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Real Estate Prices & Overview

Lakewood / Woodbury median real estate price is $475,180, which is more expensive than 95.2% of the neighborhoods in Arkansas and 63.9% of the neighborhoods in the U.S.

The average rental price in Lakewood / Woodbury is currently $1,425, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 40.1% of Arkansas neighborhoods.

Lakewood / Woodbury is a suburban neighborhood (based on population density) located in Fayetteville, Arkansas.

Lakewood / Woodbury real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Lakewood / Woodbury 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.

Real estate vacancies in Lakewood / Woodbury are 5.3%, which is lower than one will find in 64.6% of American neighborhoods. Demand for real estate in Lakewood / Woodbury 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.

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.

People

Of note, 71.9% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

In addition, divorcees may find friendship and understanding in this neighborhood, as 22.9% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 98.2% of the neighborhoods in America.

Diversity

Did you know that the Lakewood / Woodbury neighborhood has more Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.0% of this neighborhood's residents have Scots-Irish 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 Lakewood / Woodbury neighborhood in Fayetteville are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 80.8% of U.S. neighborhoods. With 71.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.7% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Lakewood / Woodbury neighborhood, 50.8% 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 28.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (10.8%), and 9.0% 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 Lakewood / Woodbury neighborhood is English, spoken by 92.2% of households. Other important languages spoken here include Spanish and Chinese.

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 Lakewood / Woodbury neighborhood in Fayetteville, AR, residents most commonly identify their ethnicity or ancestry as English (16.4%). There are also a number of people of Irish ancestry (13.9%), and residents who report German roots (10.4%), and some of the residents are also of Mexican ancestry (7.4%), along with some Scottish ancestry residents (4.4%), 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 Lakewood / Woodbury neighborhood spend between 15 and 30 minutes commuting one-way to work (45.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (73.5%) 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 (14.7%) . 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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