Real Estate Prices and Overview
University Ave / Stanford Rd median real estate prices are $225,696, which is more expensive than 93.6% 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. Rents here are currently lower in price then 66.4% of North Dakota neighborhoods.
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
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 Grand Forks,
the University Ave / Stanford Rd neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
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
NeighborhoodScout's analysis shows that the University Ave / Stanford Rd
neighborhood has a greater concentration of residents currently enrolled
in college than 99.7% of the neighborhoods in the U.S. With
81.8% of the population here attending college, this is very
much a college-focused neighborhood.
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, the University Ave / Stanford Rd neighborhood stands out for having an
average per capita income lower than 97.4% of the neighborhoods
in the United States.
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
Whether walking, biking, riding, or driving, the length of one's commute
is an important factor for one's quality of life. The University Ave / Stanford Rd
neighborhood stands out for its commute length, according to NeighborhoodScout's
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
In the University Ave / Stanford Rd neighborhood, many people's commute means
walking from the bedroom to the home office. NeighborhoodScout's analysis
found that 16.3% of residents worked from home. This may not
seem like a large number, but Scout's research shows that this is a higher
percentage of people working from home than 98.8% of the
neighborhoods in America. Often people who work from home are engaged in
the creative or technological economy, such as is found in areas around Boston,
and in Silicon Valley. Other times, people may be engaged in other businesses
like trading stocks from home, or running a small beauty salon.
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
There are more people living in the University Ave / Stanford Rd neighborhood
employed as sales and service workers (55.8%) than almost any neighborhood
in the country. From fast-food service workers to major sales accounts,
sales and service workers make up the largest proportion of our national
employment picture. But despite that size and importance nationally, this
neighborhood still stands out as unique due to the dominance of people
living here who work in such occupations.
Notable & Unique: Real Estate
In addition, 97.2% of the real estate in the University Ave / Stanford Rd neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
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 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
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 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
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 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
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 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.