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Real Estate Prices & Overview

Walnut Ridge / Southwest Estates median real estate price is $597,148, which is more expensive than 98.3% of the neighborhoods in Iowa and 74.4% of the neighborhoods in the U.S.

The average rental price in Walnut Ridge / Southwest Estates is currently $1,661, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.4% of the neighborhoods in Iowa.

Walnut Ridge / Southwest Estates is a rural neighborhood (based on population density) located in Iowa City, Iowa.

Walnut Ridge / Southwest Estates real estate is primarily made up of large (four, five or more 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 Walnut Ridge / Southwest Estates neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 6.8% in Walnut Ridge / Southwest Estates. NeighborhoodScout analysis shows that this rate is lower than 55.1% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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.

People

Of note is NeighborhoodScout's research finding that the Walnut Ridge / Southwest Estates neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Walnut Ridge / Southwest Estates community truly stands out from the rest in this regard.

In addition, some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 45.9% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 98.6% of U.S. neighborhoods, where the average American neighborhood has 13.4% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.

Also, a majority of the adults in the Walnut Ridge / Southwest Estates 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 Iowa by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 98.5% of the neighborhoods in Iowa.

Occupations

The Walnut Ridge / Southwest Estates neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 98.5% of the neighborhoods in America. In fact, 77.7% 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.

Real Estate

Homes built from 2000 through today make up a higher proportion of the Walnut Ridge / Southwest Estates neighborhood's real estate landscape than 96.2% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 72.4% of the residential real estate here is classified as newer.

Diversity

Did you know that the Walnut Ridge / Southwest Estates neighborhood has more Hungarian and Swedish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.6% of this neighborhood's residents have Hungarian ancestry and 4.5% have Swedish ancestry.

Walnut Ridge / Southwest Estates is also pretty special linguistically. Significantly, 2.9% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 96.9% 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 Walnut Ridge / Southwest Estates neighborhood in Iowa City 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 89.5% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Walnut Ridge / Southwest Estates neighborhood, 77.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 8.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (8.1%), and 5.7% 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 Walnut Ridge / Southwest Estates neighborhood is English, spoken by 83.1% of households. Other important languages spoken here include Chinese and African languages.

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 Walnut Ridge / Southwest Estates neighborhood in Iowa City, IA, residents most commonly identify their ethnicity or ancestry as German (25.7%). There are also a number of people of Asian ancestry (17.7%), and residents who report English roots (13.7%), and some of the residents are also of Irish ancestry (13.6%), along with some Italian ancestry residents (5.0%), among others. In addition, 14.0% 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 Walnut Ridge / Southwest Estates neighborhood spend between 15 and 30 minutes commuting one-way to work (60.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (69.5%) 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 (9.0%) and 7.8% of residents also ride the bus 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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