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Real Estate Prices & Overview

New River South median real estate price is $838,811, which is more expensive than 92.5% of the neighborhoods in Arizona and 87.0% of the neighborhoods in the U.S.

The average rental price in New River South is currently $2,666, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 65.7% of the neighborhoods in Arizona.

New River South is a rural neighborhood (based on population density) located in New River, Arizona.

New River South 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 New River South neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Real estate vacancies in New River South are 4.2%, which is lower than one will find in 72.3% of American neighborhoods. Demand for real estate in New River South 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 New River, the New River South neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

In a nation where 1 out of every 4 children lives in poverty, the New River South neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, according to NeighborhoodScout's exclusive analysis, New River South is among the best neighborhoods for families in Arizona. In fact, this neighborhood is more family-friendly than 97.3% of neighborhoods in the entire state of Arizona. 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 New River South neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for highly educated executives.

Also, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the New River South neighborhood may actually hold the key. 69.3% of its residents are married, which is a higher percentage than is found in 95.6% of the neighborhoods in America.

Real Estate

Owner-occupied real estate dominates the New River South neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 98.1% of neighborhoods in America.

In addition, one way that the New River South neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 96.6% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.

Furthermore, if you like the look and ambience of new homes and newly built neighborhoods, you will love the New River South neighborhood. A whopping 70.1% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 95.8% of the neighborhoods in the U.S. Everything here just feels new.

Modes of Transportation

In the New River South neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 27.3% 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 95.1% 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.

Diversity

Did you know that the New River South neighborhood has more Finnish and Swedish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.2% of this neighborhood's residents have Finnish ancestry and 6.3% have Swedish ancestry.

New River South is also pretty special linguistically. Significantly, 4.3% of its residents five years old and above primarily speak Vietnamese at home. While this may seem like a small percentage, it is higher than 97.8% of the neighborhoods in America.

The Neighbors

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 New River South neighborhood in New River 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 90.8% 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.

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 New River South neighborhood, 51.5% 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 22.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (17.3%), and 8.3% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the New River South neighborhood is English, spoken by 92.5% of households. Other important languages spoken here include Vietnamese, Polish and Spanish.

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 New River South neighborhood in New River, AZ, residents most commonly identify their ethnicity or ancestry as German (16.5%). There are also a number of people of English ancestry (13.4%), and residents who report Irish roots (9.2%), and some of the residents are also of Italian ancestry (6.5%), along with some Swedish ancestry residents (6.3%), among others.

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 New River South neighborhood spend between 15 and 30 minutes commuting one-way to work (35.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (67.9%) drive alone in a private automobile to get to work. 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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