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Real Estate Prices & Overview

SW Murray Blvd / SW Springbrooke Ln median real estate price is $449,087, which is more expensive than 38.3% of the neighborhoods in Oregon and 62.8% of the neighborhoods in the U.S.

The average rental price in SW Murray Blvd / SW Springbrooke Ln is currently $2,561, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 82.6% of the neighborhoods in Oregon.

SW Murray Blvd / SW Springbrooke Ln is a densely urban neighborhood (based on population density) located in Beaverton, Oregon.

SW Murray Blvd / SW Springbrooke Ln 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 townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the SW Murray Blvd / SW Springbrooke Ln 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.

Real estate vacancies in SW Murray Blvd / SW Springbrooke Ln are 3.8%, which is lower than one will find in 74.6% of American neighborhoods. Demand for real estate in SW Murray Blvd / SW Springbrooke Ln 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.

Notable & Unique Neighborhood Characteristics

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 Beaverton, the SW Murray Blvd / SW Springbrooke Ln neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The SW Murray Blvd / SW Springbrooke Ln 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 88.0% 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.

In addition, one of the really unique and interesting things about the look and setting of the SW Murray Blvd / SW Springbrooke Ln neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 72.5% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 95.5% of all neighborhoods in America.

People

The SW Murray Blvd / SW Springbrooke Ln neighborhood stands out within Oregon for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 6.4% of college-friendly places to live in OR.

Diversity

Did you know that the SW Murray Blvd / SW Springbrooke Ln neighborhood has more Canadian and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.7% of this neighborhood's residents have Canadian ancestry and 4.0% have Arab ancestry.

SW Murray Blvd / SW Springbrooke Ln is also pretty special linguistically. Significantly, 0.8% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 96.5% 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 SW Murray Blvd / SW Springbrooke Ln neighborhood in Beaverton are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 57.9% of the neighborhoods in America. In addition, 3.5% 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 69.6% 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 SW Murray Blvd / SW Springbrooke Ln neighborhood, 49.5% 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 18.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (17.5%), and 14.2% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the SW Murray Blvd / SW Springbrooke Ln neighborhood is English, spoken by 85.1% of households. Some people also speak Spanish (8.3%).

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 SW Murray Blvd / SW Springbrooke Ln neighborhood in Beaverton, OR, residents most commonly identify their ethnicity or ancestry as German (19.3%). There are also a number of people of Mexican ancestry (11.9%), and residents who report Irish roots (10.6%), and some of the residents are also of Asian ancestry (8.1%), along with some Norwegian ancestry residents (5.2%), among others. In addition, 16.1% 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 SW Murray Blvd / SW Springbrooke Ln neighborhood spend between 15 and 30 minutes commuting one-way to work (44.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (73.2%) 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 (6.3%) . 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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