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Real Estate Prices & Overview

Lakewood Village median real estate price is $480,897, which is more expensive than 79.3% of the neighborhoods in Texas and 64.7% of the neighborhoods in the U.S.

The average rental price in Lakewood Village is currently $2,922, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 92.8% of the neighborhoods in Texas.

Lakewood Village is a rural neighborhood (based on population density) located in Little Elm, Texas.

Lakewood Village real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Lakewood Village neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 7.4% in Lakewood Village. NeighborhoodScout analysis shows that this rate is lower than 51.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Modes of Transportation

A unique way of commuting is simply not to. And in the Lakewood Village neighborhood, analysis shows that 27.7% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 95.4% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.

Real Estate

Homes built from 2000 through today make up a higher proportion of the Lakewood Village neighborhood's real estate landscape than 95.2% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 67.0% of the residential real estate here is classified as newer.

People

If you are an executive or professional seeking a neighborhood affording an executive lifestyle, or just wanting to find where other executives live in the area, the Lakewood Village neighborhood should be on your list. It has an enviable mix of spacious homes, relatively stable real estate values, and residents that include a number of wealthy executives, managers, and professionals. NeighborhoodScout's exclusive analysis places it as one of the top 14.0% executive lifestyle neighborhoods in the state of Texas.

Diversity

Did you know that the Lakewood Village neighborhood has more Czechoslovakian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.5% of this neighborhood's residents have Czechoslovakian ancestry.

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 Lakewood Village neighborhood in Little Elm are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 84.6% of the neighborhoods in America. In addition, 6.6% 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 59.7% 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 Lakewood Village neighborhood, 44.1% 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 27.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (17.7%), and 10.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Lakewood Village neighborhood is English, spoken by 74.9% of households. Some people also speak Spanish (21.2%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Lakewood Village neighborhood in Little Elm, TX, residents most commonly identify their ethnicity or ancestry as Mexican (25.3%). There are also a number of people of German ancestry (13.5%), and residents who report English roots (13.1%), and some of the residents are also of Irish ancestry (6.8%), along with some Asian ancestry residents (2.6%), among others. In addition, 11.6% 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 Lakewood Village neighborhood spend between 15 and 30 minutes commuting one-way to work (37.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (56.8%) 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 (15.3%) . 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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