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Real Estate Prices & Overview

Townsend / Carmine - Parkmont median real estate price is $1,198,725, which is more expensive than 81.4% of the neighborhoods in California and 95.9% of the neighborhoods in the U.S.

The average rental price in Townsend / Carmine - Parkmont is currently $5,242, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 90.8% of the neighborhoods in California.

Townsend / Carmine - Parkmont is an urban neighborhood (based on population density) located in San Jose, California.

Townsend / Carmine - Parkmont real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Townsend / Carmine - Parkmont 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 Townsend / Carmine - Parkmont, the current vacancy rate is 1.6%, which is a lower rate of vacancies than 89.6% of all neighborhoods in the U.S. This means that the housing supply in Townsend / Carmine - Parkmont is very tight compared to the demand for property here.

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 Jose, the Townsend / Carmine - Parkmont neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

A unique way of commuting is simply not to. And in the Townsend / Carmine - Parkmont neighborhood, analysis shows that 29.8% 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 98.6% 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.

People

Some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 41.3% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 97.6% of U.S. neighborhoods, where the average American neighborhood has 13.1% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.

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 2.5% of America's neighborhoods are wealthier than the Townsend / Carmine - Parkmont 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.

Real Estate

Many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Townsend / Carmine - Parkmont neighborhood could be your paradise. With 26.0% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 4.2% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

In addition, most neighborhoods are composed of a mixture of ages of homes, but the Townsend / Carmine - Parkmont stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 82.7% of the residential real estate here was built in this one time period.

Diversity

Did you know that the Townsend / Carmine - Parkmont neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 80.6% of this neighborhood's residents have Asian ancestry.

Townsend / Carmine - Parkmont is also pretty special linguistically. Significantly, 35.0% 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 99.7% of the neighborhoods in America.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. What is interesting to note, is that the Townsend / Carmine - Parkmont neighborhood has a greater percentage of residents born in another country (62.4%) than are found in 99.4% of all U.S. neighborhoods.

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 Townsend / Carmine - Parkmont neighborhood in San Jose 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 97.5% of the neighborhoods in America. With 12.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 54.2% 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 Townsend / Carmine - Parkmont neighborhood, 63.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 12.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.2%), and 11.3% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 Townsend / Carmine - Parkmont neighborhood is English, spoken by 37.4% of households. Other important languages spoken here include Chinese, Vietnamese, Langs. of India and Tagalog (the first language of the Philippine region).

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 Townsend / Carmine - Parkmont neighborhood in San Jose, CA, residents most commonly identify their ethnicity or ancestry as Asian (80.6%). There are also a number of people of German ancestry (4.0%), and residents who report Mexican roots (3.9%), and some of the residents are also of Irish ancestry (3.5%). In addition, 62.4% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Townsend / Carmine - Parkmont neighborhood spend between 15 and 30 minutes commuting one-way to work (42.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (62.2%) 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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