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Real Estate Prices & Overview

40th and A median real estate price is $246,947, which is more expensive than 51.5% of the neighborhoods in Nebraska and 30.7% of the neighborhoods in the U.S.

The average rental price in 40th and A is currently $1,244, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 63.8% of Nebraska neighborhoods.

40th and A is a suburban neighborhood (based on population density) located in Lincoln, Nebraska.

40th and A 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 40th and A neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In 40th and A, the current vacancy rate is 1.0%, which is a lower rate of vacancies than 91.4% of all neighborhoods in the U.S. This means that the housing supply in 40th and A is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Lincoln, the 40th and A neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Diversity

Significantly, 1.1% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 96.3% of the neighborhoods in America.

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 40th and A neighborhood in Lincoln are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 62.8% of U.S. neighborhoods. With 16.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 63.7% 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 40th and A neighborhood, 39.1% 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 29.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (18.0%), and 13.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the 40th and A neighborhood is English, spoken by 92.0% of households. Some people also speak Spanish (2.3%).

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 40th and A neighborhood in Lincoln, NE, residents most commonly identify their ethnicity or ancestry as German (25.3%). There are also a number of people of Irish ancestry (10.5%), and residents who report English roots (8.3%), and some of the residents are also of Mexican ancestry (5.1%), along with some Swedish ancestry residents (2.3%), 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 40th and A neighborhood spend under 15 minutes commuting one-way to work (48.1% of working residents), one of the shortest commutes across America.

Here most residents (76.0%) 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 (13.4%) . 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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