Real Estate Prices and Overview
W 78th St / Terrey Pine Dr median real estate prices are $381,118, which is more expensive than 96.9% of the neighborhoods
in Minnesota and 85.9% of the
neighborhoods in the U.S.
Average rental prices in W 78th St / Terrey Pine Dr are currently
$1,256, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 85.9%
of the neighborhoods in Minnesota.
W 78th St / Terrey Pine Dr is a suburban neighborhood (based on population
density) located in Eden Prairie, Minnesota.
W 78th St / Terrey Pine Dr real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and townhomes.
Most of the residential real estate is owner occupied. Many of
the residences in the W 78th St / Terrey Pine Dr 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.
In W 78th St / Terrey Pine Dr, the current vacancy rate is 3.6%,
which is a lower rate of vacancies than 84.6% of all neighborhoods
in the U.S. This means that the housing supply in W 78th St / Terrey Pine Dr
is very tight compared to the demand for property here.
Notable & Unique Neighborhood Characteristics
Many things matter about a neighborhood, but the first thing most people notice
is the way a neighborhood looks and its particular character. For example, one
might notice whether the buildings all date from a certain time period or whether
shop signs are in multiple languages. This particular neighborhood in Eden Prairie,
the W 78th St / Terrey Pine Dr neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Did you know that the W 78th St / Terrey Pine Dr neighborhood has more
Swedish and Norwegian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 7.1% of
this neighborhood's residents have Swedish ancestry and 14.3% have Norwegian ancestry.
W 78th St / Terrey Pine Dr is also pretty special linguistically. Significantly, 1.5% of its residents five years old and above primarily
speak Japanese at home. While this may seem like a small percentage, it is higher
than 97.8% of the neighborhoods in America.
Notable & Unique: People
Think about the people you know personally. How many of them would
purchase box seats to opening night at the symphony? How many of them
regularly attend gallery openings, or are the first to reserve tickets
to opening night at the ballet? If they're like most of us, they don't
do any of these things. But if you're among an exclusive crowd of wealthy
and refined patrons of the arts, then you'll feel right at home in
the W 78th St / Terrey Pine Dr neighborhood: a neighborhood in which more
"urban sophisticates" live than 98.4% of neighborhoods
across the U.S. Here, your neighbors are defined as having urbane
tastes in literature, music, live theatre and the arts. They are wealthy,
educated, travel in style, and live a big city lifestyle whether or
not they live in or near a big city.
In addition to being an excellent choice for urban sophisticates, this
neighborhood is also a very good choice for highly educated executives.
In addition, wealth makes most things in life easier, and a few things harder.
If you are wealthy and enjoy keeping up with the Jones', this neighborhood
will interest you. In fact, according to NeighborhoodScout's research,
the W 78th St / Terrey Pine Dr neighborhood is wealthier than 98.2%
of the neighborhoods in the United States. Residents here are truly in
a unique situation even when compared to other Americans, based on the
shear amount of wealth concentrated here. Even in times of economic
downturn, residents of this neighborhood, as a group, suffered less
and recovered more quickly. This is indeed a stand-out characteristic
of this neighborhood.
Also, do you like to read, write, and learn? Are you curious about the world? If
so, this neighborhood may be a good fit for you. NeighborhoodScout's research
revealed that a full 71.5% of the adults living in the
W 78th St / Terrey Pine Dr neighborhood have earned at least a bachelor's
degree. This is a higher rate than NeighborhoodScout found in 97.2%
of U.S. neighborhoods. In this way, this neighborhood truly stands out.
Notable & Unique: Occupations
Executives, managers and professionals make up 62.3% of the workforce
in the W 78th St / Terrey Pine Dr neighborhood which, according to
NeighborhoodScout's exclusive analysis, is a higher proportion of such
high-level people than is found in 95.0% of the neighborhoods
in America. For this reason, this neighborhood really stands out as unique.
Notable & Unique: Real Estate
In addition, if you love row houses and attached homes, you will probably really like the W 78th St / Terrey Pine Dr neighborhood. The ambiance, the charm, of row houses is something special. And in shear abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 33.5% of the residential real estate here is classified as row houses and attached homes.
Furthermore, one way that the W 78th St / Terrey Pine Dr neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 95.9% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
Also of note, most neighborhoods are composed of a mixture of ages of homes, but the W 78th St / Terrey Pine Dr stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 84.2% of the residential real estate here was built in this one time period.
The Neighbors: Income
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 W 78th St / Terrey Pine Dr neighborhood in Eden Prairie are wealthy, making it among the 15% highest income neighborhoods in America.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 98.2% of the neighborhoods in America.
In addition, 2.5% 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 83.3%
of America's neighborhoods.
The Neighbors: Occupations
A neighborhood is far different if it is dominated by enlisted military personnel
rather than people who earn their living by farming. It is also different if
most of the neighbors are clerical support or managers. What is wonderful is
the shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
In the W 78th St / Terrey Pine Dr neighborhood, 62.3%
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 23.8% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(11.2%), and 2.7% 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 W 78th St / Terrey Pine Dr neighborhood in Eden Prairie, MN, residents
most commonly identify their ethnicity or ancestry as German
(17.0%). There are also a number of people of Norwegian ancestry (14.3%) , and residents who report Irish roots (9.2%) , and some of the residents are also of Asian ancestry (7.3%) , along with some Swedish ancestry residents (7.1%), among others. In addition, 10.8% of the residents of this neighborhood were born in another country.
The Neighbors: Languages
The most common language spoken in the W 78th St / Terrey Pine Dr
neighborhood is English, spoken by 88.1% of households. Some people also speak Spanish (3.6%).
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 W 78th St / Terrey Pine Dr neighborhood spend
between 15 and 30 minutes commuting one-way to work (39.1% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (91.9%) 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.