Neighborhood Summary

Nestled in an area known for its diverse lifestyle and vibrant community, this neighborhood offers a blend of modern living and traditional values, providing potential homebuyers with a median home price of $476,000, which is competitive for the region. While the walk and bike scores are not available, indicating a potential reliance on personal vehicles, the neighborhood's charm lies in its economic and social dynamics. With a median household income of $130,793, significantly above the national average, this community is thriving economically. The low poverty rate of 4% further underscores its prosperity, suggesting a stable environment beneficial for families and investors alike.

Despite its financial strengths, the neighborhood presents a unique housing landscape where renters dominate with 62% compared to 28% homeowners. This indicates a vibrant rental market, although the vacancy rate of 10% could suggest opportunities for new developments or renovations. The median contract rent stands at $1,566, reflecting a balance that appeals to both landlords and tenants. Educational attainment is notable, with 38% of residents holding college degrees, supporting a well-educated workforce. The dominant race in the community is white, and married-couple families constitute 31%, hinting at a socially cohesive environment.

Financial health indicators show that 40% of homeowners are without mortgages, a positive sign of stability and investment potential. However, 17% are spending 30% or more of their income on mortgages, which highlights the national concern over housing affordability. The presence of 15% non-US citizens adds a layer of cultural diversity, enhancing the community's dynamic feel. While certain metrics such as the owners-to-renters ratio may not align perfectly with national norms, this neighborhood has its unique advantages.

For those seeking similar price points but more favorable metrics, alternative neighborhoods may offer slightly different compositions, such as lower vacancy rates or higher walkability scores. However, the community's strengths in income levels and low poverty rates may outweigh these considerations for many. Ultimately, this neighborhood provides a robust and appealing option for those looking to invest in a thriving area with a blend of rental and ownership opportunities, ensuring it remains a compelling choice for various demographics.