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Real Estate Prices & Overview

Lakeview median real estate price is $231,277, which is more expensive than 37.4% of the neighborhoods in Texas and 27.0% of the neighborhoods in the U.S.

The average rental price in Lakeview is currently $1,842, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 46.3% of Texas neighborhoods.

Lakeview is an urban neighborhood (based on population density) located in Grand Prairie, Texas.

Lakeview 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 Lakeview 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 Lakeview are 5.0%, which is lower than one will find in 66.6% of American neighborhoods. Demand for real estate in Lakeview 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

NeighborhoodScout's exclusive research revealed that 93.0% of the adult residents in the Lakeview neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 95.2% of the neighborhoods in America.

Diversity

Did you know that the Lakeview neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 68.6% of this neighborhood's residents have Mexican ancestry.

Lakeview is also pretty special linguistically. Significantly, 66.9% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 96.9% of all U.S. neighborhoods.

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 Lakeview neighborhood in Grand Prairie are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 84.6% of U.S. neighborhoods. With 31.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 82.8% 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 Lakeview neighborhood, 40.1% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 24.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.6%), and 14.1% in executive, management, and professional occupations.

Languages

The most common language spoken in the Lakeview neighborhood is Spanish, spoken by 66.9% of households. Some people also speak English (30.5%).

Ethnicity / Ancestry

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 Lakeview neighborhood in Grand Prairie, TX, residents most commonly identify their ethnicity or ancestry as Mexican (68.6%). There are also a number of people of Sub-Saharan African ancestry (3.7%), and residents who report African roots (2.5%), and some of the residents are also of Asian ancestry (1.1%), along with some Irish ancestry residents (1.1%), among others. In addition, 37.0% 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 Lakeview neighborhood spend between 15 and 30 minutes commuting one-way to work (33.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (80.0%) 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 (13.9%) . 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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