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Real Estate Prices & Overview

Picotte Park median real estate price is $356,159, which is more expensive than 78.2% of the neighborhoods in Nebraska and 49.0% of the neighborhoods in the U.S.

The average rental price in Picotte Park is currently $2,557, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 97.0% of the neighborhoods in Nebraska.

Picotte Park is a suburban neighborhood (based on population density) located in Omaha, Nebraska.

Picotte Park real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Picotte Park 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 Picotte Park, the current vacancy rate is 1.9%, which is a lower rate of vacancies than 87.2% of all neighborhoods in the U.S. This means that the housing supply in Picotte Park is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

Owner-occupied real estate dominates the Picotte Park neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 97.0% of neighborhoods in America.

People

If you are an executive or professional seeking a neighborhood affording an executive lifestyle, or just wanting to find where other executives live in the area, the Picotte Park neighborhood should be on your list. It has an enviable mix of spacious homes, relatively stable real estate values, and residents that include a number of wealthy executives, managers, and professionals. NeighborhoodScout's exclusive analysis places it as one of the top 14.8% executive lifestyle neighborhoods in the state of Nebraska.

Diversity

Did you know that the Picotte Park neighborhood has more Danish and German ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.2% of this neighborhood's residents have Danish ancestry and 37.1% have German ancestry.

Picotte Park is also pretty special linguistically. Significantly, 0.6% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 95.8% of the neighborhoods in America.

The Neighbors

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 Picotte Park neighborhood in Omaha are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 75.0% of the neighborhoods in America. In addition, 1.0% 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 78.7% 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 Picotte Park neighborhood, 46.6% 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 20.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.8%), and 13.1% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Picotte Park neighborhood is English, spoken by 94.6% of households. Some people also speak Spanish (2.3%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Picotte Park neighborhood in Omaha, NE, residents most commonly identify their ethnicity or ancestry as German (37.1%). There are also a number of people of Irish ancestry (15.2%), and residents who report English roots (10.7%), and some of the residents are also of Italian ancestry (6.0%), along with some Polish ancestry residents (5.4%), 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 Picotte Park neighborhood spend between 15 and 30 minutes commuting one-way to work (59.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (83.8%) drive alone in a private automobile to get to work. 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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