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Real Estate Prices & Overview

University Ave / Vanderbilt Dr median real estate price is $420,732, which is less expensive than 88.4% of California neighborhoods and 42.6% of all U.S. neighborhoods.

The average rental price in University Ave / Vanderbilt Dr is currently $2,244, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 81.6% of California neighborhoods.

University Ave / Vanderbilt Dr is an urban neighborhood (based on population density) located in Bakersfield, California.

University Ave / Vanderbilt Dr real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the University Ave / Vanderbilt Dr neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in University Ave / Vanderbilt Dr are 3.7%, which is lower than one will find in 75.7% of American neighborhoods. Demand for real estate in University Ave / Vanderbilt Dr is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Diversity

Did you know that the University Ave / Vanderbilt Dr neighborhood has more Croatian and Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.1% of this neighborhood's residents have Croatian ancestry and 63.3% have Mexican 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 University Ave / Vanderbilt Dr neighborhood in Bakersfield are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 61.3% of U.S. neighborhoods. With 28.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 79.5% 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 University Ave / Vanderbilt Dr neighborhood, 30.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 28.3% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (24.7%), and 12.6% in clerical, assistant, and tech support occupations.

Languages

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 University Ave / Vanderbilt Dr neighborhood is English, spoken by 65.6% of households. Other important languages spoken here include Spanish and Italian.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the University Ave / Vanderbilt Dr neighborhood in Bakersfield, CA, residents most commonly identify their ethnicity or ancestry as Mexican (63.3%). There are also a number of people of German ancestry (5.3%), and residents who report Irish roots (5.2%), and some of the residents are also of Puerto Rican ancestry (3.4%), along with some Scots-Irish ancestry residents (2.6%), among others. In addition, 12.5% of the residents of this neighborhood were born in another country.

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 University Ave / Vanderbilt Dr neighborhood spend between 15 and 30 minutes commuting one-way to work (33.9% 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 (12.8%) . 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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