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 Chen St / Lundy Ave neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Did you know that the Chen St / Lundy Ave neighborhood has more
Asian and Iranian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 77.9% of
this neighborhood's residents have Asian ancestry and 1.1% have Iranian ancestry.
Chen St / Lundy Ave is also pretty special linguistically. Significantly, 10.9% of its residents five years old and above primarily
speak Vietnamese at home. While this may seem like a small percentage, it is higher
than 99.6% of the neighborhoods in America.
Notable & Unique: 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 Chen St / Lundy Ave
neighborhood has a greater percentage of residents born in another country
(61.4%) than are found in 99.3% of all U.S. neighborhoods.
Notable & Unique: People
Wealth makes most things in life easier, and a few things harder.
If you are wealthy and enjoy keeping up with the Jones', this neighborhood
will interest you. In fact, according to NeighborhoodScout's research,
the Chen St / Lundy Ave neighborhood is wealthier than 97.3%
of the neighborhoods in the United States. Residents here are truly in
a unique situation even when compared to other Americans, based on the
sheer amount of wealth concentrated here. Even in times of economic
downturn, residents of this neighborhood, as a group, suffered less
and recovered more quickly. This is indeed a stand-out characteristic
of this neighborhood.
In addition, a majority of the adults in the Chen St / Lundy Ave 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 96.1%
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 urban sophisticates.
Also, the rate of college educated adults in the Chen St / Lundy Ave neighborhood
is a unique characteristic of the neighborhood. 69.0% of
adults here have received at least a 4-year bachelor's degree, compared to
the average neighborhood in America, which has 22.6% of the adults with a
bachelor's degree. The rate here is higher than NeighborhoodScout found in
96.1% of all U.S. neighborhoods.
Notable & Unique: Occupations
The Chen St / Lundy Ave neighborhood has a higher proportion of
its residents employed as executives, managers and professionals than
96.0% of the neighborhoods in American. In fact, 64.8%
of the employed people here make a living as an executive, a manager, or
other professional. With such a high concentration, this truly shapes
the character of this neighborhood, and to a large degree defines what
this neighborhood is about.
Notable & Unique: Real Estate
In addition, most neighborhoods are composed of a mixture of ages of homes, but the Chen St / Lundy Ave 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, 94.1% of the residential real estate here was built in this one time period.
Furthermore, if you love row houses and attached homes, you will probably really like the Chen St / Lundy Ave neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 29.4% of the residential real estate here is classified as row houses and attached homes.
Also of note, this neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.8% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Chen St / Lundy Ave neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.