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
$787, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 47.0% 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
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 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
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 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
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 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
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 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.