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Real Estate Prices & Overview

Newhall Ranch / Castaic Junction median real estate price is $1,412,297, which is more expensive than 83.5% of the neighborhoods in California and 96.4% of the neighborhoods in the U.S.

The average rental price in Newhall Ranch / Castaic Junction is currently $4,787, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 85.2% of the neighborhoods in California.

Newhall Ranch / Castaic Junction is a suburban neighborhood (based on population density) located in Stevenson Ranch, California.

Newhall Ranch / Castaic Junction real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Newhall Ranch / Castaic Junction neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Newhall Ranch / Castaic Junction, the current vacancy rate is 0.2%, which is a lower rate of vacancies than 93.5% of all neighborhoods in the U.S. This means that the housing supply in Newhall Ranch / Castaic Junction is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Occupations

The Newhall Ranch / Castaic Junction neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 97.4% of the neighborhoods in America. In fact, 73.5% 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.

People

The Newhall Ranch / Castaic Junction neighborhood is considered a solid choice for executive lifestyles. NeighborhoodScout's analysis ranks it as better than 94.0% of California neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children.

Diversity

Did you know that the Newhall Ranch / Castaic Junction neighborhood has more Asian and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 30.8% of this neighborhood's residents have Asian ancestry and 1.1% have Iranian ancestry.

Newhall Ranch / Castaic Junction is also pretty special linguistically. Significantly, 9.5% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 99.6% of the neighborhoods in America.

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 Newhall Ranch / Castaic Junction neighborhood in Stevenson Ranch 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 94.2% of the neighborhoods in America. In addition, 0.9% 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 79.1% 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 Newhall Ranch / Castaic Junction neighborhood, 73.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 14.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (7.2%), and 5.3% 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 Newhall Ranch / Castaic Junction neighborhood is English, spoken by 72.8% of households. Other important languages spoken here include Korean, Langs. of India, Spanish and Polish.

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 Newhall Ranch / Castaic Junction neighborhood in Stevenson Ranch, CA, residents most commonly identify their ethnicity or ancestry as Asian (30.8%). There are also a number of people of Mexican ancestry (16.6%), and residents who report Irish roots (6.4%), and some of the residents are also of French ancestry (5.7%), along with some Italian ancestry residents (4.5%), among others. In addition, 21.9% 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 Newhall Ranch / Castaic Junction neighborhood spend between 45 minutes and one hour commuting one-way to work (31.0% of working residents), longer and tougher than most commutes in America.

Here most residents (71.0%) 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 (5.8%) . 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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