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Real Estate Prices & Overview

Silver Creek Southwest median real estate price is $1,578,681, which is more expensive than 88.2% of the neighborhoods in California and 97.6% of the neighborhoods in the U.S.

The average rental price in Silver Creek Southwest is currently $5,443, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 96.1% of the neighborhoods in California.

Silver Creek Southwest is a rural neighborhood (based on population density) located in San Jose, California.

Silver Creek Southwest 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 Silver Creek Southwest 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 Silver Creek Southwest, the current vacancy rate is 0.7%, which is a lower rate of vacancies than 92.3% of all neighborhoods in the U.S. This means that the housing supply in Silver Creek Southwest 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 Silver Creek Southwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

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 Silver Creek Southwest neighborhood is wealthier than 98.0% 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, according to NeighborhoodScout's exclusive analysis, Silver Creek Southwest is among the best neighborhoods for families in California. In fact, this neighborhood is more family-friendly than 95.3% of neighborhoods in the entire state of California. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Silver Creek Southwest neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for highly educated executives.

Real Estate

One way that the Silver Creek Southwest neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 97.6% 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.

Diversity

Did you know that the Silver Creek Southwest neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 49.3% of this neighborhood's residents have Asian ancestry.

Silver Creek Southwest is also pretty special linguistically. Significantly, 13.9% 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 99.7% of the neighborhoods in America.

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 Silver Creek Southwest 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 98.0% of the neighborhoods in America. With 35.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 85.9% 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 Silver Creek Southwest neighborhood, 64.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 16.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (11.0%), and 8.8% in manufacturing and laborer occupations.

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 Silver Creek Southwest neighborhood is English, spoken by 46.3% of households. Other important languages spoken here include Vietnamese, Spanish, Chinese and Langs. of India.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Silver Creek Southwest neighborhood in San Jose, CA, residents most commonly identify their ethnicity or ancestry as Asian (49.3%). There are also a number of people of Mexican ancestry (12.5%), and residents who report Irish roots (4.6%), and some of the residents are also of Italian ancestry (3.6%), along with some German ancestry residents (2.6%), among others. In addition, 36.8% 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 Silver Creek Southwest neighborhood spend between 45 minutes and one hour commuting one-way to work (42.1% of working residents), longer and tougher than most commutes in America.

Here most residents (69.6%) 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 (11.4%) . 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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