Neighborhood Summary

Nestled within a vibrant community, this neighborhood offers an enticing blend of economic prosperity and residential charm, marked by a distinctive median home price of $881,600, which is significantly above the national average. This reflects the area's desirable status and potential for appreciation, making it an appealing prospect for high-net-worth individuals. The median household income of $230,972 is robust, more than double the national average, indicating a prosperous community with substantial disposable income. This economic affluence is further highlighted by the exceptionally low poverty rate of just 1%, offering a stable and secure environment for families. With a remarkably low unemployment rate of 2%, the neighborhood boasts a strong job market that further enhances its allure for potential homebuyers seeking economic opportunities.

In terms of housing dynamics, the community is predominantly composed of homeowners, with 89% ownership versus 6% who rent, reflecting a strong sense of stability and long-term commitment among residents. Surprisingly, 38% of owners have managed to pay off their mortgages entirely, a testament to the financial well-being and investment acumen of the populace. However, 30% of homeowners spend over 30% of their income on mortgage payments, a figure that aligns with national trends, suggesting that, despite high incomes, housing costs still pose a notable expenditure. For those considering renting, the median contract rent stands at $2,753, though there is no direct comparison available for renters who spend above the 30% income threshold. The neighborhood's vacancy rate is a minimal 4%, indicating a high demand for housing and limited availability, enhancing its investment potential further.

Educational attainment is a mixed bag in this area, with 38% of residents holding a college degree, slightly lower than the national average, which could suggest a more diverse range of occupations and industries. The dominant racial demographic is white, with non-US citizens comprising a mere 3% of the population, suggesting a relatively homogenous community. This demographic makeup, coupled with a high percentage of married-couple families at 76%, paints a picture of a traditional, family-oriented neighborhood.

While this neighborhood presents many attractive qualities, potential buyers might seek environments where educational attainment is higher or racial diversity is more pronounced. In such cases, exploring nearby areas with similar home prices but higher educational credentials or greater diversity might be advisable. These insights can guide potential homebuyers and real estate professionals as they navigate the landscape of this appealing yet nuanced community.