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Real Estate Prices & Overview

Lakeside Terrace / River Ranch median real estate price is $276,003, which is less expensive than 76.6% of Florida neighborhoods and 65.3% of all U.S. neighborhoods.

The average rental price in Lakeside Terrace / River Ranch is currently $1,350, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 96.1% of Florida neighborhoods.

Lakeside Terrace / River Ranch is a remote neighborhood (based on population density) located in Frostproof, Florida.

Lakeside Terrace / River Ranch real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Lakeside Terrace / River Ranch neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Lakeside Terrace / River Ranch. The current real estate vacancy rate here is 36.1%. This is higher than the rate of vacancies in 96.7% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

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.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Lakeside Terrace / River Ranch neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 99.5% of all American neighborhoods.

Furthermore, each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the Lakeside Terrace / River Ranch neighborhood truly stands out among U.S. neighborhoods. According to exclusive NeighborhoodScout analysis, this neighborhood has a greater proportion of farmers, foresters, or fishers than 98.7% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.

People

An interesting characteristic about the Lakeside Terrace / River Ranch neighborhood is that there are more incarcerated people living here than 99.5% of neighborhoods in the U.S. The United States has the highest rate of incarceration in the world, currently with 1 out of every 100 adults in the country are incarcerated as a punishment for crimes committed. The extremely high incarceration rate of this neighborhood could mean that a prison, juvenile detention facility or other correctional facility occupies a large proportion of the neighborhood, or contains a large portion of the neighborhood's population.

In addition, the Lakeside Terrace / River Ranch neighborhood is unique for having just 6.6% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 95.6% of America's neighborhoods.

Also, if you are planning to retire in Florida, this neighborhood should be on your must-see list. For many reasons, Lakeside Terrace / River Ranch may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Florida, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 95.0% of neighborhoods in FL. If a Florida retirement is in your future, this neighborhood should be one of the places you visit.

Real Estate

Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 36.1% of the residential real estate vacant, the Lakeside Terrace / River Ranch neighborhood claims the distinction of having a higher vacancy rate than 96.7% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

In addition, uncrowded roads, rural America and space to be the individual you are. If you like these characteristics, this neighborhood may fit you. With just 20 residents per square mile, Lakeside Terrace / River Ranch is less crowded than 94.7% of all U.S. neighborhoods.

Modes of Transportation

While most Americans do drive to work alone each day, the Lakeside Terrace / River Ranch neighborhood stands out by having 89.0% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 95.0% of all American neighborhoods.

Diversity

Did you know that the Lakeside Terrace / River Ranch neighborhood has more Scottish and Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.5% of this neighborhood's residents have Scottish ancestry and 1.5% have Canadian 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 Lakeside Terrace / River Ranch neighborhood in Frostproof are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 89.5% of U.S. neighborhoods. With 39.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 88.9% of U.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 Lakeside Terrace / River Ranch neighborhood, 51.9% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 15.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (13.3%), and 10.0% in clerical, assistant, and tech support 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 Lakeside Terrace / River Ranch neighborhood is English, spoken by 84.8% of households. Other important languages spoken here include Spanish and Italian.

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 Lakeside Terrace / River Ranch neighborhood in Frostproof, FL, residents most commonly identify their ethnicity or ancestry as German (8.4%). There are also a number of people of English ancestry (6.7%), and residents who report Scottish roots (6.5%), and some of the residents are also of Puerto Rican ancestry (5.8%), along with some Irish ancestry residents (5.7%), among others.

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 Lakeside Terrace / River Ranch neighborhood spend between 15 and 30 minutes commuting one-way to work (42.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (89.0%) 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.


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