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Real Estate Prices & Overview

Spanish Fork Southeast median real estate price is $605,333, which is more expensive than 61.8% of the neighborhoods in Utah and 74.2% of the neighborhoods in the U.S.

The average rental price in Spanish Fork Southeast is currently $1,662, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 66.7% of Utah neighborhoods.

Spanish Fork Southeast is an urban neighborhood (based on population density) located in Spanish Fork, Utah.

Spanish Fork Southeast real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Spanish Fork Southeast neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Spanish Fork Southeast, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Spanish Fork Southeast is very tight compared to the demand for property here.

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 Spanish Fork, the Spanish Fork Southeast neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Owner-occupied real estate dominates the Spanish Fork Southeast neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 96.2% of neighborhoods in America. This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Spanish Fork Southeast neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.

In addition, one way that the Spanish Fork Southeast neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 98.1% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.

Furthermore, if you like the look and ambience of new homes and newly built neighborhoods, you will love the Spanish Fork Southeast neighborhood. A whopping 83.4% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 97.9% of the neighborhoods in the U.S. Everything here just feels new. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.

People

The Spanish Fork Southeast neighborhood stands out within Utah 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 5.9% of college-friendly places to live in UT. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for urban sophisticates, highly educated executives and families with school-aged children.

Diversity

Did you know that the Spanish Fork Southeast neighborhood has more English and Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 39.8% of this neighborhood's residents have English ancestry and 3.2% have Canadian ancestry.

Spanish Fork Southeast is also pretty special linguistically. Significantly, 0.9% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 96.8% of the neighborhoods in America.

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 Spanish Fork Southeast neighborhood in Spanish Fork are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 86.7% of the neighborhoods in America. In addition, 9.8% 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 51.3% 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 Spanish Fork Southeast neighborhood, 48.1% 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 28.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (12.1%), and 11.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Spanish Fork Southeast neighborhood is English, spoken by 89.4% of households. Some people also speak Spanish (7.7%).

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 Spanish Fork Southeast neighborhood in Spanish Fork, UT, residents most commonly identify their ethnicity or ancestry as English (39.8%). There are also a number of people of Scottish ancestry (6.9%), and residents who report Mexican roots (6.4%), and some of the residents are also of Irish ancestry (5.6%), along with some German ancestry residents (4.4%), 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 Spanish Fork Southeast neighborhood spend between 15 and 30 minutes commuting one-way to work (46.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (77.1%) 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 (10.3%) . 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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