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Real Estate Prices & Overview

Estates on the Ridge / The Ridge at Echo Valley median real estate price is $305,397, which is more expensive than 72.3% of the neighborhoods in Iowa and 40.0% of the neighborhoods in the U.S.

The average rental price in Estates on the Ridge / The Ridge at Echo Valley is currently $1,527, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 86.3% of the neighborhoods in Iowa.

Estates on the Ridge / The Ridge at Echo Valley is a rural neighborhood (based on population density) located in Norwalk, Iowa.

Estates on the Ridge / The Ridge at Echo Valley real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Estates on the Ridge / The Ridge at Echo Valley 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.

Real estate vacancies in Estates on the Ridge / The Ridge at Echo Valley are 3.6%, which is lower than one will find in 76.0% of American neighborhoods. Demand for real estate in Estates on the Ridge / The Ridge at Echo Valley 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 Norwalk, the Estates on the Ridge / The Ridge at Echo Valley neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

With a nice mix of college students, safety from crime, and decent walkability, the Estates on the Ridge / The Ridge at Echo Valley neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 85.8% of the neighborhoods in IA. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for highly educated executives.

Diversity

Did you know that the Estates on the Ridge / The Ridge at Echo Valley neighborhood has more German and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 39.7% of this neighborhood's residents have German ancestry and 2.3% have Eastern European ancestry.

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 Estates on the Ridge / The Ridge at Echo Valley neighborhood in Norwalk are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 74.8% of the neighborhoods in America. In addition, 4.6% 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 65.9% 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 Estates on the Ridge / The Ridge at Echo Valley neighborhood, 46.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 22.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.6%), and 12.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Estates on the Ridge / The Ridge at Echo Valley neighborhood is English, spoken by 99.2% of households.

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 Estates on the Ridge / The Ridge at Echo Valley neighborhood in Norwalk, IA, residents most commonly identify their ethnicity or ancestry as German (39.7%). There are also a number of people of English ancestry (20.9%), and residents who report Irish roots (8.2%), and some of the residents are also of Dutch ancestry (3.7%), along with some Norwegian ancestry residents (3.3%), among others.

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 Estates on the Ridge / The Ridge at Echo Valley neighborhood spend between 15 and 30 minutes commuting one-way to work (42.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (83.3%) 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 (5.2%) . 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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