Real Estate Prices and Overview
Commerce median real estate prices are $216,127, which is more expensive than 96.7% of the neighborhoods
in Iowa and 64.7% of the
neighborhoods in the U.S.
Average rental prices in Commerce are currently
$665, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 81.4%
of the neighborhoods in Iowa.
Commerce is a suburban neighborhood (based on population
density) located in West Des Moines, Iowa.
Commerce real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments.
Most of the residential real estate is occupied by a mixture of owners and renters. Many of
the residences in the Commerce neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Commerce has a 11.4% vacancy rate, which is
well above average compared to other U.S. neighborhoods (higher than
60.6% 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: Diversity
Did you know that the Commerce neighborhood has more
Yugoslav and Swedish ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 0.9% of
this neighborhood's residents have Yugoslav ancestry and 3.5% have Swedish ancestry.
Commerce is also pretty special linguistically. Significantly, 4.1% of its residents five years old and above primarily
speak Korean at home. While this may seem like a small percentage, it is higher
than 98.3% of the neighborhoods in America.
Notable & Unique: People
The Commerce neighborhood is considered a solid choice
for executive lifestyles. NeighborhoodScout's analysis ranks it as
better than 92.8% of Iowa neighborhoods
for executive living, based on the wealthy, educated professionals,
executives, and managers who choose to reside here, the spacious homes
that are prominent features of the real estate in the neighborhood,
and the high real estate appreciation rates found here relative to
other neighborhoods in the state.
The Neighbors: Income
How wealthy a neighborhood is, from very wealthy, to middle income, to low
income is very formative with regard to the personality and character of a
neighborhood. Equally important is the rate of people, particularly children,
who live below the federal poverty line. In some wealthy gated communities,
the areas immediately surrounding can have high rates of childhood poverty,
which indicates other social issues. NeighborhoodScout's analysis reveals
both aspects of income and poverty for this neighborhood.
The neighbors in the Commerce neighborhood in West Des Moines are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 71.5% of the neighborhoods in America.
With 15.8% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 50.4%
of U.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 Commerce neighborhood, 41.8%
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 28.1% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(16.1%), and 13.2% in manufacturing and laborer occupations.
The Neighbors: 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 Commerce neighborhood in West Des Moines, IA, residents
most commonly identify their ethnicity or ancestry as German
(23.2%). There are also a number of people of English ancestry (7.4%) , and residents who report Irish roots (5.2%) , and some of the residents are also of Mexican ancestry (4.4%) , along with some Norwegian ancestry residents (3.7%), among others. In addition, 12.7% of the residents of this neighborhood were born in another country.
The Neighbors: Languages
The languages spoken by people in this neighborhood are diverse. These are
tabulated as the languages people preferentially speak when they are
at home with their families.
The most common language spoken in the Commerce
neighborhood is English, spoken by 81.9% of households. Other important languages spoken here include Spanish and Korean.
Getting to Work
How you get to work – car, bus, train or other means – and how much of your
day it takes to do so is a large quality of life and financial issue. Especially
with gasoline prices rising and expected to continue doing so, the length and
means of one's commute can be a financial burden. Some neighborhoods are physically
located so that many residents have to drive in their own car, others are set
up so many walk to work, or can take a train, bus, or bike.
The greatest number of commuters in Commerce neighborhood spend
between 15 and 30 minutes commuting one-way to work (52.2% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (82.2%) 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 (13.0%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.