Research About Our Neighborhood: Published by NeighborhoodScout.com**
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.
This particular neighborhood in Rochester Hills has some outstanding things about the way it looks and its way of life that are worth highlighting.
Notable & Unique: Real Estate
Median real estate price is $432,340, which is more expensive than 97.8% of the neighborhoods in Michigan and 82.1% of the neighborhoods in the U.S.
Owner-occupied real estate dominates the neighborhood. In fact, according to Neighborhood Scout research, the percentage of residential real estate occupied by its owner is higher here than in 99.9% of neighborhoods in America. With a real estate vacancy rate of only 0.0%, the neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
In addition, most neighborhoods are composed of a mixture of ages of homes, but this neighborhood stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between the late 70’s and early 90’s, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 97.5% of the residential real estate here was built in this one time period.
Furthermore, one way that the neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.5% 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.
Also of note, the neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 99.1% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 98.4% of all neighborhoods in America.
Notable & Unique: People
If you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 1.7% of America's neighborhoods are wealthier than this neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time.
In addition, according to Neighborhood Scout's analysis, this neighborhood is among the best neighborhoods for families in Michigan. In fact, this neighborhood is more family-friendly than 99.8% of neighborhoods in the entire state of Michigan. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for highly educated executives and urban sophisticates.
Also, astoundingly, Neighborhood Scout's research reveals that this single neighborhood has a higher concentration of married couples living here than 99.1% of all U.S. neighborhoods. Whether they have school-aged children or not, married couples are the rule in the neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests. But if you are single, you might not find many other singles here.
Finally, some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. Neighborhood Scout's analysis reveals that 37.8% of the adults here have earned a Neighborhoods degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 97.6% of U.S. neighborhoods, where the average American neighborhood has 8.4% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.
Notable & Unique: Occupations
Executives, managers and professionals make up 68.2% of the workforce in this neighborhood which, according to Neighborhood Scout's analysis, is a higher proportion of such high-level people than is found in 97.3% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Notable & Unique: Migration / Stability
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. Neighborhood Scout's research has identified this neighborhood as unique with regard to the transience of its populace. More residents of the neighborhood live here today that also were living in this same neighborhood five years ago than is found in 96.9% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.
The Neighbors: Income
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. Neighborhood Scout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the neighborhood in Rochester Hills are wealthy, making it among the 15% highest income neighborhoods in America. Neighborhood Scout's analysis reveals that this neighborhood has a higher income than 98.3% of the neighborhoods in America. 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.
The Neighbors: Occupations
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 neighborhood, 68.2% 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 restaurants, with 20.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (7.8%), and 3.5% in manufacturing and laborer occupations.
The Neighbors: 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 this neighborhood in Rochester Hills, MI, residents most commonly identify their ethnicity or ancestry as German (18.0%). There are also a number of people of Polish ancestry (14.5%), and residents who report English roots (11.4%), and some of the residents are also of Asian ancestry (10.6%), along with some Italian ancestry residents (6.5%), among others. In addition, 15.8% of the residents of this neighborhood were born in another country.
The Neighbors: 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 neighborhood is English, spoken by 82.9% of households. Other important languages spoken here include Chinese, Spanish and South Asian languages.
Finally, 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 neighborhood spend between 15 and 30 minutes commuting one-way to work (35.1% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (92.4%) 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 (6.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
For information about Rochester Hills
* School Rankings provided by schooldigger.com. SchoolDigger.com was founded in 2006 to serve one purpose: to empower parents to make informed choices about choosing a school for your child. Their database contains detailed profiles for over 136,000 schools in every state in the US, including 20 years of enrollment data, several years of test scores, crime data, real estate data, and everything their team hopes is useful in helping you make better school choices.
**Neighborhoodscout.com is a website and online database of U.S. neighborhood analytics created in 2002. The site is a recognized resource for nationwide crime data, school ratings, home appreciation, demographics and trends for magazines, news channels, website authors and personal finance books, and a listed relocation reference at the U.S. Department of State.