Real Estate Prices and Overview
University Ave / Stanford Rd median real estate prices are $225,696, which is more expensive than 94.1% of the neighborhoods
in North Dakota and 66.7% of the
neighborhoods in the U.S.
Average rental prices in University Ave / Stanford Rd are currently
$578, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 62.7%
of the neighborhoods in North Dakota.
University Ave / Stanford Rd is an urban neighborhood (based on population
density) located in Grand Forks, North Dakota.
University Ave / Stanford Rd real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings.
Most of the residential real estate is renter occupied. Many of
the residences in the University Ave / Stanford Rd 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 University Ave / Stanford Rd are 7.4%,
which is lower than one will find in 61.3% of American
neighborhoods. Demand for real estate in University Ave / Stanford Rd
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
When you see a neighborhood for the first time, the most important thing
is often the way it looks, like its homes and its setting. Some places look
the same, but they only reveal their true character after living in them for
a while because they contain a unique mix of occupational or cultural groups.
This neighborhood is very unique in some important ways, according to
NeighborhoodScout's exclusive exploration and analysis.
Notable & Unique: Migration/Stability
The freedom of moving to new places versus the comfort of home. How much
and how often people move not only can create diverse and worldly neighborhoods,
but simultaneously it can produce a loss of intimacy with one's surroundings
and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive
research has identified this neighborhood as unique with regard to the
transience of its populace.
In the University Ave / Stanford Rd neighborhood, a greater proportion of
the residents living here today did not live here five years ago than is
found in 99.7% of U.S. Neighborhoods. This neighborhood,
more than almost any other in America, has new residents from other areas.
Notable & Unique: People
An extraordinary 81.8% of the residents of the
University Ave / Stanford Rd neighborhood are currently enrolled in college. This is
such a large part of life in this neighborhood that the neighborhood changes
a great deal with the change of semesters and is far quieter during
the summer when many students are away.
In addition, one of the really interesting characteristics about the
University Ave / Stanford Rd neighborhood is that, according to NeighborhoodScout's
exclusive research, it is an excellent choice in which to reside for
college students. Due to its popularity among college students who
already choose to live here, its walkability, and its above average
safety from crime, the neighborhood is ideal for prospective or
already-enrolled college students. Between semesters and during
school breaks, you'll notice that the excitement here fluctuates with
the college seasons. Despite the excitement however, parents of college-age
children can rest easy knowing that this
neighborhood has an above average safety rating. For each of these
reasons, the neighborhood is rated among the
top 2.0% of college-friendly places to live in
the state of North Dakota.
Also, one of the unique characteristics of the University Ave / Stanford Rd
neighborhood revealed by analysis is that the per capita income of
residents here is lower than that found in 97.4% of the neighborhoods
Notable & Unique: Diversity
Did you know that the University Ave / Stanford Rd neighborhood has more
Norwegian and German ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 19.0% of
this neighborhood's residents have Norwegian ancestry and 35.3% have German ancestry.
University Ave / Stanford Rd is also pretty special linguistically. Significantly, 0.5% of its residents five years old and above primarily
speak Navajo at home. While this may seem like a small percentage, it is higher
than 96.9% of the neighborhoods in America.
Notable & Unique: Length of Commute
Regardless of the means by which residents commute, this neighborhood has
a length of commute that is notable.
Residents of the University Ave / Stanford Rd neighborhood have the pleasure
of having one of the shortest commutes to work of any neighborhood in
America. 81.4% of the residents have a commute time from
home to work (one way) of less than fifteen minutes. This is a higher
proportion of residents enjoying a short trip to work than NeighborhoodScout
found in 99.6% of U.S. neighborhoods. Less time commuting
means more time for other things in life.
Notable & Unique: Modes of Transportation
A unique way of commuting is simply not to. And in the University Ave / Stanford Rd
neighborhood, analysis shows that 16.3% of the residents work
from home, avoiding a commute altogether. This may not seem like a large number,
but it is a higher proportion of people working from home than is found in
98.8% of the neighborhoods in the United States.
One thing NeighborhoodScout's research reveals is that the wealthier and/or
more isolated the neighborhood, the greater the proportion of residents who
choose to work from home.
Also, more people in University Ave / Stanford Rd choose to walk to work each day
(24.3%) than almost any neighborhood in America. If you are
attracted to the idea of being able to walk to work, this neighborhood
could be a good choice.
Notable & Unique: Occupations
From major sales accounts to fast-food workers, sales and service employees
are often the backbone of the local economy. In the University Ave / Stanford Rd
neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis
identifies this neighborhood as having a higher percentage of sales and
service workers than 96.6% of all American neighborhoods.
Notable & Unique: Real Estate
In addition, renter-occupied real estate is dominant in the University Ave / Stanford Rd neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 97.2%, which is higher than 98.6% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
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 University Ave / Stanford Rd neighborhood in Grand Forks are low income, making it among the lowest income neighborhoods in America.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 97.4% of U.S. neighborhoods.
With 35.2% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 79.3%
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 University Ave / Stanford Rd neighborhood, 44.2%
of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is
executive, management, and professional occupations, with 27.9% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(18.0%), and 9.7% 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 University Ave / Stanford Rd neighborhood in Grand Forks, ND, residents
most commonly identify their ethnicity or ancestry as German
(35.3%). There are also a number of people of Norwegian ancestry (19.0%) , and residents who report Asian roots (7.5%) , and some of the residents are also of Irish ancestry (3.9%) , along with some Sub-Saharan African ancestry residents (3.3%), among others.
The Neighbors: Languages
The most common language spoken in the University Ave / Stanford Rd
neighborhood is English, spoken by 90.7% of households. Some people also speak African languages (2.2%).
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 University Ave / Stanford Rd neighborhood spend
under 15 minutes commuting one-way to work (81.4% of working
residents), one of the shortest commutes across America.
Here most residents (69.9%) drive alone in a private automobile to get to work.
In addition, quite a number also hop out the door and walk to work to get to work (24.3%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.