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Real Estate Prices & Overview

The Terraces median real estate price is $508,987, which is less expensive than 78.9% of California neighborhoods and 30.1% of all U.S. neighborhoods.

The average rental price in The Terraces is currently $3,134, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 47.9% of California neighborhoods.

The Terraces is an urban neighborhood (based on population density) located in Palmdale, California.

The Terraces real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the The Terraces neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

In The Terraces, the current vacancy rate is 2.4%, which is a lower rate of vacancies than 83.8% of all neighborhoods in the U.S. This means that the housing supply in The Terraces is very tight compared to the demand for property here.

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.

Modes of Transportation

If you like to ride a ferry to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 1.2% of the The Terraces neighborhood's commuters ride a ferry to and from work each day, which is more than we found in 99.1% of America's neighborhoods.

Real Estate

The The Terraces neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 99.7% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 98.6% of all neighborhoods in America.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the The Terraces neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 34.7% of the households here have four, five, or more cars. That is more cars per household than in 96.0% of the neighborhoods in the nation.

People

With a nice mix of college students, safety from crime, and decent walkability, the The Terraces neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 85.8% of the neighborhoods in CA. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

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 The Terraces neighborhood in Palmdale are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 70.5% of the neighborhoods in America. With 14.7% 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 The Terraces neighborhood, 32.8% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 30.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (23.7%), and 12.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the The Terraces neighborhood is Spanish, spoken by 55.4% of households. Some people also speak English (41.7%).

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 The Terraces neighborhood in Palmdale, CA, residents most commonly identify their ethnicity or ancestry as Mexican (46.8%). There are also a number of people of Italian ancestry (3.5%), and residents who report Sub-Saharan African roots (2.7%), and some of the residents are also of African ancestry (2.7%), along with some South American ancestry residents (2.3%), among others. In addition, 25.1% 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 The Terraces neighborhood spend between 15 and 30 minutes commuting one-way to work (38.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (72.6%) 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 (16.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


Real Estate includes:
Average Home Values
Rental Market
Housing Market Details
Neighborhood Setting
Economics & Demographics include:
Lifestyle & Special Character
Household Types
Commute To Work
Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
Income & Unemployment Rate
Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
Violent Crime Comparison
Schools include:
School Ratings
Schools In District
Public School Test Scores
School District Enrollment
Educational Expenditures

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