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Real Estate Prices & Overview

Euclid Ave / Lakefront Ave median real estate price is $108,703, which is less expensive than 85.4% of Ohio neighborhoods and 93.7% of all U.S. neighborhoods.

The average rental price in Euclid Ave / Lakefront Ave is currently $1,187, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 72.7% of Ohio neighborhoods.

Euclid Ave / Lakefront Ave is a suburban neighborhood (based on population density) located in East Cleveland, Ohio.

Euclid Ave / Lakefront Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Euclid Ave / Lakefront Ave neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Euclid Ave / Lakefront Ave. The current real estate vacancy rate here is 37.8%. This is higher than the rate of vacancies in 97.1% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

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.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (34.8% ride the bus) than 99.8% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

People

One of the unique characteristics of the Euclid Ave / Lakefront Ave neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 96.9% of the neighborhoods in America. Also of note, 67.1% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

In addition, neighborhoodScout's exclusive research revealed that 93.4% of the adult residents in the Euclid Ave / Lakefront Ave neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 95.6% of the neighborhoods in America.

Real Estate

Despite all of the residential real estate here in the Euclid Ave / Lakefront Ave neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 37.8%, which is higher than 97.1% of all U.S. neighborhoods.

In addition, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 67.5% of the residential real estate in the Euclid Ave / Lakefront Ave neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 98.1% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Euclid Ave / Lakefront Ave neighborhood buck this trend. 24.8% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.3% of U.S. neighborhoods.

Diversity

Did you know that the Euclid Ave / Lakefront Ave neighborhood has more Sub-Saharan African and African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 27.5% of this neighborhood's residents have Sub-Saharan African ancestry and 9.2% have African ancestry.

Euclid Ave / Lakefront Ave is also pretty special linguistically. Significantly, 4.4% of its residents five years old and above primarily speak Vietnamese at home. While this may seem like a small percentage, it is higher than 97.8% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Euclid Ave / Lakefront Ave neighborhood in East Cleveland are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 96.9% of U.S. neighborhoods. With 67.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.1% of U.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 Euclid Ave / Lakefront Ave neighborhood, 31.0% 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 manufacturing and laborer occupations, with 28.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (23.6%), and 17.1% in executive, management, and professional occupations.

Languages

The most common language spoken in the Euclid Ave / Lakefront Ave neighborhood is English, spoken by 93.9% of households. Some people also speak Vietnamese (4.4%).

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 Euclid Ave / Lakefront Ave neighborhood in East Cleveland, OH, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (27.5%). There are also a number of people of Irish ancestry (10.4%), and residents who report German roots (10.3%), and some of the residents are also of African ancestry (9.2%), along with some Asian ancestry residents (7.3%), 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 Euclid Ave / Lakefront Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (36.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (44.5%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (34.8%) and 13.2% of residents also carpool with coworkers, friends, or neighbors for their daily commute. 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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