of this neighborhood's residents have African ancestry and 24.4% have Sub-Saharan African ancestry.

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 West Lake neighborhood in Atlanta are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% of U.S. neighborhoods. With 59.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 96.7% 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 West Lake neighborhood, 47.2% 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 executive, management, and professional occupations, with 33.7% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (23.5%), and 11.2% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the West Lake neighborhood is English, spoken by 95.0% of households.

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 West Lake neighborhood in Atlanta, GA, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (24.4%). There are also a number of people of African ancestry (20.0%), and residents who report German roots (3.7%), and some of the residents are also of Irish ancestry (2.8%), along with some Scots-Irish ancestry residents (1.6%), 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 West Lake neighborhood spend between 15 and 30 minutes commuting one-way to work (50.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (48.8%) 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 (13.2%) and 5.8% of residents also take the train 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.


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