Real Estate Prices and Overview
Paradise Valley median real estate prices are $200,591, which is more expensive than 68.2% of the neighborhoods
in Wyoming and 61.3% of the
neighborhoods in the U.S.
Average rental prices in Paradise Valley are currently
$808, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 60.3%
of the neighborhoods in Wyoming.
Paradise Valley is a suburban neighborhood (based on population
density) located in Casper, Wyoming.
Paradise Valley real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes.
Most of the residential real estate is owner occupied. Many of
the residences in the Paradise Valley neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Paradise Valley has a 12.0% vacancy rate, which is
well above average compared to other U.S. neighborhoods (higher than
63.0% of American neighborhoods). This could either
signal that there is weak demand for real estate in the neighborhood,
or that much of the housing stock is seasonally occupied,
which can occur in some markets dominated by colleges or vacation homes.
Either way, if you live here year round, you will find many of the homes
or apartments are empty for all or a portion of the year.
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 Paradise Valley neighborhood in Casper are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 67.3% of the neighborhoods in America.
With 27.1% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 69.6%
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 Paradise Valley neighborhood, 30.0%
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 25.3% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(24.0%), and 20.7% in clerical, assistant, and tech support 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 Paradise Valley neighborhood in Casper, WY, residents
most commonly identify their ethnicity or ancestry as German
(24.9%). There are also a number of people of English ancestry (8.1%) , and residents who report Irish roots (7.8%) , and some of the residents are also of Mexican ancestry (4.2%) , along with some Norwegian ancestry residents (3.4%), among others.
The Neighbors: Languages
The most common language spoken in the Paradise Valley
neighborhood is English, spoken by 99.3% of households.
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 Paradise Valley neighborhood spend
between 15 and 30 minutes commuting one-way to work (60.7% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (82.5%) 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 (16.3%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.