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Real Estate Prices & Overview

City Center / Luther College median real estate price is $332,674, which is more expensive than 78.1% of the neighborhoods in Iowa and 43.4% of the neighborhoods in the U.S.

The average rental price in City Center / Luther College is currently $1,005, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 78.2% of Iowa neighborhoods.

City Center / Luther College is a rural neighborhood (based on population density) located in Decorah, Iowa.

City Center / Luther College real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center / Luther College neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.

City Center / Luther College has a 11.6% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 69.2% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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 Decorah, the City Center / Luther College neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

If you are planning to retire in Iowa, this neighborhood should be on your must-see list. For many reasons, City Center / Luther College may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Iowa, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 99.8% of neighborhoods in IA. If a Iowa retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for college students.

In addition, neighborhoodScout's analysis shows that the City Center / Luther College neighborhood has a greater concentration of residents currently enrolled in college than 98.7% of the neighborhoods in the U.S. With 32.1% of the population here attending college, this is very much a college-focused neighborhood.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the City Center / Luther College neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 77.5% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 99.4% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Modes of Transportation

More people in City Center / Luther College choose to walk to work each day (28.7%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Occupations

There are more people living in the City Center / Luther College neighborhood employed as sales and service workers (61.3%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Diversity

Did you know that the City Center / Luther College neighborhood has more Norwegian and German ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 21.1% of this neighborhood's residents have Norwegian ancestry and 36.1% have German ancestry.

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 City Center / Luther College neighborhood in Decorah are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 64.8% of U.S. neighborhoods. In addition, 3.0% 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 71.1% of America'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 City Center / Luther College neighborhood, 38.7% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 37.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (11.7%), and 11.5% in manufacturing and laborer occupations.

Languages

The most common language spoken in the City Center / Luther College neighborhood is English, spoken by 94.2% of households.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the City Center / Luther College neighborhood in Decorah, IA, residents most commonly identify their ethnicity or ancestry as German (36.1%). There are also a number of people of Norwegian ancestry (21.1%), and residents who report Irish roots (14.6%), and some of the residents are also of English ancestry (8.4%), along with some Swedish ancestry residents (2.4%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in City Center / Luther College neighborhood spend under 15 minutes commuting one-way to work (77.5% of working residents), one of the shortest commutes across America.

Here most residents (54.9%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (28.7%) and 7.4% of residents also carpool with coworkers, friends, or neighbors for their daily commute. 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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