A condition alert is a condition in the neighborhood that triggers an alert. NeighborhoodScout contains condition alerts to highlight conditions that are extreme, whether good or bad. This helps answer crucial questions about the state of the neighborhood being evaluated, such as:. Rents here are currently lower in price than Lakes by the Bay is a suburban neighborhood based on population density located in Cutler Bay, Florida.
In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work. Department of Housing and Urban Development, U. Bureau of the Census, U. Geological Service, American Community Survey. Median home value is the value which has equal numbers of homes valued above and below it. The median home value is more stable than the average home value, which can be greatly affected by a few very high or very low home values.
The average effective real estate tax rate is based on the median real estate taxes paid in the neighborhood, as a percentage of the median home value in the neighborhood.
Average market rent is exclusively developed by NeighborhoodScout. It reveals the average monthly rent paid for market rate apartments and rental homes in the neighborhood, excluding public housing.
Utility payments are not included. Average annual rent as a percentage of property value. Gross rental yield is based on average market rents paid for a unit with the same number of bedrooms as the median owner occupied home.
Lakefront: The neighborhood includes shoreline on a significant body of freshwater. These are lakes large enough to include recreation and scenic areas.
Note that smaller lakes are not included, or neighborhoods that have little shoreline on a lake, relative to the size of the entire neighborhood. Farms: Agricultural land uses are a significant part of the neighborhood and contribute to its character.
The look and feel of the neighborhood, from high rises on the coast, to rural farmlands. Densely Urban: With densities above 10, people per square mile these are some of the densest neighborhoods in the nation.
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Urban: Generally between 5, and 10, people per square mile, these are full built up places although not among the most dense in the country. Suburban: Although not necessarily outside city limits, these neighborhoods have a more generous amount of space per person with densities generally between 1, and 5, people per square mile.
Rural: Neighborhoods consist mostly of open space or agricultural areas but also generally have around residents per square mile.
Remote: Neighborhoods with the fewest people per square mile in the nation, generally less than per square mile. The proportion of homes and apartments in the neighborhood built within a certain time period. These are the predominate forms of housing in the neighborhood. Percentages are based on the number of housing units in the neighborhood of each housing type.
The predominate size of homes in the neighborhood, based on the number of bedrooms. Homes include single family houses as well as apartment and condominium units. These housing types are not for sale or for rent to the general public but may have a strong influence on the character of the neighborhood. The percentage of housing units in the neighborhood that are occupied by the property owner versus occupied by a tenant.
Vacant units are counted separately. The average annual change in the vacancy rate in the neighborhood during the latest five years. Trend is based on the percentage of properties that are vacant year round. Department of Education, 50 state departments of education, U. ated annually. Please note: Unemployment data ated July Read more. The best neighborhood for you may not be the best one for someone else. Similarly, what you want as a first-time home buyer may be different than what you want when you have school-aged children, or when you are nearing retirement.
The length of the bars indicate the percentage of neighborhoods in America that this neighborhood is more family-friendly than, more college student friendly than, more luxurious than, and so forth.
People have personalities, and so do neighborhoods. Quiet and sophisticated? Hip and walkable? The length of the bars indicate the percentage of neighborhoods in America that this neighborhood is more Urbane than, more Hip than, more Quiet than, more Nautical than, more Walkable than.
Age groups present in the neighborhood, as a percentage of the total population. Neighborhoods that score highest for mixed ages have the most equitable distribution across all age groups, from infants to senior citizens, all living in the same neighborhood.
Marital status is defined based on the percentage of residents who are 18 and over. We are not able to include same-sex marriages here because of data limitations. Same-sex couple data is available under Household Type. These are people currently active in the military.
They may live on base or off base. These are students enrolled in higher education as either undergraduates or graduate students. They may live on campus or in off campus housing. The share of using each mode of transport is measured as percentage of all working adults. The time is calculated for all residents working outside the home. The number of vehicles the average household in the neighborhood possesses is a function of wealth, space constraints, the age people of the household e.
The measure is defined as the number of vehicles registered per household, as a percentage of all households in the neighborhood.
The percent of all current neighborhood residents who were not living in the same house one year ago. Very high values show a lack of stability in the neighborhood. Very low values may represent insularity to outsiders.
This value will be high in neighborhoods that attract new residents from around the country, and low in places where most residents grew up within the same state. Foreign Born residents have immigrated to the United States from another country and may or may not be naturalized citizens.
These are the ways neighborhood residents have self-reported their race and ethnicity to the US Census. Asian and Hispanic residents may identify with one of the more specific subcategories.
These are the most common groups that neighborhood residents self- report as their ancestry. Places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture.
Income is measured either on a per capita basis or median household income. Per capita is the best measure of the average spending power of each person in the neighborhood. Median household income provides the best measure of the budget of the typical family or other non-family household. The percentage of adults aged 25 and older that have attained at least a 4 year college degree like a BA. Where is data? This is possible by associating the 9.
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S, including over 2 million geocoded point locations. Crime risk data are ated annually.
Crime Data FAQs. Know how good the public schools are before you buy a home, invest, or relocate. You can search for and find the best schools in any area. Only NeighborhoodScout gives you nationally comparable school rankings based on test scores, so you can directly compare the quality of schools in any location. In fact, our nationally comparable school ratings are patented.
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We also give you the ability to put in the school quality and class size you want, and the search engine will return the best neighborhoods for education in a list and map your results to the neighborhood level.
We are the only information provider to have this level of search functionality. Another NeighborhoodScout exclusive. Rates the quality of all K public schools that serve this neighborhood. Use NeighborhoodScout to determine the quality of the specific schools that serve each neighborhood, whether it is served by 1 or multiple school districts. Read More. Depending on where you live in the neighborhood, your children may attend certain schools from the above list and not others.
