Monterey Park Tract median real estate price is $511,386, which is less expensive than 81.4% of California neighborhoods and 33.5% of all U.S. neighborhoods.
The average rental price in Monterey Park Tract is currently $2,196, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 85.5% of California neighborhoods.
Monterey Park Tract is a remote neighborhood (based on population density) located in Modesto, California.
Monterey Park Tract 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 occupied by a mixture of owners and renters. Many of the residences in the Monterey Park Tract neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Monterey Park Tract has a 11.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 68.0% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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 Modesto, the Monterey Park Tract neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the Monterey Park Tract neighborhood truly stands out among U.S. neighborhoods. According to exclusive NeighborhoodScout analysis, this neighborhood has a greater proportion of farmers, foresters, or fishers than 99.9% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.
In the Monterey Park Tract neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 14.0% of residents here. This is a higher proportion of walking commuters than we found in 96.9% of American neighborhoods. Get ready to put on your walking shoes if you move here!
If you're planning where to retire, the Monterey Park Tract neighborhood in Modesto is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in CA, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 85.2% of the neighborhoods in California. If you are considering retiring to California, this is a good neighborhood to look at.
Did you know that the Monterey Park Tract neighborhood has more Portuguese and Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.4% of this neighborhood's residents have Portuguese ancestry and 62.3% have Mexican ancestry.
Monterey Park Tract is also pretty special linguistically. Significantly, 4.3% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 98.6% of the neighborhoods in America.
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 Monterey Park Tract neighborhood in Modesto are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 72.7% of U.S. neighborhoods. With 19.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 69.8% 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 Monterey Park Tract neighborhood, 28.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is farming, forestry, or commercial fishing, with 26.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (22.4%), and 14.6% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
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 Monterey Park Tract neighborhood is Spanish, spoken by 61.1% of households. Other important languages spoken here include English and Korean.
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 Monterey Park Tract neighborhood in Modesto, CA, residents most commonly identify their ethnicity or ancestry as Mexican (62.3%). There are also a number of people of Portuguese ancestry (5.4%), and residents who report English roots (5.3%), and some of the residents are also of German ancestry (5.1%), along with some Asian ancestry residents (5.0%), among others. In addition, 35.8% 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 Monterey Park Tract neighborhood spend between 30 and 45 minutes commuting one-way to work (31.7% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (50.6%) 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 (20.0%) and 14.0% 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.