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Real Estate Prices & Overview

Rich Valley / Roseport median real estate price is $601,410, which is more expensive than 93.1% of the neighborhoods in Minnesota and 77.4% of the neighborhoods in the U.S.

The average rental price in Rich Valley / Roseport is currently $1,570, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 55.7% of Minnesota neighborhoods.

Rich Valley / Roseport is a remote neighborhood (based on population density) located in Rosemount, Minnesota.

Rich Valley / Roseport real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more 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 Rich Valley / Roseport neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Rich Valley / Roseport, the current vacancy rate is 1.8%, which is a lower rate of vacancies than 88.0% of all neighborhoods in the U.S. This means that the housing supply in Rich Valley / Roseport is very tight compared to the demand for property here.

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 get around.

People

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 Rich Valley / Roseport neighborhood is wealthier than 95.1% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer 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. As one would expect in a considerably wealthy neighborhood such as this, Rich Valley / Roseport also has one of the lowest ratings of child poverty in the nation.

In addition, astoundingly, NeighborhoodScout's research reveals that this single neighborhood has a higher concentration of married couples living here than 99.2% of all U.S. neighborhoods. Whether they have school-aged children or not, married couples are the rule in the Rich Valley / Roseport neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests. But if you are single, you might not find many other singles here.

Also, according to NeighborhoodScout's exclusive analysis, Rich Valley / Roseport is among the best neighborhoods for families in Minnesota. In fact, this neighborhood is more family-friendly than 97.3% of neighborhoods in the entire state of Minnesota. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Rich Valley / Roseport neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for college students, highly educated executives and urban sophisticates.

Diversity

Did you know that the Rich Valley / Roseport neighborhood has more Norwegian and Swedish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 14.3% of this neighborhood's residents have Norwegian ancestry and 7.1% have Swedish ancestry.

The Neighbors

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 Rich Valley / Roseport neighborhood in Rosemount 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 95.1% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America's neighborhoods.

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 sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Rich Valley / Roseport neighborhood, 62.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 19.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (12.5%), and 5.6% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Rich Valley / Roseport neighborhood is English, spoken by 93.8% of households. Some people also speak Spanish (3.0%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Rich Valley / Roseport neighborhood in Rosemount, MN, residents most commonly identify their ethnicity or ancestry as German (34.0%). There are also a number of people of Norwegian ancestry (14.3%), and residents who report Irish roots (13.1%), and some of the residents are also of English ancestry (7.8%), along with some Swedish ancestry residents (7.1%), among others.

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 Rich Valley / Roseport neighborhood spend between 15 and 30 minutes commuting one-way to work (37.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (65.5%) 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 (11.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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