Palisade Park / Cedar Ridge Park median real estate price is $501,701, which is more expensive than 91.8% of the neighborhoods in Kansas and 69.2% of the neighborhoods in the U.S.
The average rental price in Palisade Park / Cedar Ridge Park is currently $2,268, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 89.9% of the neighborhoods in Kansas.
Palisade Park / Cedar Ridge Park is a suburban neighborhood (based on population density) located in Olathe, Kansas.
Palisade Park / Cedar Ridge Park real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Palisade Park / Cedar Ridge Park neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Palisade Park / Cedar Ridge Park are 4.0%, which is lower than one will find in 73.2% of American neighborhoods. Demand for real estate in Palisade Park / Cedar Ridge Park is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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 Olathe, the Palisade Park / Cedar Ridge Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
People
Of note is NeighborhoodScout's research finding that the Palisade Park / Cedar Ridge Park 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 Palisade Park / Cedar Ridge Park community truly stands out from the rest in this regard.
In addition, a majority of the adults in the Palisade Park / Cedar Ridge Park 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 Kansas by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 99.3% of the neighborhoods in Kansas. 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 and urban sophisticates.
Real Estate
One way that the Palisade Park / Cedar Ridge Park neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.7% 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.
In addition, real estate in the Palisade Park / Cedar Ridge Park neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 99.0% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood.
Furthermore, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Palisade Park / Cedar Ridge Park neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 98.7% of all American neighborhoods.
Also of note, if you like the look and ambience of new homes and newly built neighborhoods, you will love the Palisade Park / Cedar Ridge Park neighborhood. A whopping 88.9% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 98.7% of the neighborhoods in the U.S. Everything here just feels new. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.
Modes of Transportation
In the Palisade Park / Cedar Ridge Park neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 39.2% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 99.4% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Occupations
The Palisade Park / Cedar Ridge Park neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 95.9% of the neighborhoods in America. In fact, 70.8% 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.
Diversity
Did you know that the Palisade Park / Cedar Ridge Park neighborhood has more Iranian and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.5% of this neighborhood's residents have Iranian ancestry and 6.5% have Arab ancestry.
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 Palisade Park / Cedar Ridge Park neighborhood in Olathe 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 94.7% 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.
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 Palisade Park / Cedar Ridge Park neighborhood, 70.8% 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 11.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (11.3%), and 6.4% in manufacturing and laborer occupations.
Languages
The most common language spoken in the Palisade Park / Cedar Ridge Park neighborhood is English, spoken by 88.9% 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 Palisade Park / Cedar Ridge Park neighborhood in Olathe, KS, residents most commonly identify their ethnicity or ancestry as German (22.6%). There are also a number of people of Irish ancestry (19.0%), and residents who report English roots (11.7%), and some of the residents are also of Arab ancestry (6.5%), along with some Irania ancestry residents (6.5%), among others. In addition, 10.7% of the residents of this neighborhood were born in another country.
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 Palisade Park / Cedar Ridge Park neighborhood spend between 15 and 30 minutes commuting one-way to work (44.3% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (59.3%) 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.
