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Real Estate Prices & Overview

Historic Murrieta / South Murrieta Business Corridor median real estate price is $404,323, which is less expensive than 88.0% of California neighborhoods and 41.4% of all U.S. neighborhoods.

The average rental price in Historic Murrieta / South Murrieta Business Corridor is currently $3,247, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 44.2% of California neighborhoods.

Historic Murrieta / South Murrieta Business Corridor is a suburban neighborhood (based on population density) located in Murrieta, California.

Historic Murrieta / South Murrieta Business Corridor real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Historic Murrieta / South Murrieta Business Corridor neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Historic Murrieta / South Murrieta Business Corridor, the current vacancy rate is 2.6%, which is a lower rate of vacancies than 82.4% of all neighborhoods in the U.S. This means that the housing supply in Historic Murrieta / South Murrieta Business Corridor is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Historic Murrieta / South Murrieta Business Corridor neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 9.9% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 95.4% of all neighborhoods in America.

Diversity

Did you know that the Historic Murrieta / South Murrieta Business Corridor neighborhood has more Slovak and Greek ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.4% of this neighborhood's residents have Slovak ancestry and 1.8% have Greek ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Historic Murrieta / South Murrieta Business Corridor neighborhood in Murrieta are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 57.8% of the neighborhoods in America. In addition, 7.7% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 56.8% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Historic Murrieta / South Murrieta Business Corridor neighborhood, 39.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 25.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.9%), and 15.9% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Historic Murrieta / South Murrieta Business Corridor neighborhood is English, spoken by 66.9% of households. Some people also speak Spanish (26.4%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Historic Murrieta / South Murrieta Business Corridor neighborhood in Murrieta, CA, residents most commonly identify their ethnicity or ancestry as Mexican (30.7%). There are also a number of people of German ancestry (14.4%), and residents who report English roots (9.1%), and some of the residents are also of Irish ancestry (9.0%), along with some Italian ancestry residents (5.9%), among others. In addition, 16.5% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Historic Murrieta / South Murrieta Business Corridor neighborhood spend under 15 minutes commuting one-way to work (36.9% of working residents), one of the shortest commutes across America. However, there is also a significant group of residents (9.9%) who commute over an hour in each direction.

Here most residents (80.3%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (6.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


Real Estate includes:
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Economics & Demographics include:
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Commute To Work
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Race & Ethnic Diversity
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Crime includes:
Neighborhood Crime Index
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Schools include:
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