Lakes of Forest Hill median real estate price is $411,865, which is more expensive than 68.3% of the neighborhoods in Tennessee and 55.0% of the neighborhoods in the U.S.
The average rental price in Lakes of Forest Hill is currently $1,966, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 63.3% of the neighborhoods in Tennessee.
Lakes of Forest Hill is a suburban neighborhood (based on population density) located in Memphis, Tennessee.
Lakes of Forest Hill 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 Lakes of Forest Hill neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Lakes of Forest Hill are 5.0%, which is lower than one will find in 66.4% of American neighborhoods. Demand for real estate in Lakes of Forest Hill 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.
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.
With 2.9% of employed workers living in the Lakes of Forest Hill neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 97.5% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
Single parenting is hard. But you don't have to tell the Lakes of Forest Hill neighborhood about it; they already know. 20.5% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 97.3% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.
Did you know that the Lakes of Forest Hill neighborhood has more African and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 17.0% of this neighborhood's residents have African ancestry and 5.8% have Arab ancestry.
Lakes of Forest Hill is also pretty special linguistically. Significantly, 2.8% 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 96.3% of the neighborhoods in America.
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 Lakes of Forest Hill neighborhood in Memphis are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 46.3% of the neighborhoods in America. With 13.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 57.6% 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 Lakes of Forest Hill neighborhood, 35.9% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 31.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.8%), and 15.6% in clerical, assistant, and tech support occupations.
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 Lakes of Forest Hill neighborhood is English, spoken by 86.7% of households. Other important languages spoken here include Langs. of India and Arabic.
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 Lakes of Forest Hill neighborhood in Memphis, TN, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (17.0%). There are also a number of people of African ancestry (17.0%), and residents who report Arab roots (5.8%), and some of the residents are also of Asian ancestry (4.8%).
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 Lakes of Forest Hill neighborhood spend between 15 and 30 minutes commuting one-way to work (42.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (83.7%) 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 (11.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.