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Real Estate Prices & Overview

Ibm Woodside Park median real estate price is $279,832, which is less expensive than 67.6% of Minnesota neighborhoods and 65.1% of all U.S. neighborhoods.

The average rental price in Ibm Woodside Park is currently $1,363, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 75.1% of Minnesota neighborhoods.

Ibm Woodside Park is a suburban neighborhood (based on population density) located in Rochester, Minnesota.

Ibm Woodside Park real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Ibm Woodside Park neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Ibm Woodside Park are 5.7%, which is lower than one will find in 61.6% of American neighborhoods. Demand for real estate in Ibm Woodside Park is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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 Rochester, the Ibm Woodside Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Diversity

Did you know that the Ibm Woodside Park neighborhood has more Sub-Saharan African and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 19.7% of this neighborhood's residents have Sub-Saharan African ancestry and 4.1% have Arab ancestry.

Ibm Woodside Park is also pretty special linguistically. Significantly, 0.9% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 98.8% of the neighborhoods in America.

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 Ibm Woodside Park neighborhood in Rochester are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 79.4% of U.S. neighborhoods. With 52.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 94.9% of U.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 Ibm Woodside Park neighborhood, 43.5% 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 21.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (19.3%), and 15.7% in clerical, assistant, and tech support 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 Ibm Woodside Park neighborhood is English, spoken by 66.1% of households. Other important languages spoken here include Polish, African languages, Arabic and Vietnamese.

Ethnicity / Ancestry

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 Ibm Woodside Park neighborhood in Rochester, MN, residents most commonly identify their ethnicity or ancestry as German (20.2%). There are also a number of people of Sub-Saharan African ancestry (19.7%), and residents who report Asian roots (7.2%), and some of the residents are also of Irish ancestry (6.3%), along with some Norwegian ancestry residents (6.3%), among others. In addition, 30.9% of the residents of this neighborhood were born in another country.

Getting to Work

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 Ibm Woodside Park neighborhood spend under 15 minutes commuting one-way to work (50.6% of working residents), one of the shortest commutes across America.

Here most residents (73.6%) 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 (13.6%) and 8.5% of residents also ride the bus 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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