Riverbend median real estate price is $218,507, which is more expensive than 48.5% of the neighborhoods in Kansas and 24.6% of the neighborhoods in the U.S.
The average rental price in Riverbend is currently $1,244, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 69.0% of Kansas neighborhoods.
Riverbend is a suburban neighborhood (based on population density) located in Wichita, Kansas.
Riverbend real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Riverbend neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Riverbend, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Riverbend is very tight compared to the demand for property here.
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 Wichita, the Riverbend neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
With a real estate vacancy rate of only 0.0%, the Riverbend 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 have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Riverbend neighborhood, is that an incredible 80.8% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.
American households most often have a car, and regularly they have two or three. But households in the Riverbend neighborhood buck this trend. 20.8% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.4% of U.S. neighborhoods.
There is an especially high percentage of incarcerated people (0.8%) living in the Riverbend neighborhood.
Significantly, 4.7% of its residents five years old and above primarily speak Vietnamese at home. While this may seem like a small percentage, it is higher than 98.1% of the neighborhoods in America.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Riverbend neighborhood in Wichita are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 77.6% of U.S. neighborhoods. With 26.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 77.6% 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 Riverbend neighborhood, 32.6% 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 32.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (21.0%), and 11.3% 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 Riverbend neighborhood is English, spoken by 90.4% of households. Other important languages spoken here include Vietnamese and Spanish.
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 Riverbend neighborhood in Wichita, KS, residents most commonly identify their ethnicity or ancestry as German (23.1%). There are also a number of people of English ancestry (12.0%), and residents who report Mexican roots (10.0%), and some of the residents are also of Irish ancestry (8.7%), along with some Asian ancestry residents (5.4%), among others.
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 Riverbend neighborhood spend between 15 and 30 minutes commuting one-way to work (54.8% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (75.8%) 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 (17.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.