Terrace Southwest median real estate price is $453,515, which is less expensive than 82.1% of California neighborhoods and 44.1% of all U.S. neighborhoods.
The average rental price in Terrace Southwest is currently $1,866, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 92.5% of California neighborhoods.
Terrace Southwest is an urban neighborhood (based on population density) located in San Bernardino, California.
Terrace Southwest real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Terrace Southwest neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Terrace Southwest, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Terrace Southwest 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 San Bernardino, the Terrace Southwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Terrace Southwest neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
In addition, most neighborhoods are composed of a mixture of ages of homes, but the Terrace Southwest stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 83.1% of the residential real estate here was built in this one time period.
Furthermore, the real estate in this neighborhood consists of more mobile homes than 96.0% of all neighborhoods in America, with 31.9% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Terrace Southwest neighborhood has a highly unusual pattern of car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 36.1% of the households here have four, five, or more cars. That is more cars per household than in 96.7% of the neighborhoods in the nation.
Did you know that the Terrace Southwest neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 76.8% of this neighborhood's residents have Mexican ancestry.
Terrace Southwest is also pretty special linguistically. Significantly, 69.4% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.4% of all U.S. neighborhoods.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. More residents of the Terrace Southwest neighborhood live here today that also were living in this same neighborhood five years ago than is found in 97.6% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.
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 Terrace Southwest neighborhood in San Bernardino are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 73.6% of the neighborhoods in America. With 13.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 58.4% 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 Terrace Southwest neighborhood, 32.0% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 30.8% of the residents employed. Other residents here are employed in executive, management, and professional occupations (21.0%), and 16.3% in clerical, assistant, and tech support occupations.
The most common language spoken in the Terrace Southwest neighborhood is Spanish, spoken by 69.4% of households. Some people also speak English (27.0%).
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 Terrace Southwest neighborhood in San Bernardino, CA, residents most commonly identify their ethnicity or ancestry as Mexican (76.8%). There are also a number of people of Asian ancestry (4.2%), and residents who report Italian roots (1.5%). In addition, 30.2% 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 Terrace Southwest neighborhood spend under 15 minutes commuting one-way to work (32.7% of working residents), one of the shortest commutes across America.
Here most residents (70.1%) 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 (22.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.