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Real Estate Prices & Overview

Minnesota State University Moorhead median real estate price is $241,090, which is less expensive than 76.0% of Minnesota neighborhoods and 69.3% of all U.S. neighborhoods.

The average rental price in Minnesota State University Moorhead is currently $1,125, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 86.6% of Minnesota neighborhoods.

Minnesota State University Moorhead is an urban neighborhood (based on population density) located in Moorhead, Minnesota.

Minnesota State University Moorhead real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Minnesota State University Moorhead neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Minnesota State University Moorhead has a 13.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 72.9% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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 Moorhead, the Minnesota State University Moorhead neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

An extraordinary 64.8% of the residents of the Minnesota State University Moorhead neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

In addition, one of the really interesting characteristics about the Minnesota State University Moorhead neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 1.1% of college-friendly places to live in the state of Minnesota.

Occupations

There are more people living in the Minnesota State University Moorhead neighborhood employed as sales and service workers (56.1%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Modes of Transportation

In the Minnesota State University Moorhead neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 13.0% of residents here. This is a higher proportion of walking commuters than we found in 96.4% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Real Estate

87.2% of the real estate in the Minnesota State University Moorhead neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Diversity

Did you know that the Minnesota State University Moorhead neighborhood has more Norwegian and Native American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 14.8% of this neighborhood's residents have Norwegian ancestry and 3.8% have Native American ancestry.

Minnesota State University Moorhead is also pretty special linguistically. Significantly, 2.9% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 96.8% of the neighborhoods in America.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the Minnesota State University Moorhead neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.8% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

The Neighbors

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. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Minnesota State University Moorhead neighborhood in Moorhead are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 94.1% of U.S. neighborhoods. In addition, 0.9% 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 79.0% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Minnesota State University Moorhead neighborhood, 43.9% 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 executive, management, and professional occupations, with 24.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.0%), and 15.1% in manufacturing and laborer occupations.

Languages

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 Minnesota State University Moorhead neighborhood is English, spoken by 87.2% of households. Other important languages spoken here include African languages and Spanish.

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 Minnesota State University Moorhead neighborhood in Moorhead, MN, residents most commonly identify their ethnicity or ancestry as German (16.3%). There are also a number of people of Norwegian ancestry (14.8%), and residents who report Mexican roots (4.9%), and some of the residents are also of Asian ancestry (4.3%), along with some Irish ancestry residents (4.3%), among others.

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 Minnesota State University Moorhead neighborhood spend under 15 minutes commuting one-way to work (49.9% of working residents), one of the shortest commutes across America.

Here most residents (51.9%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (13.0%) and 11.2% of residents also carpool with coworkers, friends, or neighbors 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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