Lake Forest / Monarch Park median real estate price is $243,335, which is more expensive than 55.8% of the neighborhoods in Indiana and 29.4% of the neighborhoods in the U.S.
The average rental price in Lake Forest / Monarch Park is currently $1,390, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 58.4% of Indiana neighborhoods.
Lake Forest / Monarch Park is a suburban neighborhood (based on population density) located in Fort Wayne, Indiana.
Lake Forest / Monarch Park 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 Lake Forest / Monarch Park neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Home and apartment vacancy rates are 7.6% in Lake Forest / Monarch Park. NeighborhoodScout analysis shows that this rate is lower than 50.1% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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 Fort Wayne, the Lake Forest / Monarch Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Did you know that the Lake Forest / Monarch Park neighborhood has more Swiss ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.4% of this neighborhood's residents have Swiss 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 Lake Forest / Monarch Park neighborhood in Fort Wayne are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 67.0% of U.S. neighborhoods. In addition, 5.0% 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 64.7% 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 Lake Forest / Monarch Park neighborhood, 27.7% 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 27.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (26.3%), and 18.7% in clerical, assistant, and tech support occupations.
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 Lake Forest / Monarch Park neighborhood is English, spoken by 87.6% of households. Other important languages spoken here include Polish and Italian.
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 Lake Forest / Monarch Park neighborhood in Fort Wayne, IN, residents most commonly identify their ethnicity or ancestry as German (18.7%). There are also a number of people of Irish ancestry (11.3%), and residents who report Asian roots (10.7%), and some of the residents are also of English ancestry (9.2%), along with some Polish ancestry residents (4.5%), 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 Lake Forest / Monarch Park neighborhood spend between 15 and 30 minutes commuting one-way to work (45.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (82.7%) 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 (12.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.