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    AI-Generated Neighborhood Summary

    Location and Crime Rate:

    Running Springs, CA, is a small mountain community located in the San Bernardino Mountains. It offers a peaceful environment with a lower crime rate compared to urban areas, making it an attractive option for families and retirees seeking a quieter lifestyle. The community is known for its natural beauty, with nearby access to outdoor recreational activities such as hiking, skiing, and fishing.

    Education and Amenities:

    Running Springs is served by the Rim of the World Unified School District, which generally receives average ratings. Nearby amenities include local schools, small grocery stores, and essential services. Tourist attractions in the area include Snow Valley Mountain Resort, SkyPark at Santa's Village, and numerous trails and parks for outdoor enthusiasts. For more extensive shopping and services, residents often travel to nearby cities such as San Bernardino, which is about 20 miles away.

    Economy and Job Growth:

    The average household income in Running Springs is moderate, with neighboring communities like Lake Arrowhead and Big Bear offering similar economic conditions. The area's economy benefits from tourism, outdoor recreation, and small local businesses. While job growth in the immediate area may be limited due to its size, employment opportunities in the nearby cities, particularly in sectors like retail, hospitality, and public services, contribute to the local economic landscape, providing residents with further job options and economic stability.

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    Neighborhood Insights
    Key metrics about this location

    Neighborhood Summary

    This neighborhood presents a unique blend of affordability and community characteristics that may appeal to a variety of potential homebuyers, though certain metrics warrant careful consideration. The median home price here is $265,600, which is notably lower than the national average, making it an attractive option for those looking to enter the housing market without breaking the bank. However, the neighborhood faces significant challenges with a 69% vacancy rate, which is considerably higher than the national average, potentially indicating issues with housing demand or neighborhood desirability. This vacant housing situation, combined with a low educational attainment of only 6% of residents holding a college degree, suggests an opportunity for investment but also highlights areas for community development.

    The socio-economic profile of the neighborhood is underscored by a median household income of $64,773, closely aligning with the national median, which indicates a stable, working-class community. However, the unemployment rate here is particularly favorable at 3%, lower than the national average, suggesting a robust local job market. Despite this, 39% of homeowners are spending more than 30% of their income on mortgages, which may signal financial strain among residents. This strain could be exacerbated by limited rental options, as only 8% of housing is renter-occupied, and the median contract rent of $1,159 might be disproportionate for some, given the absence of data on rent-related income burdens.

    Demographically, the neighborhood is predominantly white, with a low percentage of non-U.S. citizens at just 2%, which might appeal to those seeking a homogenous community environment. The presence of married-couple families, constituting 53% of households, suggests a family-friendly atmosphere. Furthermore, 33% of homeowners live mortgage-free, potentially reflecting a stable older population. In terms of poverty, the neighborhood fares well, with only 8% living under the poverty line, which is relatively low compared to national figures.

    Given these insights, potential homebuyers and real estate professionals might consider alternative neighborhoods if seeking more favorable educational or vacancy metrics. Areas with similar median home prices but better educational attainment and lower vacancy rates could offer a more balanced investment potential. As such, exploring neighboring communities with a diverse range of amenities and demographic profiles might yield options that suit more specific buyer preferences. Thus, while this neighborhood offers certain financial accessibility, it is important for buyers to weigh these factors alongside personal priorities and long-term investment goals.

    Median Home Price

    $265,600

    Walk Score

    -

    Bike Score

    -

    Median Household Income

    $64,773
    Nat'l Avg: $69,021

    Percent Under Poverty

    8%
    Nat'l Avg: 12%

    Median Contract Rent

    $1,159
    Nat'l Avg: $988

    Owners vs Renters

    23% / 8%
    Nat'l Avg: 57% / 31%

    Vacant Housing Units

    69%
    Nat'l Avg: 11%

    Unemployment Rate

    3%
    Nat'l Avg: 3%

    College Degree

    6%
    Nat'l Avg: 21%

    Dominant Race

    White
    Nat'l Avg: 68%

    Married-Couple Families

    53%
    Nat'l Avg: 48%

    Owners Without Morgages

    33%
    Nat'l Avg: 38%

    Mortgage ≥ 30% Income

    39%
    Nat'l Avg: 27%

    Rent ≥ 30% Income

    N/A
    Nat'l Avg: 46%

    Non-US Citizens

    2%
    Nat'l Avg: 7%
    Location Map
    Overview of the neighborhood
    Nearby Places
    Essential locations and points of interest in the area

    Green Valley Lake Park

    0.5 miles

    Mountains Community Hospital

    7 miles

    Jensen's Foods

    3 miles

    Blondie’s Grille and Bar

    2.5 miles

    Rim Family Fitness

    3 miles

    Ontario International Airport

    45 miles

    Charles Hoffman Elementary School

    4 miles

    Snow Valley Mountain Resort

    5 miles

    Running Springs Fire Department

    3 miles

    Running Springs Branch Library

    3 miles

    Neighborhood Assessment
    Key advantages and considerations for this area

    Dynamic Insights

    The median property value in Running Springs, CA, increased from $339,200 in 2022 to $373,300 in 2023, marking a 10.1% rise.
    The median household income grew from $84,060 in 2022 to $85,681 in 2023, a 1.93% increase.
    The unemployment rate in Running Springs stands at 7.8%, higher than the national average of 6.0%.
    Future job growth over the next ten years is projected at 38.7%, surpassing the U.S. average of 33.5%. These insights highlight the area's economic growth and potential for future development.

    Custom Narratives

    The median home value in Running Springs is $363,020, reflecting a 0.8% decrease over the past year.
    The median household income is $85,681, with a poverty rate of 14.1%.
    The community has a median age of 37.3 years, with 33.7% of adults holding a bachelor's degree or higher.
    The population is predominantly White at 70.6%, with Hispanic or Latino residents comprising 19.9%. These insights provide a snapshot of Running Springs' real estate market and community demographics.

    Green Flags

    Scenic mountain views
    Proximity to outdoor activities
    Peaceful, natural surroundings
    Cool mountain climate

    Red Flags

    Remote location can limit access to amenities and services
    Harsh winter conditions may cause travel difficulties
    Limited public transportation options
    Potential for wildlife encounters and related nuisances
    Flood Risk Assessment
    FEMA flood zone information and historical flooding data

    Flood Zone

    Flood zone information is not available for this property at this time.

    Historical Flooding

    Historical flood damage records are not available for this property.

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