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Real Estate Prices & Overview

Roosevelt median real estate price is $204,404, which is less expensive than 70.8% of North Dakota neighborhoods and 79.7% of all U.S. neighborhoods.

The average rental price in Roosevelt is currently $1,070, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 74.8% of North Dakota neighborhoods.

Roosevelt is an urban neighborhood (based on population density) located in Fargo, North Dakota.

Roosevelt real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Roosevelt neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 5.9% in Roosevelt. NeighborhoodScout analysis shows that this rate is lower than 58.0% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

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.

People

An extraordinary 44.6% of the residents of the Roosevelt 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, one of the unique characteristics of the Roosevelt neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 97.6% of the neighborhoods in America. Also of note, 54.9% 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.

Also, with a nice mix of college students, safety from crime, and decent walkability, the Roosevelt neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 89.9% of the neighborhoods in ND. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Roosevelt neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 63.9% 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 97.2% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Real Estate

Renter-occupied real estate is dominant in the Roosevelt neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 89.2%, which is higher than 96.6% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

In addition, one of the really unique and interesting things about the look and setting of the Roosevelt neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 69.9% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 95.0% of all neighborhoods in America.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Roosevelt neighborhood. In the Roosevelt neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.5% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

Diversity

Did you know that the Roosevelt neighborhood has more Norwegian and Swedish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 16.3% of this neighborhood's residents have Norwegian ancestry and 6.6% have Swedish ancestry.

The Neighbors

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 Roosevelt neighborhood in Fargo are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.6% of U.S. neighborhoods. With 54.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 95.7% of U.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 Roosevelt neighborhood, 34.2% 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 30.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (20.6%), and 13.6% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Roosevelt neighborhood is English, spoken by 87.9% of households. Some people also speak Polish (3.1%).

Ethnicity / Ancestry

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 Roosevelt neighborhood in Fargo, ND, residents most commonly identify their ethnicity or ancestry as German (30.9%). There are also a number of people of Norwegian ancestry (16.3%), and residents who report Irish roots (9.3%), and some of the residents are also of Asian ancestry (7.2%), along with some Swedish ancestry residents (6.6%), among others. In addition, 13.1% of the residents of this neighborhood were born in another country.

Getting to Work

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 Roosevelt neighborhood spend under 15 minutes commuting one-way to work (63.9% of working residents), one of the shortest commutes across America.

Here most residents (74.7%) 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 (10.6%) and 8.2% 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.

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