In some cases, districts allow students to attend schools anywhere in the district.
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Always ck with your local school department to determine which schools your children may attend based on your specific address and your child's grade-level. The result? It is well known that the quality of education provided by public schools varies greatly from school district to school district, and from city to city. Still further, the quality of a child's education can vary significantly from neighborhood to neighborhood within any city or town.
Geological Service, U. The 3 year appreciation forecast for each neighborhood is classified into 1 - 5 categories based on how this neighborhood's forecast 3 year performance compares to the real estate appreciation rates experienced in all neighborhoods nationwide for every 3 year period since This provides context for comparing what is very low, low, moderate, high, and rising star appreciation performance.
Developed by industry veterans and PhD geographers, Scout Vision uniquely solves for risk by forecasting home values with uhondaatclub.comecedented geographic granularity and predictive accuracy:.
NeighborhoodScout reveals the home value trends and appreciation rates for every state, city, town, neighborhood, and micro-neighborhood in America. NeighborhoodScout has calculated and provides home appreciation rates as a percentage change in the resale value of existing homes in that city, town, neighborhood or micro-neighborhood over the latest quarter, the last year, 2-years, 5-years, years, and even from to present.
We show both the cumulative appreciation rate, and the average annual appreciation rate for each time period e. We also show how each city, town, neighborhood or micro-neighborhood's appreciation rate compares to others across the U.
This makes comparisons of house appreciation rates equally easy for professional investors and individual homebuyers. In this example, the neighborhood is one of the highest appreciating in the nation over the last 5-years, but is only average in appreciation for the same period relative to other neighborhoods in the Santa Cruz-Watsonville, CA Metro Area. Our data are designed to capture changes in the value of single-family homes at the state, city, town, neighborhood and even micro-neighborhood level.
Different micro-neighborhoods within a city or town can have drastically different home appreciation rates. NeighborhoodScout vividly reveals such differences. Our data are built upon median house values per square foot in each neighborhood.
The data reflect appreciation rates for the micro-neighborhood or neighborhood, not necessarily each individual property in the neighborhood. Our data are calculated and ated every three months for each geography, approximately two months after the end of the previous quarter. Neighborhood appreciation rate data are based on transactions involving conforming, conventional mortgages.
Conforming refers to a mortgage that both meets the underwriting guidelines of Fannie Mae or Freddie Mac and that doesn't exceed the conforming loan limit, a figure linked to an index published by the Federal Housing Finance Board.
Conventional means that the mortgages are neither insured nor guaranteed by the FHA, VA, or other federal government entity. Mortgages on properties financed by government-insured loans, such as FHA or VA mortgages, are excluded, as are properties with mortgages whose principal amount exceeds the conforming loan limit.
Factors likely to drive home values upward over the next few years or indicators of upward trends already underway. Impediments to home value appreciation over the next few years or indicators of negative trends already underway.
The average nearby price per square foot is based on other locations a short drive away from the neighborhood. Then every neighborhood is ranked relative to both other neighborhoods in the region and all other neighborhoods in the nation.
The average annual change in homeownership rates in the neighborhood during the latest five years. The market rental prices may be low, but are they going up?
We calculate rental price trends as the average annual change in market rent paid in the neighborhood over the latest 5 years. We measure the average annual increase or decrease in the percentage of college graduates living in a neighborhood over the most recent 5 years.
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College graduates are defined here as adults 25 and older with at least a 4-year college degree. We analyze school test performance for all schools that serve this location, and calculate the average annual increase or decrease in the school performance index, based on the percentage of students testing proficient or advanced in standardized testing.
We measure the average annual increase or decrease in per capita income in the neighborhood over the most recent 5 years. We measure the average annual increase or decrease in household income in the neighborhood over the most recent 5 years. We measure the average annual increase or decrease in unemployment in the neighborhood over the most recent 5 years.
This provides context for comparing regional performance against historical benchmarking. As this ratio becomes high, it becomes more difficult for local wages to support housing prices. As the Index approas historical highs, it can be a warning of an overheated housing market that may be due for a pricing correction.
Because demand varies from region to region and the proportion of household income expected to be spent on housing also varies greatly from region to region, the Scout Vision Housing Affordability Index is best used to compare affordability in a region over time to assess overheated markets, rather than using the Index to compare different regions at one point in time to assess market overheating.
The Regional Housing Affordability Index is reassessed and recalculated annually. Disclaimer Forecasts of potential occurrences or non-occurrences of future conditions and events are inherently uncertain.
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Actual results may differ materially from what is predicted in any information provided by Location Inc. Nothing contained in or generated by a Location Inc.
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This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research. The algorithm uses 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.
Census tracts are small, relatively permanent subdivisions of a county that are defined by the U. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics including economic status, lifestyle, and living conditions.
Census tracts usually have 4, persons, but can range between 1, and 8, persons. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us.
Because census tracts are based on population, they vary in size depending on the density of settlement. In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas. Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town.
Then we named each census tract to the local colloquially recognized neighborhood name for that spot e. If there was not a name available, we named the census tract by the largest street intersection in the census tract e.
This helps answer crucial questions about the state of the neighborhood being evaluated, such as: What are the risks of violent crime here? Is the risk of home break-ins or other property crimes increasing?
Does real estate here hold its value? Are the trends in local vacancies or unemployment concerning?
Information at a glance that you need to know to invest, appraise or finance a property. Unlock report. Already have an account? Log In New to NeighborhoodScout? Create an account to add this page to your saved places. By sending this Report you agree to NeighborhoodScout's.
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