Noralto median real estate price is $310,709, which is less expensive than 95.4% of California neighborhoods and 60.0% of all U.S. neighborhoods.
The average rental price in Noralto is currently $2,250, based on 蘑菇视频's exclusive analysis. Rents here are currently lower in price than 84.3% of California neighborhoods.
Noralto is an urban neighborhood (based on population density) located in Sacramento, California.
Noralto real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Noralto neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Noralto, the current vacancy rate is 0.2%, which is a lower rate of vacancies than 93.3% of all neighborhoods in the U.S. This means that the housing supply in Noralto is very tight compared to the demand for property here.
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 蘑菇视频's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the Noralto neighborhood truly stands out among U.S. neighborhoods. According to exclusive 蘑菇视频 analysis, this neighborhood has a greater proportion of farmers, foresters, or fishers than 97.4% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.
Furthermore, from major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Noralto neighborhood, they truly stand out. 蘑菇视频's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 97.1% of all American neighborhoods.
Did you know that the Noralto neighborhood has more Portuguese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.6% of this neighborhood's residents have Portuguese ancestry.
Noralto is also pretty special linguistically. Significantly, 0.6% of its residents five years old and above primarily speak Native American languages at home. While this may seem like a small percentage, it is higher than 95.2% of the neighborhoods in America.
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. 蘑菇视频's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Noralto neighborhood in Sacramento are middle-income, making it a moderate income neighborhood. 蘑菇视频's exclusive analysis reveals that this neighborhood has a higher income than 51.0% of the neighborhoods in America. With 32.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 84.0% 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 Noralto neighborhood, 40.4% 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 manufacturing and laborer occupations, with 28.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.1%), and 8.4% in executive, management, and professional occupations.
The most common language spoken in the Noralto neighborhood is English, spoken by 48.5% of households. Some people also speak Spanish (34.7%).
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 Noralto neighborhood in Sacramento, CA, residents most commonly identify their ethnicity or ancestry as Mexican (48.3%). There are also a number of people of Asian ancestry (18.3%), and residents who report Portuguese roots (6.6%), and some of the residents are also of German ancestry (2.9%), along with some Irish ancestry residents (2.0%), among others. In addition, 22.5% 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 Noralto neighborhood spend between 15 and 30 minutes commuting one-way to work (32.9% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (70.4%) 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 (20.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
SCOUT鈥檚 patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.