Real Estate Prices and Overview
Friars Rd / Fashion Valley Rd median real estate prices are $327,969, which is more expensive than 37.4% of the neighborhoods
in California and 81.1% of the
neighborhoods in the U.S.
Average rental prices in Friars Rd / Fashion Valley Rd are currently
$2,077, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 83.6%
of the neighborhoods in California.
Friars Rd / Fashion Valley Rd is a suburban neighborhood (based on population
density) located in San Diego, California.
Friars Rd / Fashion Valley Rd real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and townhomes.
Most of the residential real estate is occupied by a mixture of owners and renters. Many of
the residences in the Friars Rd / Fashion Valley Rd neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Friars Rd / Fashion Valley Rd has a 12.9% vacancy rate, which is
well above average compared to other U.S. neighborhoods (higher than
66.5% of American neighborhoods). This could either
signal that there is weak demand for real estate in the neighborhood,
or that much of the housing stock is seasonally occupied,
which can occur in some markets dominated by colleges or vacation homes.
Either way, if you live here year round, you will find many of the homes
or apartments are empty for all or a portion of the year.
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.
Notable & Unique: People
Of note is NeighborhoodScout's research finding that the
Friars Rd / Fashion Valley Rd neighborhood has some of the lowest rates of children
living in poverty of any neighborhood in the United States. In a nation
where approximately 1 in 4 children are living in poverty, the
Friars Rd / Fashion Valley Rd community truly stands out from the rest in this regard.
In addition, the types of households in a neighborhood can tell a lot about the character
and lifestyle of those living here. NeighborhoodScout's exclusive analysis
reveals that this neighborhood, above nearly every neighborhood in America,
has a greater percentage of its residents living alone: 48.1%. This
is a higher percent living alone than we found in 96.9% of
all U.S. neighborhoods. Often residents who live alone are new arrivals
to an area who are single, and often senior citizens who have lost a spouse.
Also, an extraordinary 12.8% of the residents of the
Friars Rd / Fashion Valley Rd neighborhood are currently enrolled in college. This is
such a large part of life in this neighborhood that the neighborhood changes
a great deal with the change of semesters and is far quieter during
the summer when many students are away.
Finally, if you're nearing retirement age, or in retirement, the
Friars Rd / Fashion Valley Rd neighborhood is an excellent choice for you to consider
for top-quality retirement living. This neighborhood is rated by
NeighborhoodScout as among the top 6.1% of retiree-friendly
neighborhoods in California, combining peace and quiet, safety from
crime, and offering diverse housing options from which retirees can
choose. Maybe it's because of these amenities that a large proportion
of the residents here are college educated seniors, mixed with other
age groups. For these and other reasons, NeighborhoodScout identifies
this neighborhood as a top-notch place to consider if you are thinking
of or planning to retire in California.
In addition to being an excellent choice for active retirees, this
neighborhood is also a very good choice for young, single professionals.
Notable & Unique: Diversity
Did you know that the Friars Rd / Fashion Valley Rd neighborhood has more
Brazilian and Arab ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.3% of
this neighborhood's residents have Brazilian ancestry and 3.3% have Arab ancestry.
Friars Rd / Fashion Valley Rd is also pretty special linguistically. Significantly, 1.2% of its residents five years old and above primarily
speak Portuguese at home. While this may seem like a small percentage, it is higher
than 96.1% of the neighborhoods in America.
Notable & Unique: Modes of Transportation
Our research reveals that 93.3% of commuters who live in the
Friars Rd / Fashion Valley Rd neighborhood get to work each day by driving
alone in their automobiles, which is a higher proportion than
95.3% of U.S. neighborhoods.
Notable & Unique: Real Estate
In addition, the real estate in the Friars Rd / Fashion Valley Rd neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 93.1% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.0% of American neighborhoods.
The Neighbors: Income
There are two complimentary 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 Friars Rd / Fashion Valley Rd neighborhood in San Diego are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 61.2% of the neighborhoods in America.
In addition, 0.0% 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 99.9%
of America's neighborhoods.
The Neighbors: Occupations
What we choose to do for a living reflects who we are. Each neighborhood has
a different mix of occupations represented, and together these tell you about
the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Friars Rd / Fashion Valley Rd neighborhood, 61.1%
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 19.1% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(13.0%), and 11.4% in government jobs, whether they are in local, state, or federal positions.
The Neighbors: Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities
and ancestries have different cultural traditions, and as a result, neighborhoods
with concentrations of residents of one or another ethnicities or ancestries
will express those cultures. It is what makes the North End in Boston so fun
to visit for the Italian restaurants, bakeries, culture, and charm, and similarly,
why people enjoy visiting Chinatown in San Francisco.
In the Friars Rd / Fashion Valley Rd neighborhood in San Diego, CA, residents
most commonly identify their ethnicity or ancestry as German
(11.7%). There are also a number of people of Mexican ancestry (11.4%) , and residents who report Asian roots (7.7%) , and some of the residents are also of Italian ancestry (6.7%) , along with some Irish ancestry residents (6.7%), among others. In addition, 22.7% of the residents of this neighborhood were born in another country.
The Neighbors: Languages
The most common language spoken in the Friars Rd / Fashion Valley Rd
neighborhood is English, spoken by 88.7% of households. Some people also speak Spanish (3.2%).
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 Friars Rd / Fashion Valley Rd neighborhood spend
between 15 and 30 minutes commuting one-way to work (47.1% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (93.3%) drive alone in a private automobile to get to work.
In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.