Neighborhood Summary

Nestled in a vibrant area, this neighborhood offers an intriguing blend of prosperity and potential, marked by a median home price of $522,500. This is slightly above the national average, reflecting the desirability and affluence of the community. The area boasts a remarkable median household income of $156,818, significantly higher than the national median, showcasing its economic vitality. With only 1% of the population living under the poverty line, this neighborhood stands out as a place of stability and opportunity. The housing market here is predominantly owner-occupied, with 74% of residences owned compared to 26% rented, and impressively, there are no vacant housing units. This high ownership rate, coupled with a low unemployment rate of 2%, suggests a robust local economy that supports long-term investment.

Education and diversity are key features of this area, with 34% of residents holding a college degree, aligning closely with national averages. The dominant racial demographic is Asian, contributing to the cultural richness and diversity appreciated by residents and visitors alike. Families are the cornerstone of the community, with 77% of households being married-couple families, further adding to the neighborhood’s appeal for those seeking a family-friendly environment. Interestingly, a substantial 36% of homeowners own their properties outright, without a mortgage, indicating a level of financial security that is enviable. However, for 31% of those with a mortgage, housing costs amount to 30% or more of their income, a figure that mirrors national concerns about housing affordability.

While we lack specific walk and bike scores, suggesting an area possibly more dependent on cars, the notable presence of 29% non-US citizens underscores the neighborhood's attractiveness to a global population, enhancing its international character. Although certain data like the crime index isn't available, the lack of vacant housing units and low poverty and unemployment rates suggest a safe and thriving environment. Those considering rental investments might note that the median contract rent is $1,808, indicating competitive rental yields.

For some homebuyers, the percentage of income spent on mortgages could be a consideration. For those sensitive to housing costs, exploring nearby neighborhoods with similar median home prices but potentially lower mortgage-to-income ratios might be wise. Neighborhoods such as these can provide an equally engaging living experience with potentially more favorable financial metrics. Overall, for real estate professionals and potential buyers, this neighborhood presents a compelling opportunity for investment and living, characterized by its economic health, educational parity, and cultural vibrancy, ensuring a promising future for residents and investors alike.