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Real Estate Prices & Overview

University Village / Flood Park Estates median real estate price is $1,166,657, which is more expensive than 76.2% of the neighborhoods in California and 94.8% of the neighborhoods in the U.S.

The average rental price in University Village / Flood Park Estates is currently $5,049, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 91.5% of the neighborhoods in California.

University Village / Flood Park Estates is a suburban neighborhood (based on population density) located in East Palo Alto, California. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

University Village / Flood Park Estates real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more 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 University Village / Flood Park Estates neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in University Village / Flood Park Estates are 3.6%, which is lower than one will find in 76.2% of American neighborhoods. Demand for real estate in University Village / Flood Park Estates 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.

Real Estate

Do you like a coastal setting? If so, this neighborhood may be to your liking. The University Village / Flood Park Estates neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, University Village / Flood Park Estates is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

In addition, most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the University Village / Flood Park Estates neighborhood, is that an incredible 87.0% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the University Village / Flood Park Estates neighborhood has a highly unusual pattern of car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 56.5% of the households here have four, five, or more cars. That is more cars per household than in 99.9% of the neighborhoods in the nation.

People

NeighborhoodScout's analysis shows that the University Village / Flood Park Estates neighborhood has a greater concentration of residents currently enrolled in college than 95.5% of the neighborhoods in the U.S. With 11.4% of the population here attending college, this is very much a college-focused neighborhood.

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 University Village / Flood Park Estates neighborhood in East Palo Alto are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 84.7% of the neighborhoods in America. With 14.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 59.5% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the University Village / Flood Park Estates neighborhood, 34.0% 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 23.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.3%), and 18.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the University Village / Flood Park Estates neighborhood is Spanish, spoken by 54.8% of households. Some people also speak English (32.3%).

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 Village / Flood Park Estates neighborhood in East Palo Alto, CA, residents most commonly identify their ethnicity or ancestry as Mexican (47.3%). There are also a number of people of Asian ancestry (5.3%), and residents who report South American roots (2.0%), and some of the residents are also of Sub-Saharan African ancestry (1.9%), along with some African ancestry residents (1.9%), among others. In addition, 40.0% of the residents of this neighborhood were born in another country.

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 Village / Flood Park Estates neighborhood spend between 15 and 30 minutes commuting one-way to work (35.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (53.4%) 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 (21.2%) . 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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