Lakefield median real estate price is $467,786, which is more expensive than 84.7% of the neighborhoods in Wisconsin and 62.9% of the neighborhoods in the U.S.
The average rental price in Lakefield is currently $1,981, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 89.3% of the neighborhoods in Wisconsin.
Lakefield is a rural neighborhood (based on population density) located in Grafton, Wisconsin.
Lakefield 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 owner occupied. Many of the residences in the Lakefield neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
In Lakefield, the current vacancy rate is 2.6%, which is a lower rate of vacancies than 82.9% of all neighborhoods in the U.S. This means that the housing supply in Lakefield is very tight compared to the demand for property here.
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.
In a nation where 1 out of every 4 children lives in poverty, the Lakefield neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, 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 Lakefield 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 11.4% executive lifestyle neighborhoods in the state of Wisconsin. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for active retirees.
Did you know that the Lakefield neighborhood has more Belgian and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.3% of this neighborhood's residents have Belgian ancestry and 5.6% have Russian ancestry.
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 Lakefield neighborhood in Grafton are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 76.2% 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.
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 Lakefield neighborhood, 57.6% 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 14.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.9%), and 12.6% in clerical, assistant, and tech support occupations.
The most common language spoken in the Lakefield neighborhood is English, spoken by 91.6% of households.
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 Lakefield neighborhood in Grafton, WI, residents most commonly identify their ethnicity or ancestry as German (35.7%). There are also a number of people of Irish ancestry (11.2%), and residents who report English roots (9.7%), and some of the residents are also of Norwegian ancestry (7.7%), along with some Russian ancestry residents (5.6%), among others.
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 Lakefield neighborhood spend between 30 and 45 minutes commuting one-way to work (32.4% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (80.1%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.