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Real Estate Prices & Overview

Riverwalk median real estate price is $794,289, which is more expensive than 47.7% of the neighborhoods in California and 84.4% of the neighborhoods in the U.S.

The average rental price in Riverwalk is currently $4,208, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 80.4% of the neighborhoods in California.

Riverwalk is a suburban neighborhood (based on population density) located in Santee, California.

Riverwalk real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Riverwalk 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 Riverwalk, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Riverwalk is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Riverwalk 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.

People

An interesting characteristic about the Riverwalk neighborhood is that there are more incarcerated people living here than 99.2% of neighborhoods in the U.S. The United States has the highest rate of incarceration in the world, currently with 1 out of every 100 adults in the country are incarcerated as a punishment for crimes committed. The extremely high incarceration rate of this neighborhood could mean that a prison, juvenile detention facility or other correctional facility occupies a large proportion of the neighborhood, or contains a large portion of the neighborhood's population.

In addition, riverwalk is ranked among the top 9.9% of neighborhoods for first-time home buyers to consider in the state of California according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the Riverwalk neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers.

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 Riverwalk neighborhood in Santee 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 91.3% of the neighborhoods in America. In addition, 10.1% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 50.5% of America'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 Riverwalk neighborhood, 40.3% 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 23.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (23.3%), and 12.4% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Riverwalk neighborhood is English, spoken by 81.5% of households. Some people also speak Spanish (11.2%).

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 Riverwalk neighborhood in Santee, CA, residents most commonly identify their ethnicity or ancestry as Mexican (16.6%). There are also a number of people of German ancestry (11.9%), and residents who report English roots (9.9%), and some of the residents are also of Irish ancestry (7.3%), along with some Asian ancestry residents (6.4%), among others. In addition, 12.2% 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 Riverwalk neighborhood spend between 15 and 30 minutes commuting one-way to work (33.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (83.3%) 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 (8.0%) . 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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