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Real Estate Prices & Overview

Grand View Terrace / Martin median real estate price is $270,596, which is more expensive than 27.5% of the neighborhoods in Nevada and 33.2% of the neighborhoods in the U.S.

The average rental price in Grand View Terrace / Martin is currently $2,740, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 71.2% of the neighborhoods in Nevada.

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.

Home and apartment vacancy rates are 6.8% in Grand View Terrace / Martin. NeighborhoodScout analysis shows that this rate is lower than 52.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

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 Reno, the Grand View Terrace / Martin neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

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, 50.4% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.1% 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.

Modes of Transportation

In the Grand View Terrace / Martin neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 30.3% of commuters carpool here, which is more than in 98.8% of all U.S. neighborhoods.

Occupations

More people work in manufacturing and as laborers here in the Grand View Terrace / Martin neighborhood than in 96.9% 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 lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 66.8% of U.S. neighborhoods. With 15.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 63.2% 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 Grand View Terrace / Martin neighborhood, 43.9% 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 34.2% of the residents employed. Other residents here are employed in executive, management, and professional occupations (16.6%), and 5.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Grand View Terrace / Martin neighborhood is Spanish, spoken by 54.4% of households. Some people also speak English (43.5%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Grand View Terrace / Martin neighborhood in Reno, NV, residents most commonly identify their ethnicity or ancestry as Mexican (47.4%). There are also a number of people of German ancestry (6.4%), and residents who report English roots (3.7%), and some of the residents are also of Italian ancestry (2.8%), along with some Asian ancestry residents (1.4%), among others. In addition, 28.0% 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 Grand View Terrace / Martin neighborhood spend under 15 minutes commuting one-way to work (47.8% of working residents), one of the shortest commutes across America.

Here most residents (51.4%) 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 (30.3%) and 9.2% 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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