Capital Lakes Estates median real estate price is $344,096, which is more expensive than 82.8% of the neighborhoods in Arkansas and 45.0% of the neighborhoods in the U.S.
The average rental price in Capital Lakes Estates is currently $1,673, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 91.2% of the neighborhoods in Arkansas.
Capital Lakes Estates is a rural neighborhood (based on population density) located in Little Rock, Arkansas.
Capital Lakes Estates real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 Capital Lakes Estates neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Home and apartment vacancy rates are 8.5% in Capital Lakes Estates. NeighborhoodScout analysis shows that this rate is lower than 44.4% 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 Little Rock, the Capital Lakes Estates neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 35.9% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 95.2% of U.S. neighborhoods, where the average American neighborhood has 13.7% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.
In addition, if you're nearing retirement age, or in retirement, the Capital Lakes Estates is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 9.0% of retiree-friendly neighborhoods in Arkansas, 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 Arkansas. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for highly educated executives.
Did you know that the Capital Lakes Estates neighborhood has more Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.9% of this neighborhood's residents have Lebanese ancestry.
Capital Lakes Estates is also pretty special linguistically. Significantly, 3.0% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 96.6% of the neighborhoods in America.
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 Capital Lakes Estates neighborhood in Little Rock are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 56.1% of the neighborhoods in America. With 12.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 55.5% 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 Capital Lakes Estates neighborhood, 63.5% 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 18.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.3%), and 8.3% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The most common language spoken in the Capital Lakes Estates neighborhood is English, spoken by 82.1% of households. Some people also speak Arabic (3.0%).
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Capital Lakes Estates neighborhood in Little Rock, AR, residents most commonly identify their ethnicity or ancestry as Asian (14.8%). There are also a number of people of Irish ancestry (8.0%), and residents who report German roots (5.4%), and some of the residents are also of English ancestry (5.2%), along with some French ancestry residents (2.9%), among others. In addition, 13.7% of the residents of this neighborhood were born in another country.
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 Capital Lakes Estates neighborhood spend under 15 minutes commuting one-way to work (34.4% 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 (12.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.