Twin Lakes / Five Branches U median real estate price is $717,028, which is more expensive than 73.8% of the neighborhoods in California and 95.1% of the neighborhoods in the U.S.
The average rental price in Twin Lakes / Five Branches U is currently $2,175, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 75.8% of the neighborhoods in California.
Twin Lakes / Five Branches U is an urban neighborhood (based on population density) located in Santa Cruz, California. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Twin Lakes / Five Branches U 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 Twin Lakes / Five Branches U neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Twin Lakes / Five Branches U. The current real estate vacancy rate here is 17.6%. This is higher than the rate of vacancies in 80.8% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (16.6%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.