Chanhassen Northwest median real estate price is $739,028, which is more expensive than 91.5% of the neighborhoods in Minnesota and 78.3% of the neighborhoods in the U.S.
The average rental price in Chanhassen Northwest is currently $2,927, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 95.6% of the neighborhoods in Minnesota.
Chanhassen Northwest is a suburban neighborhood (based on population density) located in Chanhassen, Minnesota.
Chanhassen Northwest real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Chanhassen Northwest neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In Chanhassen Northwest, 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 Chanhassen Northwest is very tight compared to the demand for property here.
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.
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 Chanhassen Northwest 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, many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Chanhassen Northwest neighborhood could be your paradise. With 36.5% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 2.3% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
If you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 0.8% of America's neighborhoods are wealthier than the Chanhassen Northwest neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe. As one would expect in a considerably wealthy neighborhood such as this, Chanhassen Northwest also has one of the lowest ratings of child poverty in the nation.
In addition, the rate of college educated adults in the Chanhassen Northwest neighborhood is a unique characteristic of the neighborhood. 80.6% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 34.3% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 98.0% of all U.S. neighborhoods.
Also, a majority of the adults in the Chanhassen Northwest neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for Minnesota by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 96.8% of the neighborhoods in Minnesota. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for urban sophisticates.
Did you know that the Chanhassen Northwest neighborhood has more Swedish and Norwegian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 17.2% of this neighborhood's residents have Swedish ancestry and 21.9% have Norwegian ancestry.
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 Chanhassen Northwest neighborhood in Chanhassen are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 99.2% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Chanhassen Northwest neighborhood, 59.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 23.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.9%), and 6.5% in manufacturing and laborer occupations.
The most common language spoken in the Chanhassen Northwest neighborhood is English, spoken by 93.6% of households.
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 Chanhassen Northwest neighborhood in Chanhassen, MN, residents most commonly identify their ethnicity or ancestry as German (24.2%). There are also a number of people of Norwegian ancestry (21.9%), and residents who report Swedish roots (17.2%), and some of the residents are also of Irish ancestry (15.2%), along with some English ancestry residents (6.5%), among others.
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 Chanhassen Northwest neighborhood spend between 15 and 30 minutes commuting one-way to work (46.0% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (72.7%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (5.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.