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Real Estate Prices & Overview

Tice Park median real estate price is $444,057, which is less expensive than 63.4% of Oregon neighborhoods and 41.2% of all U.S. neighborhoods.

The average rental price in Tice Park is currently $1,936, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 51.8% of Oregon neighborhoods.

Tice Park is a suburban neighborhood (based on population density) located in McMinnville, Oregon.

Tice Park 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 Tice Park neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In Tice Park, the current vacancy rate is 0.9%, which is a lower rate of vacancies than 91.7% of all neighborhoods in the U.S. This means that the housing supply in Tice Park is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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 McMinnville, the Tice Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Diversity

Did you know that the Tice Park neighborhood has more Eastern European and Finnish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.3% of this neighborhood's residents have Eastern European ancestry and 1.4% have Finnish ancestry.

The Neighbors

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 Tice Park neighborhood in McMinnville are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 63.1% of U.S. neighborhoods. With 37.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 87.2% 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 Tice Park neighborhood, 50.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 19.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (17.1%), and 12.2% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Tice Park neighborhood is English, spoken by 94.8% of households. Some people also speak Italian (4.3%).

Ethnicity / Ancestry

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 Tice Park neighborhood in McMinnville, OR, residents most commonly identify their ethnicity or ancestry as German (23.0%). There are also a number of people of Irish ancestry (17.2%), and residents who report English roots (15.0%), and some of the residents are also of Mexican ancestry (5.4%), along with some Italian ancestry residents (3.4%), among others.

Getting to Work

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 Tice Park neighborhood spend under 15 minutes commuting one-way to work (53.2% of working residents), one of the shortest commutes across America.

Here most residents (69.8%) 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 (12.4%) and 7.4% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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