Lake Forest / Fern Hill median real estate price is $776,731, which is more expensive than 96.7% of the neighborhoods in Minnesota and 83.7% of the neighborhoods in the U.S.
The average rental price in Lake Forest / Fern Hill is currently $2,840, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 94.2% of the neighborhoods in Minnesota.
Lake Forest / Fern Hill is a suburban neighborhood (based on population density) located in St. Louis Park, Minnesota.
Lake Forest / Fern Hill real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Lake Forest / Fern Hill neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
In Lake Forest / Fern Hill, 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 Lake Forest / Fern Hill is very tight compared to the demand for property here.
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
If you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 5.0% of America's neighborhoods are wealthier than the Lake Forest / Fern Hill neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe. As one would expect in a considerably wealthy neighborhood such as this, Lake Forest / Fern Hill also has one of the lowest ratings of child poverty in the nation.
In addition, if you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the Lake Forest / Fern Hill neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 99.4% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the Lake Forest / Fern Hill neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for highly educated executives and families with school-aged children.
Also, the rate of college educated adults in the Lake Forest / Fern Hill neighborhood is a unique characteristic of the neighborhood. 81.5% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 34.3% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 98.3% of all U.S. neighborhoods.
Finally, with more than 1.8% of residents living with a same sex partner, Lake Forest / Fern Hill is truly a neighborhood that stands out from the rest in this regard. In fact, exclusive analysis by NeighborhoodScout reveals that this neighborhood has a greater concentration of same sex couples than 95.9% of U.S. neighborhoods.
Modes of Transportation
A unique way of commuting is simply not to. And in the Lake Forest / Fern Hill neighborhood, analysis shows that 35.7% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 98.9% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.
Real Estate
Owner-occupied real estate dominates the Lake Forest / Fern Hill neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 98.0% of neighborhoods in America.
In addition, one way that the Lake Forest / Fern Hill neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 96.1% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
Occupations
Executives, managers and professionals make up 75.5% of the workforce in the Lake Forest / Fern Hill neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 97.9% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Diversity
Did you know that the Lake Forest / Fern Hill neighborhood has more Eastern European and Lithuanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.2% of this neighborhood's residents have Eastern European ancestry and 2.5% have Lithuanian ancestry.
Lake Forest / Fern Hill is also pretty special linguistically. Significantly, 1.3% of its residents five years old and above primarily speak Native American languages at home. While this may seem like a small percentage, it is higher than 98.3% 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 Lake Forest / Fern Hill neighborhood in St. Louis Park are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 95.0% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America'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 Lake Forest / Fern Hill neighborhood, 75.5% 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 17.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (4.8%), and 3.3% in government jobs, whether they are in local, state, or federal positions.
Languages
The most common language spoken in the Lake Forest / Fern Hill neighborhood is English, spoken by 92.6% of households. Some people also speak Spanish (3.4%).
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Lake Forest / Fern Hill neighborhood in St. Louis Park, MN, residents most commonly identify their ethnicity or ancestry as German (19.8%). There are also a number of people of English ancestry (13.0%), and residents who report Irish roots (9.1%), and some of the residents are also of Norwegian ancestry (5.7%), along with some Eastern European ancestry residents (5.2%), 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 Lake Forest / Fern Hill neighborhood spend between 15 and 30 minutes commuting one-way to work (53.3% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (50.6%) 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 (8.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
