Magnolia Estates median real estate price is $546,018, which is more expensive than 56.1% of the neighborhoods in Oregon and 70.5% of the neighborhoods in the U.S.
The average rental price in Magnolia Estates is currently $2,220, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 61.2% of the neighborhoods in Oregon.
Magnolia Estates is a suburban neighborhood (based on population density) located in Hillsboro, Oregon.
Magnolia Estates real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Magnolia Estates neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
In Magnolia Estates, the current vacancy rate is 2.7%, which is a lower rate of vacancies than 81.9% of all neighborhoods in the U.S. This means that the housing supply in Magnolia Estates 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 Hillsboro, the Magnolia Estates neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Magnolia Estates has the amazing distinction of housing more same sex couples living together than 97.4% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.
More people ride the bus in this neighborhood each day to get to work than 96.2% of U.S. neighborhoods.
Did you know that the Magnolia Estates neighborhood has more Finnish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.3% of this neighborhood's residents have Finnish ancestry.
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 Magnolia Estates neighborhood in Hillsboro are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 73.3% of the neighborhoods in America. In addition, 6.3% 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 60.7% of America's neighborhoods.
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 Magnolia Estates neighborhood, 32.3% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 31.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (25.9%), and 10.5% in clerical, assistant, and tech support occupations.
The most common language spoken in the Magnolia Estates neighborhood is English, spoken by 58.4% of households. Some people also speak Spanish (38.6%).
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 the Magnolia Estates neighborhood in Hillsboro, OR, residents most commonly identify their ethnicity or ancestry as Mexican (34.8%). There are also a number of people of German ancestry (16.7%), and residents who report English roots (11.1%), and some of the residents are also of Irish ancestry (7.9%), along with some Norwegian ancestry residents (4.6%), among others. In addition, 26.0% 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 Magnolia Estates neighborhood spend between 15 and 30 minutes commuting one-way to work (37.3% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (71.4%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (12.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.