Meadow Park median real estate price is $261,983, which is less expensive than 76.4% of Minnesota neighborhoods and 68.9% of all U.S. neighborhoods.
The average rental price in Meadow Park is currently $1,766, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 46.1% 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 11.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 68.4% of American neighborhoods). A relatively large percentage of housing here is seasonally occupied (7.8%), 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.
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 Rochester, the Meadow Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Did you know that the Meadow Park neighborhood has more Yugoslav and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.8% of this neighborhood's residents have Yugoslav ancestry and 7.7% have Arab 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.
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 41.8% of the neighborhoods in America. With 17.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 66.2% of U.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 Meadow Park neighborhood, 37.2% 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 26.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (21.6%), and 14.9% in manufacturing and laborer occupations.
The most common language spoken in the Meadow Park neighborhood is English, spoken by 82.3% of households. Some people also speak African languages (10.1%).
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 (33.1%). There are also a number of people of Norwegian ancestry (13.0%), and residents who report Sub-Saharan African roots (10.0%), and some of the residents are also of Arab ancestry (7.7%), along with some Irish ancestry residents (7.6%), among others. In addition, 12.8% of the residents of this neighborhood were born in another country.
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 (48.6% of working residents), one of the shortest commutes across America.
Here most residents (69.1%) 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 (15.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.