Peninsula Area median real estate price is $430,748, which is more expensive than 91.1% of the neighborhoods in Iowa and 57.0% of the neighborhoods in the U.S.
The average rental price in Peninsula Area is currently $1,958, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 96.2% of the neighborhoods in Iowa.
Peninsula Area is a rural neighborhood (based on population density) located in Iowa City, Iowa.
Peninsula Area 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 Peninsula Area neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Peninsula Area are 5.1%, which is lower than one will find in 63.1% of American neighborhoods. Demand for real estate in Peninsula Area 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.
An extraordinary 20.2% of the residents of the Peninsula Area neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.
In addition, if you're nearing retirement age, or in retirement, the Peninsula Area is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 6.7% of retiree-friendly neighborhoods in Iowa, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Iowa. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for highly educated executives and college students.
Would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Peninsula Area neighborhood is a fantastic option for bicycle commuters, as 3.2% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 96.2% of the neighborhoods in America.
Did you know that the Peninsula Area neighborhood has more Norwegian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.5% of this neighborhood's residents have Norwegian ancestry.
Peninsula Area is also pretty special linguistically. Significantly, 4.3% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 97.9% of the neighborhoods in America.
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 Peninsula Area neighborhood in Iowa City are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 67.9% of the neighborhoods in America. With 23.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 74.9% 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 Peninsula Area neighborhood, 62.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 13.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (13.6%), and 10.0% in manufacturing and laborer 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 Peninsula Area neighborhood is English, spoken by 87.8% of households. Other important languages spoken here include Arabic and Chinese.
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 Peninsula Area neighborhood in Iowa City, IA, residents most commonly identify their ethnicity or ancestry as German (20.6%). There are also a number of people of Irish ancestry (17.6%), and residents who report English roots (12.7%), and some of the residents are also of Norwegian ancestry (5.5%), along with some Asian ancestry residents (5.3%), among others. In addition, 11.7% 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 Peninsula Area neighborhood spend under 15 minutes commuting one-way to work (48.6% of working residents), one of the shortest commutes across America.
Here most residents (55.0%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (8.0%) and 6.9% of residents also hop out the door and walk to work 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.