Neighborhood Summary

Nestled within a vibrant community, this neighborhood presents a compelling picture for potential homebuyers and real estate investors alike. With a median home price of $412,000, it aligns closely with the national median, presenting an attractive entry point for those looking to invest in property. The area boasts a robust median household income of $96,723, significantly higher than the national average, which is indicative of economic stability and prosperity. This financial strength is further underscored by a remarkably low unemployment rate of just 1%, a strong testament to ample job opportunities and a thriving local economy. The community is predominantly white, but with 13% of non-US citizens, it suggests a degree of diversity that adds a unique cultural layer to the area's social fabric.

A closer look at housing dynamics reveals that 67% of homes are owner-occupied, which is slightly above the national ownership rate, signaling a degree of stability and investment in the community. Renters make up 21% of the population, with the median contract rent at $1,553, reflecting a competitive rental market. It's worth noting that 12% of the housing units are vacant, which is higher than average and could suggest opportunities for investment in property renovation or new developments. Additionally, 31% of homeowners enjoy the freedom of owning their homes outright, without mortgages, which is a positive indicator of financial well-being.

The educational attainment in the neighborhood shows that 24% hold a college degree, slightly below the national average, which may influence the types of job opportunities available locally. Interestingly, nearly half of the homeowners (45%) are spending 30% or more of their income on mortgage payments, indicating potential affordability strains despite the overall economic affluence. While the percentage of families with married couples stands at 47%, this closely mirrors national trends, reinforcing the neighborhood's appeal to family-oriented buyers.

While certain metrics like the college degree attainment might fall short compared to national standards, overall, the neighborhood offers a robust package of economic stability and homeownership potential. However, for those seeking similar price points with higher educational attainment and lower housing vacancy rates, it might be worthwhile to explore neighboring areas that may offer these advantages. As the community continues to evolve, these insights provide a valuable guide for both buyers and investors aiming to make informed decisions in a competitive real estate market.