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 Madison,
the Red Tail Dr / Midtown Rd neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Did you know that the Red Tail Dr / Midtown Rd neighborhood has more
Danish and Swiss ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 3.7% of
this neighborhood's residents have Danish ancestry and 1.9% have Swiss ancestry.
Red Tail Dr / Midtown Rd is also pretty special linguistically. Significantly, 2.6% of its residents five years old and above primarily
speak Hindi, which is the official language of India at home. While this may seem like a small percentage, it is higher
than 98.1% of the neighborhoods in America.
Notable & Unique: People
A majority of the adults in the Red Tail Dr / Midtown Rd neighborhood
are wealthy and educated executives. They own stately
homes that tend to maintain high real estate appreciation rates. Their
upper-level careers keep them busy, but allow them to live comfortably.
If you're an executive and want to keep similar company, consider settling
in this neighborhood, rated as an executive lifestyle
"best choice" neighborhood for Wisconsin by NeighborhoodScout's analysis,
which rated it as better for executive lifestyles than 98.5%
of the neighborhoods in Wisconsin.
In addition to being an excellent choice for highly educated executives, this
neighborhood is also a very good choice for urban sophisticates.
In addition, do you like to read, write, and learn? Are you curious about the world? If
so, this neighborhood may be a good fit for you. NeighborhoodScout's research
revealed that a full 76.5% of the adults living in the
Red Tail Dr / Midtown Rd neighborhood have earned at least a bachelor's
degree. This is a higher rate than NeighborhoodScout found in 98.2%
of U.S. neighborhoods. In this way, this neighborhood truly stands out.
Notable & Unique: Occupations
Executives, managers and professionals make up 65.6% of the workforce
in the Red Tail Dr / Midtown Rd neighborhood which, according to
NeighborhoodScout's exclusive analysis, is a higher proportion of such
high-level people than is found in 96.4% of the neighborhoods
in America. For this reason, this neighborhood really stands out as unique.
Notable & Unique: Real Estate
In addition, if you like the look and ambience of new homes and newly built neighborhoods, you will love the Red Tail Dr / Midtown Rd neighborhood. A whopping 88.3% 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 99.5% 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.
Furthermore, this neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.6% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Red Tail Dr / Midtown Rd 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.