Ferrari Ranch median real estate price is $453,235, which is less expensive than 85.3% of California neighborhoods and 40.5% of all U.S. neighborhoods.
The average rental price in Ferrari Ranch is currently $2,118, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 85.2% of California neighborhoods.
Ferrari Ranch is a suburban neighborhood (based on population density) located in Merced, California.
Ferrari Ranch real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more 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 Ferrari Ranch neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In Ferrari Ranch, the current vacancy rate is 2.1%, which is a lower rate of vacancies than 85.8% of all neighborhoods in the U.S. This means that the housing supply in Ferrari Ranch is very tight compared to the demand for property here.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
It used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish or harvest timber now than at any time in American history. But according to NeighborhoodScout's leading analysis, the Ferrari Ranch neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 4.8% of the workforce so employed, this neighborhood has a greater concentration of such workers than 96.6% of U.S. neighborhoods.
An extraordinary 12.0% of the residents of the Ferrari Ranch neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.
Our research reveals that 89.2% of commuters who live in the Ferrari Ranch neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 95.3% of U.S. neighborhoods.
Did you know that the Ferrari Ranch neighborhood has more Portuguese and Swiss ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.6% of this neighborhood's residents have Portuguese ancestry and 2.3% have Swiss ancestry.
Ferrari Ranch is also pretty special linguistically. Significantly, 2.3% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 98.0% 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 Ferrari Ranch neighborhood in Merced are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 65.6% of the neighborhoods in America. With 17.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 65.0% of U.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 Ferrari Ranch neighborhood, 44.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 27.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (17.2%), and 8.2% in government jobs, whether they are in local, state, or federal positions.
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 Ferrari Ranch neighborhood is Spanish, spoken by 39.3% of households. Other important languages spoken here include English and Portuguese.
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 Ferrari Ranch neighborhood in Merced, CA, residents most commonly identify their ethnicity or ancestry as Mexican (49.6%). There are also a number of people of Asian ancestry (22.7%), and residents who report Portuguese roots (5.6%), and some of the residents are also of German ancestry (2.8%), along with some Swiss ancestry residents (2.3%), among others. In addition, 29.8% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Ferrari Ranch neighborhood spend between 15 and 30 minutes commuting one-way to work (50.7% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (89.2%) 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 (5.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.