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Real Estate Prices & Overview

Talmadge median real estate price is $1,249,232, which is more expensive than 79.9% of the neighborhoods in California and 95.8% of the neighborhoods in the U.S.

The average rental price in Talmadge is currently $3,884, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 74.0% of the neighborhoods in California.

Talmadge is an urban neighborhood (based on population density) located in San Diego, California.

Talmadge real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 Talmadge neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Talmadge has a 14.6% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 76.9% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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 San Diego, the Talmadge neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

If you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the Talmadge neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 98.6% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the Talmadge neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for highly educated executives.

In addition, if you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 4.9% of America's neighborhoods are wealthier than the Talmadge neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe.

Modes of Transportation

A unique way of commuting is simply not to. And in the Talmadge neighborhood, analysis shows that 28.8% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 96.2% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.

Occupations

The Talmadge neighborhood stands out nationally for having a greater proportion of its residents active in the military than 96.1% of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.

Diversity

Did you know that the Talmadge neighborhood has more Eastern European and Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.9% of this neighborhood's residents have Eastern European ancestry and 5.2% have Scottish ancestry.

Talmadge is also pretty special linguistically. Significantly, 2.8% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 99.6% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Talmadge neighborhood in San Diego 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 95.1% of the neighborhoods in America. In addition, 8.0% 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 55.8% of America'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 Talmadge neighborhood, 66.1% 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 23.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (5.7%), and 5.5% in government jobs, whether they are in local, state, or federal positions.

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 Talmadge neighborhood is English, spoken by 85.1% of households. Other important languages spoken here include Spanish, Italian, Polish and Greek.

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 Talmadge neighborhood in San Diego, CA, residents most commonly identify their ethnicity or ancestry as Mexican (14.4%). There are also a number of people of German ancestry (14.2%), and residents who report English roots (12.8%), and some of the residents are also of Irish ancestry (12.6%), along with some Asian ancestry residents (8.3%), 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 Talmadge neighborhood spend between 15 and 30 minutes commuting one-way to work (59.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (66.2%) 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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