University median real estate price is $1,104,353, which is more expensive than 96.2% of the neighborhoods in Montana and 92.0% of the neighborhoods in the U.S.
The average rental price in University is currently $2,870, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.9% of the neighborhoods in Montana.
University is a rural neighborhood (based on population density) located in Bozeman, Montana.
University 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 University neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.
Real estate vacancies in University are 4.8%, which is lower than one will find in 65.2% of American neighborhoods. Demand for real estate in University 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.
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 Bozeman, the University neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
In a nation where 1 out of every 4 children lives in poverty, the University neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, an extraordinary 34.4% of the residents of the University 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.
If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 6.4% of residents in the University neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 98.9% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Also, in the University 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 10.7% of residents here. This is a higher proportion of walking commuters than we found in 95.3% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Homes built from 2000 through today make up a higher proportion of the University neighborhood's real estate landscape than 95.0% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 69.5% of the residential real estate here is classified as newer.
Did you know that the University neighborhood has more Yugoslav ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.3% of this neighborhood's residents have Yugoslav 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 University neighborhood in Bozeman are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 73.6% of U.S. neighborhoods. 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.
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 University neighborhood, 45.2% 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 31.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.3%), and 5.8% in clerical, assistant, and tech support occupations.
The most common language spoken in the University neighborhood is English, spoken by 96.0% of households. Some people also speak Spanish (2.3%).
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the University neighborhood in Bozeman, MT, residents most commonly identify their ethnicity or ancestry as German (15.4%). There are also a number of people of English ancestry (14.9%), and residents who report Irish roots (11.4%), and some of the residents are also of Mexican ancestry (4.8%), along with some Asian ancestry residents (3.2%), among others.
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 neighborhood spend under 15 minutes commuting one-way to work (51.2% of working residents), one of the shortest commutes across America.
Here most residents (63.6%) 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 (10.7%) and 6.4% of residents also bicycle 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.