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Real Estate Prices & Overview

City Center / Missouri University of Science and Technology median real estate price is $235,116, which is more expensive than 55.5% of the neighborhoods in Missouri and 33.4% of the neighborhoods in the U.S.

The average rental price in City Center / Missouri University of Science and Technology is currently $1,246, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 76.0% of Missouri neighborhoods.

City Center / Missouri University of Science and Technology is a suburban neighborhood (based on population density) located in Rolla, Missouri.

City Center / Missouri University of Science and Technology real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the City Center / Missouri University of Science and Technology 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.

Vacant apartments or homes are a major fact of life in City Center / Missouri University of Science and Technology. The current real estate vacancy rate here is 17.6%. This is higher than the rate of vacancies in 82.2% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

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.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the City Center / Missouri University of Science and Technology neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 77.5% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 99.4% of U.S. neighborhoods. Less time commuting means more time for other things in life.

People

An extraordinary 55.3% of the residents of the City Center / Missouri University of Science and Technology 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.

In addition, one of the unique characteristics of the City Center / Missouri University of Science and Technology neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 97.4% of the neighborhoods in America.

Real Estate

Renter-occupied real estate is dominant in the City Center / Missouri University of Science and Technology neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 90.0%, which is higher than 96.8% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

In addition, the City Center / Missouri University of Science and Technology neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 82.6% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Modes of Transportation

More people in City Center / Missouri University of Science and Technology choose to walk to work each day (13.5%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the City Center / Missouri University of Science and Technology neighborhood. In the City Center / Missouri University of Science and Technology neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.2% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

Diversity

Did you know that the City Center / Missouri University of Science and Technology neighborhood has more Romanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.2% of this neighborhood's residents have Romanian ancestry.

City Center / Missouri University of Science and Technology is also pretty special linguistically. Significantly, 3.9% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 96.1% 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 City Center / Missouri University of Science and Technology neighborhood in Rolla are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.4% of U.S. neighborhoods. In addition, 0.8% 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 79.3% of America'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 City Center / Missouri University of Science and Technology neighborhood, 32.6% 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 26.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (24.1%), and 15.1% 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 / Missouri University of Science and Technology neighborhood is English, spoken by 88.2% of households. Other important languages spoken here include Langs. of India and French.

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 / Missouri University of Science and Technology neighborhood in Rolla, MO, residents most commonly identify their ethnicity or ancestry as German (12.4%). There are also a number of people of French ancestry (6.6%), and residents who report Asian roots (5.4%), and some of the residents are also of English ancestry (5.0%), along with some Irish ancestry residents (4.4%), among others. In addition, 11.1% 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 City Center / Missouri University of Science and Technology neighborhood spend under 15 minutes commuting one-way to work (77.5% of working residents), one of the shortest commutes across America.

Here most residents (72.5%) 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 (13.5%) and 10.7% 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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