Muirwood Dr / Ravine Cir median real estate price is $608,033, which is more expensive than 94.4% of the neighborhoods in Michigan and 74.7% of the neighborhoods in the U.S.
The average rental price in Muirwood Dr / Ravine Cir is currently $2,602, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 91.8% of the neighborhoods in Michigan.
Muirwood Dr / Ravine Cir is a densely urban neighborhood (based on population density) located in Farmington Hills, Michigan.
Muirwood Dr / Ravine Cir real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Muirwood Dr / Ravine Cir 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.
In Muirwood Dr / Ravine Cir, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Muirwood Dr / Ravine Cir is very tight compared to the demand for property here.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
Real Estate
Renter-occupied real estate is dominant in the Muirwood Dr / Ravine Cir neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 85.3%, which is higher than 95.4% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so. With a real estate vacancy rate of only 0.0%, the Muirwood Dr / Ravine Cir neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
In addition, the Muirwood Dr / Ravine Cir neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 94.5% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Furthermore, the real estate in the Muirwood Dr / Ravine Cir neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 89.8% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 98.2% of American neighborhoods.
Also of note, most neighborhoods are composed of a mixture of ages of homes, but the Muirwood Dr / Ravine Cir stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 86.6% of the residential real estate here was built in this one time period.
People
Of note is NeighborhoodScout's research finding that the Muirwood Dr / Ravine Cir neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Muirwood Dr / Ravine Cir community truly stands out from the rest in this regard.
In addition, some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 36.8% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 95.8% of U.S. neighborhoods, where the average American neighborhood has 13.4% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.
Occupations
Executives, managers and professionals make up 78.4% of the workforce in the Muirwood Dr / Ravine Cir neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 98.7% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Diversity
Did you know that the Muirwood Dr / Ravine Cir neighborhood has more Asian and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 51.2% of this neighborhood's residents have Asian ancestry and 1.7% have Iranian ancestry.
Muirwood Dr / Ravine Cir is also pretty special linguistically. Significantly, 15.4% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 99.7% of the neighborhoods in America.
Migration / Stability
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Muirwood Dr / Ravine Cir neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.9% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas. What is also interesting to note, is that the Muirwood Dr / Ravine Cir neighborhood has a greater percentage of residents born in another country (50.7%) than are found in 97.8% of all U.S. neighborhoods.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Muirwood Dr / Ravine Cir neighborhood in Farmington Hills are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 76.4% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Muirwood Dr / Ravine Cir neighborhood, 78.4% 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 12.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (6.8%), and 2.6% 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 Muirwood Dr / Ravine Cir neighborhood is English, spoken by 44.2% of households. Other important languages spoken here include Langs. of India, Arabic and Polish.
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 Muirwood Dr / Ravine Cir neighborhood in Farmington Hills, MI, residents most commonly identify their ethnicity or ancestry as Asian (51.2%). There are also a number of people of Polish ancestry (6.5%), and residents who report English roots (4.4%), and some of the residents are also of German ancestry (3.7%), along with some Irish ancestry residents (3.5%), among others. In addition, 50.7% of the residents of this neighborhood were born in another country.
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 Muirwood Dr / Ravine Cir neighborhood spend between 15 and 30 minutes commuting one-way to work (43.0% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (62.7%) 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 (11.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
