Wanship / East Basin median real estate price is $1,957,449, which is more expensive than 93.4% of the neighborhoods in Utah and 92.7% of the neighborhoods in the U.S.
The average rental price in Wanship / East Basin is currently $3,842, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 94.1% of the neighborhoods in Utah.
Wanship / East Basin is a remote neighborhood (based on population density) located in Park City, Utah.
Wanship / East Basin real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Wanship / East Basin neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Wanship / East Basin. The current real estate vacancy rate here is 47.2%. This is higher than the rate of vacancies in 98.4% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (42.1%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.
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.
People
In a nation where 1 out of every 4 children lives in poverty, the Wanship / East Basin neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, a majority of the adults in the Wanship / East Basin neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for Utah by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 98.5% of the neighborhoods in Utah. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for active retirees and families with school-aged children.
Also, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Wanship / East Basin neighborhood may actually hold the key. 71.6% of its residents are married, which is a higher percentage than is found in 97.5% of the neighborhoods in America.
Finally, if knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Wanship / East Basin neighborhood, where 36.8% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 95.8% of the neighborhoods in America.
Real Estate
Despite all of the residential real estate here in the Wanship / East Basin neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 47.2%, which is higher than 98.4% of all U.S. neighborhoods.
In addition, homes built from 2000 through today make up a higher proportion of the Wanship / East Basin neighborhood's real estate landscape than 95.4% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 67.7% of the residential real estate here is classified as newer.
Furthermore, uncrowded roads, rural America and space to be the individual you are. If you like these characteristics, this neighborhood may fit you. With just 31 residents per square mile, Wanship / East Basin is less crowded than 92.6% of all U.S. neighborhoods.
Modes of Transportation
In the Wanship / East Basin neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 33.4% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 98.3% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Diversity
Did you know that the Wanship / East Basin neighborhood has more Scottish and Swiss ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 9.6% of this neighborhood's residents have Scottish ancestry and 3.5% have Swiss ancestry.
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 Wanship / East Basin neighborhood in Park City are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 88.9% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America'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 Wanship / East Basin neighborhood, 52.4% 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 37.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (6.3%), and 4.0% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the Wanship / East Basin neighborhood is English, spoken by 89.4% of households. Some people also speak Spanish (5.8%).
Ethnicity / Ancestry
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 Wanship / East Basin neighborhood in Park City, UT, residents most commonly identify their ethnicity or ancestry as German (16.7%). There are also a number of people of English ancestry (13.0%), and residents who report Irish roots (10.2%), and some of the residents are also of Scottish ancestry (9.6%), along with some Mexican ancestry residents (5.6%), 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 Wanship / East Basin neighborhood spend between 15 and 30 minutes commuting one-way to work (48.9% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (58.7%) 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 (7.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
