Real Estate Prices and Overview
Cardigan Junction median real estate prices are $256,500, which is more expensive than 84.6% of the neighborhoods
in Minnesota and 72.1% of the
neighborhoods in the U.S.
Average rental prices in Cardigan Junction are currently
$961, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 64.4%
of the neighborhoods in Minnesota.
Cardigan Junction is a suburban neighborhood (based on population
density) located in Shoreview, Minnesota.
Cardigan Junction 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 occupied by a mixture of owners and renters. Many of
the residences in the Cardigan Junction neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Real estate vacancies in Cardigan Junction are 5.6%,
which is lower than one will find in 72.6% of American
neighborhoods. Demand for real estate in Cardigan Junction
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
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 Shoreview,
the Cardigan Junction 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 Cardigan Junction neighborhood has more
Swedish and Danish ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 8.5% of
this neighborhood's residents have Swedish ancestry and 2.1% have Danish ancestry.
Cardigan Junction is also pretty special linguistically. Significantly, 2.3% 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 96.5% of the neighborhoods in America.
Notable & Unique: People
If you're nearing retirement age, or in retirement, the
Cardigan Junction neighborhood is an excellent choice for you to consider
for top-quality retirement living. This neighborhood is rated by
NeighborhoodScout as among the top 7.2% of retiree-friendly
neighborhoods in Minnesota, combining peace and quiet, safety from
crime, and offering diverse housing options from which retirees can
choose. Maybe it's because of these amenities that a large proportion
of the residents here are college educated seniors, mixed with other
age groups. For these and other reasons, NeighborhoodScout identifies
this neighborhood as a top-notch place to consider if you are thinking
of or planning to retire in Minnesota.
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 Cardigan Junction neighborhood in Shoreview are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 61.0% of the neighborhoods in America.
In addition, 7.8% 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 68.2%
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 Cardigan Junction neighborhood, 44.8%
of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is
clerical, assistant, and tech support occupations, with 21.8% of the residents employed.
Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants
(18.7%), and 14.2% 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 Cardigan Junction neighborhood in Shoreview, MN, residents
most commonly identify their ethnicity or ancestry as German
(27.7%). There are also a number of people of Swedish ancestry (8.5%) , and residents who report Irish roots (8.3%) , and some of the residents are also of Norwegian ancestry (7.0%) , along with some Asian ancestry residents (6.3%), among others.
The Neighbors: Languages
The most common language spoken in the Cardigan Junction
neighborhood is English, spoken by 91.9% of households. Some people also speak African languages (2.3%).
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 Cardigan Junction neighborhood spend
between 15 and 30 minutes commuting one-way to work (57.7% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (88.1%) 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 (7.1%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.