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Real Estate Prices & Overview

Emerald Lakes / Sandshores Lake Estates median real estate price is $494,778, which is more expensive than 89.2% of the neighborhoods in Michigan and 65.7% of the neighborhoods in the U.S.

The average rental price in Emerald Lakes / Sandshores Lake Estates is currently $2,742, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.9% of the neighborhoods in Michigan.

Emerald Lakes / Sandshores Lake Estates is a suburban neighborhood (based on population density) located in Troy, Michigan.

Emerald Lakes / Sandshores Lake Estates real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Emerald Lakes / Sandshores Lake Estates neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Emerald Lakes / Sandshores Lake Estates are 3.9%, which is lower than one will find in 73.9% of American neighborhoods. Demand for real estate in Emerald Lakes / Sandshores Lake Estates 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.

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

In a nation where 1 out of every 4 children lives in poverty, the Emerald Lakes / Sandshores Lake Estates neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, one of the really interesting characteristics about the Emerald Lakes / Sandshores Lake Estates neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 1.6% of college-friendly places to live in the state of Michigan. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for highly educated executives, urban sophisticates and families with school-aged children.

Also, neighborhoodScout's analysis shows that the Emerald Lakes / Sandshores Lake Estates neighborhood has a greater concentration of residents currently enrolled in college than 96.7% of the neighborhoods in the U.S. With 14.2% of the population here attending college, this is very much a college-focused neighborhood.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Emerald Lakes / Sandshores Lake Estates neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 37.2% of the households here have four, five, or more cars. That is more cars per household than in 97.1% of the neighborhoods in the nation.

Diversity

Did you know that the Emerald Lakes / Sandshores Lake Estates neighborhood has more Romanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.2% of this neighborhood's residents have Romanian ancestry.

Emerald Lakes / Sandshores Lake Estates is also pretty special linguistically. Significantly, 3.2% of its residents five years old and above primarily speak Vietnamese at home. While this may seem like a small percentage, it is higher than 96.8% 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 Emerald Lakes / Sandshores Lake Estates neighborhood in Troy are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 88.4% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America'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 Emerald Lakes / Sandshores Lake Estates neighborhood, 48.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 24.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (14.2%), and 13.0% in manufacturing and laborer occupations.

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 Emerald Lakes / Sandshores Lake Estates neighborhood is English, spoken by 73.7% of households. Other important languages spoken here include Vietnamese, Chinese, 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 Emerald Lakes / Sandshores Lake Estates neighborhood in Troy, MI, residents most commonly identify their ethnicity or ancestry as Asian (19.1%). There are also a number of people of German ancestry (12.8%), and residents who report Irish roots (11.7%), and some of the residents are also of English ancestry (11.2%), along with some Polish ancestry residents (9.1%), among others. In addition, 23.0% of the residents of this neighborhood were born in another country.

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 Emerald Lakes / Sandshores Lake Estates neighborhood spend under 15 minutes commuting one-way to work (30.0% of working residents), one of the shortest commutes across America.

Here most residents (63.7%) 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 (13.0%) . 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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Schools include:
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