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Real Estate Prices & Overview

City Center / Gustavus Adolphus College median real estate price is $276,258, which is more expensive than 36.6% of the neighborhoods in Minnesota and 39.8% of the neighborhoods in the U.S.

The average rental price in City Center / Gustavus Adolphus College is currently $1,562, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 63.0% of Minnesota neighborhoods.

City Center / Gustavus Adolphus College is a suburban neighborhood (based on population density) located in St. Peter, Minnesota.

City Center / Gustavus Adolphus College real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 City Center / Gustavus Adolphus College neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In City Center / Gustavus Adolphus College, the current vacancy rate is 1.9%, which is a lower rate of vacancies than 87.8% of all neighborhoods in the U.S. This means that the housing supply in City Center / Gustavus Adolphus College is very tight compared to the demand for property here.

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.

People

Of note is NeighborhoodScout's research finding that the City Center / Gustavus Adolphus College 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 City Center / Gustavus Adolphus College community truly stands out from the rest in this regard.

In addition, one of the really interesting characteristics about the City Center / Gustavus Adolphus College neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 0.5% of college-friendly places to live in the state of Minnesota.

Also, an extraordinary 36.6% of the residents of the City Center / Gustavus Adolphus College neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

Finally, there is an especially high percentage of incarcerated people (0.9%) living in the City Center / Gustavus Adolphus College neighborhood.

Modes of Transportation

In the City Center / Gustavus Adolphus College neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 38.5% 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 99.7% 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.

Diversity

Did you know that the City Center / Gustavus Adolphus College neighborhood has more Swedish and Belgian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.2% of this neighborhood's residents have Swedish ancestry and 1.4% have Belgian ancestry.

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 City Center / Gustavus Adolphus College neighborhood in St. Peter are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 62.6% of U.S. neighborhoods. 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 City Center / Gustavus Adolphus College neighborhood, 32.8% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 30.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.9%), and 16.4% in clerical, assistant, and tech support 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 City Center / Gustavus Adolphus College neighborhood is English, spoken by 91.5% of households. Other important languages spoken here include Spanish and Polish.

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 City Center / Gustavus Adolphus College neighborhood in St. Peter, MN, residents most commonly identify their ethnicity or ancestry as German (33.0%). There are also a number of people of Norwegian ancestry (11.0%), and residents who report Irish roots (8.7%), and some of the residents are also of Swedish ancestry (8.2%), along with some English ancestry residents (3.9%), among others.

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 City Center / Gustavus Adolphus College 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 (43.9%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (9.3%) 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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