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Real Estate Prices & Overview

Cedar Lake Northeast median real estate price is $292,425, which is more expensive than 67.0% of the neighborhoods in Indiana and 38.0% of the neighborhoods in the U.S.

The average rental price in Cedar Lake Northeast is currently $1,965, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 85.3% of the neighborhoods in Indiana.

Cedar Lake Northeast is a rural neighborhood (based on population density) located in Cedar Lake, Indiana.

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

Cedar Lake Northeast has a 11.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 68.3% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are 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.

Diversity

Did you know that the Cedar Lake Northeast neighborhood has more Slovak and Dutch ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.6% of this neighborhood's residents have Slovak ancestry and 6.5% have Dutch 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 Cedar Lake Northeast neighborhood in Cedar Lake are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 52.4% of the neighborhoods in America. In addition, 1.6% 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 76.6% of America'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 Cedar Lake Northeast neighborhood, 38.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 31.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (19.2%), and 10.6% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Cedar Lake Northeast neighborhood is English, spoken by 94.8% of households.

Ethnicity / Ancestry

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 Cedar Lake Northeast neighborhood in Cedar Lake, IN, residents most commonly identify their ethnicity or ancestry as German (22.1%). There are also a number of people of Irish ancestry (16.6%), and residents who report English roots (15.0%), and some of the residents are also of Polish ancestry (12.9%), along with some Italian ancestry residents (7.8%), among others.

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 Cedar Lake Northeast neighborhood spend between 15 and 30 minutes commuting one-way to work (33.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (83.0%) 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 (15.9%) . 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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