Real Estate Prices and Overview
42nd Ave N / Winnetka Ave N median real estate prices are $198,396, which is more expensive than 64.8% of the neighborhoods
in Minnesota and 60.8% of the
neighborhoods in the U.S.
Average rental prices in 42nd Ave N / Winnetka Ave N are currently
$858, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 49.7% of Minnesota neighborhoods.
42nd Ave N / Winnetka Ave N is a suburban neighborhood (based on population
density) located in New Hope, Minnesota.
42nd Ave N / Winnetka Ave N real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments.
Most of the residential real estate is owner occupied. Many of
the residences in the 42nd Ave N / Winnetka Ave N neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Real estate vacancies in 42nd Ave N / Winnetka Ave N are 5.3%,
which is lower than one will find in 74.2% of American
neighborhoods. Demand for real estate in 42nd Ave N / Winnetka Ave N
is above average for the U.S., and may signal some demand for either
price increases or new construction of residential product for this neighborhood.
Notable & Unique Neighborhood Characteristics
The way a neighborhood looks and feels when you walk or drive around it, from
its setting, its buildings, and its flavor, can make all the difference. This
neighborhood has some really cool things about the way it looks and feels as
revealed by NeighborhoodScout's exclusive research. This might include anything
from the housing stock to the types of households living here to how people
Notable & Unique: Diversity
Did you know that the 42nd Ave N / Winnetka Ave N neighborhood has more
Swedish and Sub-Saharan African ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 5.7% of
this neighborhood's residents have Swedish ancestry and 9.4% have Sub-Saharan African ancestry.
42nd Ave N / Winnetka Ave N is also pretty special linguistically. Significantly, 9.7% of its residents five years old and above primarily
speak African languages at home. While this may seem like a small percentage, it is higher
than 99.7% of the neighborhoods in America.
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 42nd Ave N / Winnetka Ave N neighborhood in New Hope are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 77.5% of the neighborhoods in America.
With 24.3% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 65.5%
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 42nd Ave N / Winnetka Ave N neighborhood, 42.6%
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 26.8% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(17.2%), and 13.4% 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 42nd Ave N / Winnetka Ave N neighborhood in New Hope, MN, residents
most commonly identify their ethnicity or ancestry as German
(25.2%). There are also a number of people of Sub-Saharan African ancestry (9.4%) , and residents who report Norwegian roots (6.1%) , and some of the residents are also of Swedish ancestry (5.7%) , along with some English ancestry residents (5.1%), among others.
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 42nd Ave N / Winnetka Ave N
neighborhood is English, spoken by 86.7% of households. Other important languages spoken here include African languages and Spanish.
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 42nd Ave N / Winnetka Ave N neighborhood spend
between 15 and 30 minutes commuting one-way to work (39.2% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (85.2%) 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 (8.9%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.