Mile Square Northwest / Downtown Riverside median real estate price is $755,689, which is more expensive than 39.1% of the neighborhoods in California and 81.8% of the neighborhoods in the U.S.
The average rental price in Mile Square Northwest / Downtown Riverside is currently $2,966, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 61.0% of California neighborhoods.
Mile Square Northwest / Downtown Riverside is a suburban neighborhood (based on population density) located in Riverside, California.
Mile Square Northwest / Downtown Riverside real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Mile Square Northwest / Downtown Riverside neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 2000 and the present.
Mile Square Northwest / Downtown Riverside has a 10.5% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 65.1% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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 Riverside, the Mile Square Northwest / Downtown Riverside neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Of particular note, 14.9% of the people in the Mile Square Northwest / Downtown Riverside neighborhood currently reside in a correction facility, held due to punishment for a crime.
Renter-occupied real estate is dominant in the Mile Square Northwest / Downtown Riverside neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 90.3%, which is higher than 96.9% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
In addition, the Mile Square Northwest / Downtown Riverside neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 87.2% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Mile Square Northwest / Downtown Riverside neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 13.3% of its workforce, this neighborhood has a greater concentration of government workers than 95.7% of U.S. neighborhoods.
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 Mile Square Northwest / Downtown Riverside neighborhood in Riverside are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 68.6% of U.S. neighborhoods. With 29.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 81.4% 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 Mile Square Northwest / Downtown Riverside neighborhood, 37.4% 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 27.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.7%), and 15.7% in clerical, assistant, and tech support 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 Mile Square Northwest / Downtown Riverside neighborhood is English, spoken by 74.0% of households. Other important languages spoken here include Spanish and Italian.
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 Mile Square Northwest / Downtown Riverside neighborhood in Riverside, CA, residents most commonly identify their ethnicity or ancestry as Mexican (44.5%). There are also a number of people of German ancestry (13.7%), and residents who report Irish roots (10.2%), and some of the residents are also of English ancestry (6.4%), along with some Italian ancestry residents (6.0%), among others.
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 Mile Square Northwest / Downtown Riverside neighborhood spend between 15 and 30 minutes commuting one-way to work (29.5% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (67.9%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.