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Real Estate Prices & Overview

River Terrace median real estate price is $647,659, which is more expensive than 88.8% of the neighborhoods in Georgia and 79.1% of the neighborhoods in the U.S.

Average rental prices in the River Terrace neighborhood are currently unreported, based on NeighborhoodScout's exclusive analysis.

River Terrace is a suburban neighborhood (based on population density) located in Roswell, Georgia.

River Terrace 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 River Terrace 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 River Terrace, the current vacancy rate is 2.9%, which is a lower rate of vacancies than 80.9% of all neighborhoods in the U.S. This means that the housing supply in River Terrace 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 Roswell, the River Terrace neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Owner-occupied real estate dominates the River Terrace neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 99.8% of neighborhoods in America.

In addition, most neighborhoods are composed of a mixture of ages of homes, but the River Terrace 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, 95.8% of the residential real estate here was built in this one time period.

Furthermore, one way that the River Terrace neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 98.4% 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.

Modes of Transportation

A unique way of commuting is simply not to. And in the River Terrace neighborhood, analysis shows that 33.3% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 98.3% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.

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 River Terrace 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, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 78.4% of the adults living in the River Terrace neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 97.3% of U.S. neighborhoods. In this way, this neighborhood truly stands out.

Also, a majority of the adults in the River Terrace 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 Georgia by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 96.5% of the neighborhoods in Georgia. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for urban sophisticates, active retirees and families with school-aged children.

Occupations

Executives, managers and professionals make up 69.5% of the workforce in the River Terrace neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 95.2% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Diversity

Did you know that the River Terrace neighborhood has more Ukrainian and Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.1% of this neighborhood's residents have Ukrainian ancestry and 1.7% have Canadian ancestry.

River Terrace is also pretty special linguistically. Significantly, 0.8% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 97.0% 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 River Terrace neighborhood in Roswell 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 97.3% of the neighborhoods in America. With 10.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 50.4% of U.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 River Terrace neighborhood, 69.5% 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 20.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (5.9%), and 4.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the River Terrace neighborhood is English, spoken by 95.5% of households. Some people also speak French (2.2%).

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 River Terrace neighborhood in Roswell, GA, residents most commonly identify their ethnicity or ancestry as English (14.9%). There are also a number of people of Irish ancestry (13.7%), and residents who report Italian roots (11.8%), and some of the residents are also of Polish ancestry (8.0%), along with some German ancestry residents (6.5%), among others. In addition, 11.6% 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 River Terrace neighborhood spend between 15 and 30 minutes commuting one-way to work (36.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (61.5%) drive alone in a private automobile to get to work. 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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