Lantern - Pearwood - Keller / Riverbend median real estate price is $192,270, which is more expensive than 37.8% of the neighborhoods in Indiana and 19.7% of the neighborhoods in the U.S.
The average rental price in Lantern - Pearwood - Keller / Riverbend is currently $1,490, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 47.4% of Indiana neighborhoods.
Lantern - Pearwood - Keller / Riverbend is a rural neighborhood (based on population density) located in Muncie, Indiana.
Lantern - Pearwood - Keller / Riverbend 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 Lantern - Pearwood - Keller / Riverbend neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Lantern - Pearwood - Keller / Riverbend, the current vacancy rate is 1.9%, which is a lower rate of vacancies than 87.0% of all neighborhoods in the U.S. This means that the housing supply in Lantern - Pearwood - Keller / Riverbend is very tight compared to the demand for property here.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
If you're nearing retirement age, or in retirement, the Lantern - Pearwood - Keller / Riverbend is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 6.0% of retiree-friendly neighborhoods in Indiana, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Indiana.
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 Lantern - Pearwood - Keller / Riverbend neighborhood in Muncie are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 40.3% of the neighborhoods in America. With 18.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 66.9% 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 Lantern - Pearwood - Keller / Riverbend neighborhood, 50.7% 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 22.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.0%), and 10.6% in clerical, assistant, and tech support occupations.
The most common language spoken in the Lantern - Pearwood - Keller / Riverbend neighborhood is English, spoken by 95.6% of households.
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 Lantern - Pearwood - Keller / Riverbend neighborhood in Muncie, IN, residents most commonly identify their ethnicity or ancestry as German (13.2%). There are also a number of people of English ancestry (8.1%), and residents who report Irish roots (7.8%), and some of the residents are also of Asian ancestry (4.6%), along with some Scots-Irish ancestry residents (2.5%), among others.
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 Lantern - Pearwood - Keller / Riverbend neighborhood spend between 15 and 30 minutes commuting one-way to work (43.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (88.7%) 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 (7.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.