Towngate median real estate price is $576,538, which is less expensive than 76.1% of California neighborhoods and 27.8% of all U.S. neighborhoods.
The average rental price in Towngate is currently $3,845, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 70.6% of the neighborhoods in California.
Towngate is a densely urban neighborhood (based on population density) located in Moreno Valley, California.
Towngate real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Towngate neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In Towngate, the current vacancy rate is 2.4%, which is a lower rate of vacancies than 82.5% of all neighborhoods in the U.S. This means that the housing supply in Towngate 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 Moreno Valley, the Towngate neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
If you like the look and ambience of new homes and newly built neighborhoods, you will love the Towngate neighborhood. A whopping 75.0% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 96.1% of the neighborhoods in the U.S. Everything here just feels new.
Single parenting is hard. But you don't have to tell the Towngate neighborhood about it; they already know. 18.2% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 95.8% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.
In addition, towngate is ranked among the top 8.9% of neighborhoods for first-time home buyers to consider in the state of California according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the Towngate neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers.
Did you know that the Towngate neighborhood has more Arab and Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.9% of this neighborhood's residents have Arab ancestry and 1.8% have Ukrainian ancestry.
Towngate is also pretty special linguistically. Significantly, 3.1% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 99.5% of the neighborhoods in America.
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 Towngate neighborhood in Moreno Valley are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 79.0% of the neighborhoods in America. In addition, 8.6% 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 53.0% 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 Towngate neighborhood, 36.0% 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 28.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.9%), and 12.5% in clerical, assistant, and tech support occupations.
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 Towngate neighborhood is English, spoken by 54.9% of households. Other important languages spoken here include Spanish, Arabic, Urdu (the national language of Pakistan) and Tagalog (the first language of the Philippine region).
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 Towngate neighborhood in Moreno Valley, CA, residents most commonly identify their ethnicity or ancestry as Mexican (38.5%). There are also a number of people of Asian ancestry (15.6%), and residents who report Arab roots (4.9%), and some of the residents are also of German ancestry (4.2%), along with some English ancestry residents (2.2%), among others. In addition, 22.8% of the residents of this neighborhood were born in another country.
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 Towngate neighborhood spend between 15 and 30 minutes commuting one-way to work (30.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (72.2%) 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 (20.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.