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Real Estate Prices & Overview

Meadow Park median real estate price is $240,542, which is less expensive than 77.2% of Minnesota neighborhoods and 69.0% of all U.S. neighborhoods.

The average rental price in Meadow Park is currently $1,486, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 62.3% of Minnesota neighborhoods.

Meadow Park is a suburban neighborhood (based on population density) located in Rochester, Minnesota.

Meadow Park real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Meadow Park 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.

Meadow Park has a 12.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 70.8% of American neighborhoods). A relatively large percentage of housing here is seasonally occupied (7.7%), which can occur in some markets dominated by colleges or vacation homes. If you live here year round, you will find many of the homes or apartments are empty for all or a portion of the year.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Diversity

Did you know that the Meadow Park neighborhood has more Norwegian and Yugoslav ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 19.5% of this neighborhood's residents have Norwegian ancestry and 1.3% have Yugoslav ancestry.

Meadow Park is also pretty special linguistically. Significantly, 10.1% 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 99.7% 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 Meadow Park neighborhood in Rochester are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 50.8% of the neighborhoods in America. With 11.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 53.6% 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 Meadow Park neighborhood, 40.3% 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 21.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (21.2%), and 16.5% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Meadow Park neighborhood is English, spoken by 85.1% of households. Some people also speak African languages (10.1%).

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 Meadow Park neighborhood in Rochester, MN, residents most commonly identify their ethnicity or ancestry as German (38.3%). There are also a number of people of Norwegian ancestry (19.5%), and residents who report Irish roots (8.0%), and some of the residents are also of Asian ancestry (6.5%), along with some Sub-Saharan African ancestry residents (5.9%), among others. In addition, 10.2% 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 Meadow Park neighborhood spend under 15 minutes commuting one-way to work (53.0% of working residents), one of the shortest commutes across America.

Here most residents (66.0%) 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 (19.0%) . 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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