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Real Estate Prices & Overview

Rancho Penasquitos Northwest median real estate price is $1,647,379, which is more expensive than 86.3% of the neighborhoods in California and 97.3% of the neighborhoods in the U.S.

The average rental price in Rancho Penasquitos Northwest is currently $6,378, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 99.6% of the neighborhoods in California.

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

Rancho Penasquitos Northwest real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Rancho Penasquitos Northwest 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 Rancho Penasquitos Northwest, the current vacancy rate is 2.6%, which is a lower rate of vacancies than 82.7% of all neighborhoods in the U.S. This means that the housing supply in Rancho Penasquitos Northwest 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.

Real Estate

One way that the Rancho Penasquitos Northwest neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.2% 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.

People

A majority of the adults in the Rancho Penasquitos Northwest neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for California by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 98.9% of the neighborhoods in California. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children, college students and urban sophisticates.

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 3.4% of America's neighborhoods are wealthier than the Rancho Penasquitos Northwest 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.

Occupations

Executives, managers and professionals make up 72.7% of the workforce in the Rancho Penasquitos Northwest neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 96.8% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Diversity

Did you know that the Rancho Penasquitos Northwest neighborhood has more Russian and Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.7% of this neighborhood's residents have Russian ancestry and 47.5% have Asian ancestry.

Rancho Penasquitos Northwest is also pretty special linguistically. Significantly, 16.7% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 99.0% 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 Rancho Penasquitos Northwest 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 96.6% of the neighborhoods in America. With 17.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 64.8% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Rancho Penasquitos Northwest neighborhood, 72.7% 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 15.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.7%), and 4.2% 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 Rancho Penasquitos Northwest neighborhood is English, spoken by 55.8% of households. Other important languages spoken here include Chinese, Tagalog (the first language of the Philippine region), Korean and Vietnamese.

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 Rancho Penasquitos Northwest neighborhood in San Diego, CA, residents most commonly identify their ethnicity or ancestry as Asian (47.5%). There are also a number of people of English ancestry (7.2%), and residents who report Russian roots (6.7%), and some of the residents are also of German ancestry (5.7%), along with some Irish ancestry residents (4.5%), among others. In addition, 35.7% 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 Rancho Penasquitos Northwest neighborhood spend between 15 and 30 minutes commuting one-way to work (56.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (70.1%) 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 (6.3%) . 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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