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 90.1%
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, if you come to know the people here, you will recognize that you're
in the company of one of the wealthiest communities in the nation. In
fact, a mere 1.8% of America's neighborhoods are wealthier than the
W 78th St / Terrey Pine Dr neighborhood. Real estate here is exceedingly
well-maintained, and similarly, tends to maintain its value over time.
The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and
Lexus. If the public schools aren't up to snuff, the residents of this
neighborhood preferentially send their children to private preparatory
schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
Also, the rate of college educated adults in the W 78th St / Terrey Pine Dr neighborhood
is a unique characteristic of the neighborhood. 71.5% of
adults here have received at least a 4-year bachelor's degree, compared to
the average neighborhood in America, which has 22.6% of the adults with a
bachelor's degree. The rate here is higher than NeighborhoodScout found in
97.2% of all U.S. neighborhoods.
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
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 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
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 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
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves,
Los Angeles' Persian neighborhoods. Each has its own culture derived primarily
from the ancestries and culture of the residents who call these neighborhoods
home. Likewise, each neighborhood in America has its own culture – some more
unique than others – based on lifestyle, occupations, the types of households
– and importantly – on the ethnicities and ancestries of the people who live
in the neighborhood. Understanding where people came from, who their grandparents
or great-grandparents were, can help you understand how a neighborhood is today.
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.