Golden Rectangle / Southeast Carmel median real estate price is $2,923,739, which is more expensive than 93.2% of the neighborhoods in California and 98.7% of the neighborhoods in the U.S.
The average rental price in Golden Rectangle / Southeast Carmel is currently $5,138, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 90.6% of the neighborhoods in California.
Golden Rectangle / Southeast Carmel is a suburban neighborhood (based on population density) located in Carmel-by-the-Sea, California. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Golden Rectangle / Southeast Carmel real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Golden Rectangle / Southeast Carmel neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Vacant apartments or homes are a major fact of life in Golden Rectangle / Southeast Carmel. The current real estate vacancy rate here is 52.3%. This is higher than the rate of vacancies in 98.9% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (44.4%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
Do you like a coastal setting? If so, this neighborhood may be to your liking. The Golden Rectangle / Southeast Carmel neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Golden Rectangle / Southeast Carmel is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.
In addition, despite all of the residential real estate here in the Golden Rectangle / Southeast Carmel neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 52.3%, which is higher than 98.9% of all U.S. neighborhoods.
In a nation where 1 out of every 4 children lives in poverty, the Golden Rectangle / Southeast Carmel neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, if you are planning to retire in California, this neighborhood should be on your must-see list. For many reasons, Golden Rectangle / Southeast Carmel may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in California, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 98.5% of neighborhoods in CA. If a California retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for urban sophisticates and highly educated executives.
Our research shows that more people carpool to work here in the Golden Rectangle / Southeast Carmel (51.8%) than in 100.0% of the neighborhoods in America.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Golden Rectangle / Southeast Carmel neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 70.0% 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 98.5% of U.S. neighborhoods. Less time commuting means more time for other things in life.
Did you know that the Golden Rectangle / Southeast Carmel neighborhood has more Scottish and Dutch ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.4% of this neighborhood's residents have Scottish ancestry and 6.6% have Dutch ancestry.
Golden Rectangle / Southeast Carmel is also pretty special linguistically. Significantly, 5.6% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 99.2% of the neighborhoods in America.
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 Golden Rectangle / Southeast Carmel neighborhood in Carmel-by-the-Sea are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 82.5% 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.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Golden Rectangle / Southeast Carmel neighborhood, 66.1% 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 24.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (7.1%), and 2.7% in manufacturing and laborer occupations.
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 Golden Rectangle / Southeast Carmel neighborhood is English, spoken by 80.3% of households. Other important languages spoken here include Spanish, German/Yiddish and Polish.
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Golden Rectangle / Southeast Carmel neighborhood in Carmel-by-the-Sea, CA, residents most commonly identify their ethnicity or ancestry as English (18.6%). There are also a number of people of German ancestry (17.9%), and residents who report Irish roots (16.5%), and some of the residents are also of Scottish ancestry (7.4%), along with some Norwegian ancestry residents (6.8%), among others. In addition, 13.2% of the residents of this neighborhood were born in another country.
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 Golden Rectangle / Southeast Carmel neighborhood spend under 15 minutes commuting one-way to work (70.0% of working residents), one of the shortest commutes across America.
Here most residents (51.8%) carpool with coworkers, friends, or neighbors to get to work. In addition, quite a number also drive alone in a private automobile to get to work (33.5%) and 5.6% of residents also hop out the door and walk to work for their daily commute. Despite relying on the automobile to get to work, residents of this neighborhood share the ride more than most neighborhoods, reducing traffic, pollution, and saving money.