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Real Estate Prices & Overview

Monroe Ave / Troyes Ln median real estate price is $780,292, which is more expensive than 41.9% of the neighborhoods in California and 84.3% of the neighborhoods in the U.S.

The average rental price in Monroe Ave / Troyes Ln is currently $3,537, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 63.4% of the neighborhoods in California.

Monroe Ave / Troyes Ln is an urban neighborhood (based on population density) located in Murrieta, California.

Monroe Ave / Troyes Ln real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Monroe Ave / Troyes Ln neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Real estate vacancies in Monroe Ave / Troyes Ln are 6.0%, which is lower than one will find in 60.1% of American neighborhoods. Demand for real estate in Monroe Ave / Troyes Ln 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

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 Murrieta, the Monroe Ave / Troyes Ln neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

With 2.1% of employed workers living in the Monroe Ave / Troyes Ln neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 96.6% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Diversity

Did you know that the Monroe Ave / Troyes Ln neighborhood has more French and Portuguese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.5% of this neighborhood's residents have French ancestry and 1.8% have Portuguese ancestry.

The Neighbors

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 Monroe Ave / Troyes Ln neighborhood in Murrieta are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 67.2% of the neighborhoods in America. With 11.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 51.6% 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 Monroe Ave / Troyes Ln neighborhood, 41.1% 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 25.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.5%), and 11.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Monroe Ave / Troyes Ln neighborhood is English, spoken by 76.5% of households. Some people also speak Spanish (17.2%).

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 Monroe Ave / Troyes Ln neighborhood in Murrieta, CA, residents most commonly identify their ethnicity or ancestry as Mexican (29.6%). There are also a number of people of Irish ancestry (11.3%), and residents who report German roots (9.8%), and some of the residents are also of French ancestry (7.5%), along with some South American ancestry residents (4.0%), among others. In addition, 13.2% 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 Monroe Ave / Troyes Ln neighborhood spend between 45 minutes and one hour commuting one-way to work (29.8% of working residents), longer and tougher than most commutes in America.

Here most residents (71.8%) 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 (13.7%) . 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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