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Real Estate Prices & Overview

Lockwood East median real estate price is $389,884, which is more expensive than 47.1% of the neighborhoods in Montana and 53.6% of the neighborhoods in the U.S.

The average rental price in Lockwood East is currently $1,818, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 83.1% of the neighborhoods in Montana.

Lockwood East is a remote neighborhood (based on population density) located in Billings, Montana.

Lockwood East real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Lockwood East 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.

Home and apartment vacancy rates are 9.2% in Lockwood East. NeighborhoodScout analysis shows that this rate is lower than 42.0% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

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 Billings, the Lockwood East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

While most Americans do drive to work alone each day, the Lockwood East neighborhood stands out by having 92.4% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 98.4% of all American neighborhoods.

Real Estate

Owner-occupied real estate dominates the Lockwood East neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 95.2% of neighborhoods in America.

In addition, this neighborhood has wide open spaces, few people, and lots of space to stretch out. If you like locations that fit that description, you may like this neighborhood. Based on NeighborhoodScout's exclusive analysis, with only 39 people per square mile living here, this neighborhood is less crowded than 91.0% of America.

People

If you're looking for a great spot to raise a family, then look no further than the Lockwood East neighborhood. NeighborhoodScout's analysis found that the combination of good quality public schools, above-average safety from crime, and a high rate of home ownership in predominantly single-family homes, help make this neighborhood among the top 12.2% of family-friendly neighborhoods across the state of Montana. In addition, there are a high proportion of other families with school-aged children living here, making it easy for parents and their children to socialize and develop a sense of community support. In addition, families here highly value education, as is reflected by the strength of the local schools, in part due to the educational attainment of the parents here, who vote in support of the public schools.

Diversity

Did you know that the Lockwood East neighborhood has more Ukrainian and Norwegian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.8% of this neighborhood's residents have Ukrainian ancestry and 10.1% have Norwegian ancestry.

Lockwood East is also pretty special linguistically. Significantly, 1.5% 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 98.5% of the neighborhoods in America.

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 Lockwood East neighborhood in Billings are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 78.3% of the neighborhoods in America. In addition, 8.2% 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 55.2% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Lockwood East neighborhood, 40.1% 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 28.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (23.6%), and 7.4% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Lockwood East neighborhood is English, spoken by 96.0% of households. Some people also speak Italian (2.2%).

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 Lockwood East neighborhood in Billings, MT, residents most commonly identify their ethnicity or ancestry as German (25.8%). There are also a number of people of Irish ancestry (22.6%), and residents who report English roots (12.9%), and some of the residents are also of Norwegian ancestry (10.1%), along with some Italian ancestry residents (5.4%), among others.

Getting to Work

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 Lockwood East neighborhood spend between 15 and 30 minutes commuting one-way to work (64.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (92.4%) drive alone in a private automobile to get to work. 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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Crime includes:
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Schools include:
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