This is a small community in a single neighborhood.
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What do we mean by a neighborhood?
NeighborhoodScout® uses the official government designation for neighborhoods - the census tract.
Census tracts are small, relatively permanent subdivisions of a county that are defined by the U.S. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics (including economic status, lifestyle, and living conditions). Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us. Because census tracts are based on population, they vary in size depending on the density of settlement. In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas.
Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town. Then we named each census tract to the local colloquially recognized neighborhood name for that spot (e.g., Boston, MA (Dorchester). If there was not a name available, we named the census tract by the largest street intersection in the census tract (e.g., Worcester, MA (Lincoln St/Plantation St)
Why we don't use Zip Codes as neighborhoods
Zip codes were developed by the Postal Service for the purpose of delivering mail, but were never intended to define coherent neighborhoods. In addition, Zip Codes can have as many as 10 distinctly different census tracts contained within them. When distinct census tracts are blended together in a single Zip Code, the data reflects their average conditions and often gives a false sense of the area. The result is that potentially great matching neighborhoods can be missed, and erroneous matches can also be produced and delivered to you.
Using census tracts makes great matches possible, and helps people find the areas that are best for them and their families. Because we are committed to providing the highest possible quality and finding the neighborhoods that best meet your criteria, we use census tracts. And, as always, we show you the actual street map of the neighborhood so you know exactly where your best matching neighborhood is located.
What is a Condition Alert?
A condition alert is a condition in the neighborhood that triggers an alert. NeighborhoodScout contains condition alerts to highlight conditions that are extreme, whether good or bad. This helps answer crucial questions about the state of the neighborhood being evaluated, such as:
What are the risks of violent crime here?
Is the risk of home break-ins or other property crimes increasing?
Does real estate here hold its value?
Are the trends in local vacancies or unemployment concerning?
...and dozens more.
Information at a glance that you need to know to invest, appraise or finance a property.
Goldfield - Woolstock is a very small town located in the state of Iowa. With a population of 1,422 people and just one neighborhood, Goldfield - Woolstock is the 316th largest community in Iowa. Much of the housing stock in Goldfield - Woolstock was built prior to World War II, making it one of the older and more historic towns in the country.
Occupations and Workforce
Because occupations involving physical labor dominate the local economy, Goldfield - Woolstock is generally considered to be a blue-collar town. 37.04% of the Goldfield - Woolstock workforce is employed in blue-collar occupations, compared to the national average of 27.7%. Overall, Goldfield - Woolstock is a town of managers, professionals, and sales and office workers. There are especially a lot of people living in Goldfield - Woolstock who work in management occupations (17.93%), office and administrative support (10.96%), and sales jobs (5.78%).
Of important note, Goldfield - Woolstock is also a town of artists. Goldfield - Woolstock has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Goldfield - Woolstock’s character.
Setting & Lifestyle
Because of many things, Goldfield - Woolstock is a great place for families with children to consider. First of all, many other families with children live here, making Goldfield - Woolstock a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Goldfield - Woolstock has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Goldfield - Woolstock’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
Demographics
In terms of college education, Goldfield - Woolstock is nearly on par with the US average for all cities of 21.84%: 19.71% of adults 25 and older in Goldfield - Woolstock have a bachelor's degree or advanced degree.
The per capita income in Goldfield - Woolstock in 2022 was $42,178, which is wealthy relative to Iowa, and upper middle income relative to the rest of the US. This equates to an annual income of $168,712 for a family of four. However, Goldfield - Woolstock contains both very wealthy and poor people as well.
The people who call Goldfield - Woolstock home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Goldfield - Woolstock residents report their race to be White, followed by Native American. Important ancestries of people in Goldfield - Woolstock include German, Norwegian, Irish, English, and Scottish.
The most common language spoken in Goldfield - Woolstock is English. Other important languages spoken here include Spanish and Langs. of India.
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 Goldfield - Woolstock, the neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real Estate
Unpopulated, and rural, the neighborhood is one of the least crowded neighborhoods in all of America. If you like open space, no traffic, and lots of room, this neighborhood may be just what you are looking for. According to NeighborhoodScout's leading research, this neighborhood is less densely populated than 97.2% of the neighborhoods in America. One of the notable things about is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.
People
Priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the neighborhood may actually hold the key. 68.9% of its residents are married, which is a higher percentage than is found in 95.2% of the neighborhoods in America.
In addition, if you're planning where to retire, the neighborhood in Goldfield - Woolstock 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 IA, 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 86.3% of the neighborhoods in Iowa. If you are considering retiring to Iowa, this is a good neighborhood to look at.
Diversity
Did you know that the neighborhood has more Norwegian and Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 14.0% of this neighborhood's residents have Norwegian ancestry and 7.3% have Scottish ancestry.
The Neighbors
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 neighborhood in Goldfield - Woolstock are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 44.1% of the neighborhoods in America. In addition, 1.6% 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 76.5% of America'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 neighborhood, 38.1% 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 36.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (12.9%), and 12.0% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the neighborhood is English, spoken by 96.7% of households. Some people also speak Spanish (3.3%).
Ethnicity / Ancestry
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 neighborhood in Goldfield - Woolstock, IA, residents most commonly identify their ethnicity or ancestry as German (25.9%). There are also a number of people of Norwegian ancestry (14.0%), and residents who report Irish roots (9.8%), and some of the residents are also of English ancestry (9.5%), along with some Scottish ancestry residents (7.3%), among others.
Getting to Work
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 neighborhood spend under 15 minutes commuting one-way to work (47.5% of working residents), one of the shortest commutes across America.
Here most residents (84.0%) 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 (6.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
SCOUT’s patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.
