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Real Estate Prices & Overview

Grand View Terrace / Martin median real estate price is $252,757, which is more expensive than 18.9% of the neighborhoods in Nevada and 30.6% of the neighborhoods in the U.S.

The average rental price in Grand View Terrace / Martin is currently $2,157, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 54.7% of Nevada neighborhoods.

Grand View Terrace / Martin is a rural neighborhood (based on population density) located in Reno, Nevada.

Grand View Terrace / Martin real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) mobile homes and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Grand View Terrace / Martin neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Grand View Terrace / Martin are 5.0%, which is lower than one will find in 66.9% of American neighborhoods. Demand for real estate in Grand View Terrace / Martin 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.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

Divorcees may find friendship and understanding in this neighborhood, as 28.0% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 99.6% of the neighborhoods in America.

Real Estate

The Grand View Terrace / Martin neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 52.2% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.2% of the neighborhoods in the U.S. If you like mobile homes, this might be a great neighborhood in which to look for real estate.

Occupations

More people work in manufacturing and as laborers here in the Grand View Terrace / Martin neighborhood than in 98.0% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Diversity

Significantly, 1.3% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 96.1% of the neighborhoods in America.

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 Grand View Terrace / Martin neighborhood in Reno are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 45.9% of the neighborhoods in America. With 19.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 67.9% 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 Grand View Terrace / Martin neighborhood, 46.8% of the working population is employed in manufacturing and laborer 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 30.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (19.2%), and 4.0% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Grand View Terrace / Martin neighborhood is English, spoken by 59.3% of households. Some people also speak Spanish (39.3%).

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 Grand View Terrace / Martin neighborhood in Reno, NV, residents most commonly identify their ethnicity or ancestry as Mexican (37.3%). There are also a number of people of Irish ancestry (10.1%), and residents who report English roots (7.6%), and some of the residents are also of Polish ancestry (4.7%), along with some German ancestry residents (3.3%), among others. In addition, 18.8% of the residents of this neighborhood were born in another country.

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 Grand View Terrace / Martin neighborhood spend under 15 minutes commuting one-way to work (56.2% of working residents), one of the shortest commutes across America.

Here most residents (72.8%) 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 (20.4%) . 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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