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Real Estate Prices & Overview

Wabash Shores median real estate price is $399,864, which is more expensive than 78.5% of the neighborhoods in Indiana and 53.3% of the neighborhoods in the U.S.

The average rental price in Wabash Shores is currently $1,134, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 82.2% of Indiana neighborhoods.

Wabash Shores is a suburban neighborhood (based on population density) located in West Lafayette, Indiana.

Wabash Shores 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 occupied by a mixture of owners and renters. Many of the residences in the Wabash Shores neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Wabash Shores, the current vacancy rate is 2.3%, which is a lower rate of vacancies than 84.6% of all neighborhoods in the U.S. This means that the housing supply in Wabash Shores 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 West Lafayette, the Wabash Shores neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

Would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Wabash Shores neighborhood is a fantastic option for bicycle commuters, as 5.0% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 98.2% of the neighborhoods in America.

People

If knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Wabash Shores neighborhood, where 39.6% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 96.9% of the neighborhoods in America.

In addition, the Wabash Shores neighborhood is considered a solid choice for executive lifestyles. NeighborhoodScout's analysis ranks it as better than 93.6% of Indiana neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state.

Diversity

Did you know that the Wabash Shores neighborhood has more Scottish and Swiss ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 15.7% of this neighborhood's residents have Scottish ancestry and 1.4% have Swiss ancestry.

Wabash Shores is also pretty special linguistically. Significantly, 4.3% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 98.0% of the neighborhoods in America.

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 Wabash Shores neighborhood in West Lafayette are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 58.9% of the neighborhoods in America. In addition, 3.2% 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 70.7% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Wabash Shores neighborhood, 68.1% 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 13.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (10.7%), and 7.6% 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 Wabash Shores neighborhood is English, spoken by 76.5% of households. Other important languages spoken here include Arabic, Polish and Spanish.

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 Wabash Shores neighborhood in West Lafayette, IN, residents most commonly identify their ethnicity or ancestry as Scottish (15.7%). There are also a number of people of German ancestry (15.5%), and residents who report English roots (10.8%), and some of the residents are also of Asian ancestry (9.0%), along with some Irish ancestry residents (6.2%), among others. In addition, 18.2% of the residents of this neighborhood were born in another country.

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 Wabash Shores neighborhood spend between 15 and 30 minutes commuting one-way to work (49.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (63.9%) 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 (7.8%) . 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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