Bamber Ridge Park median real estate price is $434,034, which is more expensive than 55.2% of the neighborhoods in Minnesota and 52.8% of the neighborhoods in the U.S.
The average rental price in Bamber Ridge Park is currently $2,541, based on Ä¢¹½ÊÓÆµ's exclusive analysis. The average rental cost in this neighborhood is higher than 88.0% of the neighborhoods in Minnesota.
Bamber Ridge Park is a suburban neighborhood (based on population density) located in Rochester, Minnesota.
Bamber Ridge Park real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Bamber Ridge Park 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.
In Bamber Ridge Park, the current vacancy rate is 2.4%, which is a lower rate of vacancies than 83.0% of all neighborhoods in the U.S. This means that the housing supply in Bamber Ridge Park is very tight compared to the demand for property here.
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 Rochester, the Bamber Ridge Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The Bamber Ridge Park neighborhood is considered a solid choice for executive lifestyles. Ä¢¹½ÊÓÆµ's analysis ranks it as better than 90.5% of Minnesota neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for urban sophisticates.
Did you know that the Bamber Ridge Park neighborhood has more Norwegian and German ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 9.8% of this neighborhood's residents have Norwegian ancestry and 38.4% have German ancestry.
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. Ä¢¹½ÊÓÆµ's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Bamber Ridge Park neighborhood in Rochester are upper-middle income, making it an above average income neighborhood. Ä¢¹½ÊÓÆµ's exclusive analysis reveals that this neighborhood has a higher income than 78.0% of the neighborhoods in America. In addition, 5.6% 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 62.0% of America'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 Bamber Ridge Park neighborhood, 64.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 16.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (11.7%), and 8.0% in clerical, assistant, and tech support 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 Bamber Ridge Park neighborhood is English, spoken by 87.1% of households. Other important languages spoken here include Langs. of India and Spanish.
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Bamber Ridge Park neighborhood in Rochester, MN, residents most commonly identify their ethnicity or ancestry as German (38.4%). There are also a number of people of Norwegian ancestry (9.8%), and residents who report Spanish roots (8.6%), and some of the residents are also of Asian ancestry (7.9%), along with some English ancestry residents (6.9%), among others. In addition, 10.4% 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 Bamber Ridge Park neighborhood spend under 15 minutes commuting one-way to work (47.1% of working residents), one of the shortest commutes across America.
Here most residents (76.0%) 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 (9.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.