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Real Estate Prices & Overview

Peninsula Area median real estate price is $352,225, which is more expensive than 86.0% of the neighborhoods in Iowa and 50.8% of the neighborhoods in the U.S.

The average rental price in Peninsula Area is currently $1,935, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 98.2% of the neighborhoods in Iowa.

Peninsula Area is a rural neighborhood (based on population density) located in Iowa City, Iowa.

Peninsula Area 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 Peninsula Area 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.

Home and apartment vacancy rates are 8.2% in Peninsula Area. NeighborhoodScout analysis shows that this rate is lower than 46.8% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 Iowa City, the Peninsula Area neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

If knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Peninsula Area neighborhood, where 42.7% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 97.9% of the neighborhoods in America.

In addition, the Peninsula Area neighborhood is considered a solid choice for executive lifestyles. NeighborhoodScout's analysis ranks it as better than 94.1% of Iowa 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 college students.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 95.2% of U.S. neighborhoods.

Also, would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Peninsula Area neighborhood is a fantastic option for bicycle commuters, as 2.7% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 95.1% of the neighborhoods in America.

Diversity

Did you know that the Peninsula Area neighborhood has more Swiss ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.7% of this neighborhood's residents have Swiss 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 Peninsula Area neighborhood in Iowa City are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 66.4% of the neighborhoods in America. With 10.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 50.7% 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 Peninsula Area neighborhood, 65.9% 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 16.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (8.9%), and 8.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Peninsula Area neighborhood is English, spoken by 89.2% of households. Some people also speak Spanish (6.2%).

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 Peninsula Area neighborhood in Iowa City, IA, residents most commonly identify their ethnicity or ancestry as German (27.0%). There are also a number of people of Irish ancestry (18.1%), and residents who report English roots (11.7%), and some of the residents are also of Norwegian ancestry (3.8%), along with some Asian ancestry residents (3.8%), among others. In addition, 11.9% of the residents of this neighborhood were born in another country.

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 Peninsula Area neighborhood spend under 15 minutes commuting one-way to work (46.8% of working residents), one of the shortest commutes across America.

Here most residents (57.0%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (10.8%) and 8.2% 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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