Peach Acres median real estate price is $844,366, which is more expensive than 71.0% of the neighborhoods in Washington and 85.7% of the neighborhoods in the U.S.
The average rental price in Peach Acres is currently $2,463, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 50.8% of Washington neighborhoods.
Peach Acres is a suburban neighborhood (based on population density) located in University Place, Washington.
Peach Acres 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 Peach Acres neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Home and apartment vacancy rates are 6.2% in Peach Acres. NeighborhoodScout analysis shows that this rate is lower than 56.1% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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.
In the Peach Acres neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 22.6% of commuters carpool here, which is more than in 95.0% of all U.S. neighborhoods.
According to NeighborhoodScout's research, Peach Acres is better suited for first-time home buyers than 86.3% of neighborhoods in the state. Most homes here are priced below the state's median house value, yet maintain comparably good appreciation rates over the last decade relative to other neighborhoods in Washington. Along with an exclusive multi-metric measure of neighborhood quality developed by NeighborhoodScout that scores high here in this neighborhood, this means that buying into the neighborhood is not only an accessible option but considered a decent first time home buyer choice for building equity in your first home, while being in a quality neighborhood
Did you know that the Peach Acres neighborhood has more Iranian and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.5% of this neighborhood's residents have Iranian ancestry and 5.4% have Arab ancestry.
Peach Acres is also pretty special linguistically. Significantly, 5.4% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 99.0% of the neighborhoods in America.
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 Peach Acres neighborhood in University Place are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 66.9% of the neighborhoods in America. With 24.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 76.4% 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 Peach Acres neighborhood, 50.9% 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 19.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.2%), and 11.0% in manufacturing and laborer occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Peach Acres neighborhood is English, spoken by 74.3% of households. Other important languages spoken here include Spanish, Korean, Arabic and Tagalog (the first language of the Philippine region).
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 Peach Acres neighborhood in University Place, WA, residents most commonly identify their ethnicity or ancestry as Mexican (15.2%). There are also a number of people of Asian ancestry (13.5%), and residents who report Irish roots (8.8%), and some of the residents are also of German ancestry (7.9%), along with some English ancestry residents (7.3%), among others. In addition, 18.6% of the residents of this neighborhood were born in another country.
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 Peach Acres neighborhood spend between 15 and 30 minutes commuting one-way to work (40.7% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (59.5%) 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 (22.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.