University Village / Schilletter Village median real estate price is $334,923, which is more expensive than 80.2% of the neighborhoods in Iowa and 43.9% of the neighborhoods in the U.S.
The average rental price in University Village / Schilletter Village is currently $1,057, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 77.2% of Iowa neighborhoods.
University Village / Schilletter Village is an urban neighborhood (based on population density) located in Ames, Iowa.
University Village / Schilletter Village real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the University Village / Schilletter Village neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Real estate vacancies in University Village / Schilletter Village are 4.9%, which is lower than one will find in 64.7% of American neighborhoods. Demand for real estate in University Village / Schilletter Village 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.
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.
One of the really interesting characteristics about the University Village / Schilletter Village neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 0.1% of college-friendly places to live in the state of Iowa.
In addition, neighborhoodScout's analysis shows that the University Village / Schilletter Village neighborhood has a greater concentration of residents currently enrolled in college than 99.7% of the neighborhoods in the U.S. With 81.0% of the population here attending college, this is very much a college-focused neighborhood.
Also, one of the unique characteristics of the University Village / Schilletter Village neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 99.2% of the neighborhoods in America. Also of note, 66.0% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.
99.6% of the real estate in the University Village / Schilletter Village neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
In addition, the University Village / Schilletter Village neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 94.7% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Furthermore, three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The University Village / Schilletter Village neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 48.8% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 98.4% of America's neighborhoods.
In the University Village / Schilletter Village 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 26.4% of residents here. This is a higher proportion of walking commuters than we found in 98.9% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Also, more people ride the bus in this neighborhood each day to get to work than 97.2% of U.S. neighborhoods.
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the University Village / Schilletter Village neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 96.4% of all American neighborhoods.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the University Village / Schilletter Village neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 61.0% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 96.4% of U.S. neighborhoods. Less time commuting means more time for other things in life.
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the University Village / Schilletter Village neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.7% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Significantly, 1.2% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 98.2% 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 University Village / Schilletter Village neighborhood in Ames are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.2% of U.S. neighborhoods. With 66.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.0% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the University Village / Schilletter Village neighborhood, 38.7% 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 executive, management, and professional occupations, with 38.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (11.2%), and 11.0% in manufacturing and laborer occupations.
Languages
The most common language spoken in the University Village / Schilletter Village neighborhood is English, spoken by 81.6% of households. Some people also speak Spanish (2.3%).
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 University Village / Schilletter Village neighborhood in Ames, IA, residents most commonly identify their ethnicity or ancestry as German (16.6%). There are also a number of people of Asian ancestry (11.4%), and residents who report Irish roots (8.1%), and some of the residents are also of Sub-Saharan African ancestry (2.9%), along with some English ancestry residents (2.7%), among others. In addition, 18.5% 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 University Village / Schilletter Village neighborhood spend under 15 minutes commuting one-way to work (61.0% of working residents), one of the shortest commutes across America.
Here most residents (44.6%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (26.4%) and 13.7% of residents also ride the bus 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.
