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Real Estate Prices & Overview

Georgetown Village / Melrose Place median real estate price is $410,380, which is more expensive than 73.7% of the neighborhoods in Pennsylvania and 55.2% of the neighborhoods in the U.S.

The average rental price in Georgetown Village / Melrose Place is currently $1,868, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 43.0% of Pennsylvania neighborhoods.

Georgetown Village / Melrose Place is a suburban neighborhood (based on population density) located in Blandon, Pennsylvania.

Georgetown Village / Melrose Place 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 Georgetown Village / Melrose Place 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 Georgetown Village / Melrose Place, 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 Georgetown Village / Melrose Place is very tight compared to the demand for property here.

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 Blandon, the Georgetown Village / Melrose Place neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

With a real estate vacancy rate of only 0.0%, the Georgetown Village / Melrose Place 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, if you love row houses and attached homes, you will probably really like the Georgetown Village / Melrose Place neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 24.1% of the residential real estate here is classified as row houses and attached homes.

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 Georgetown Village / Melrose Place 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 10.5% executive lifestyle neighborhoods in the state of Pennsylvania.

Diversity

Did you know that the Georgetown Village / Melrose Place neighborhood has more Czechoslovakian and Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.5% of this neighborhood's residents have Czechoslovakian ancestry and 1.5% have Austrian ancestry.

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 Georgetown Village / Melrose Place neighborhood in Blandon are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 72.6% of the neighborhoods in America. With 11.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 53.0% of U.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 Georgetown Village / Melrose Place neighborhood, 43.3% 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 24.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (22.1%), and 9.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Georgetown Village / Melrose Place neighborhood is English, spoken by 90.6% of households. Some people also speak Spanish (7.4%).

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 Georgetown Village / Melrose Place neighborhood in Blandon, PA, residents most commonly identify their ethnicity or ancestry as German (39.2%). There are also a number of people of Italian ancestry (15.1%), and residents who report Irish roots (12.7%), and some of the residents are also of English ancestry (10.1%), along with some Polish ancestry residents (6.8%), 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 Georgetown Village / Melrose Place neighborhood spend between 15 and 30 minutes commuting one-way to work (51.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (79.1%) 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 (7.0%) . 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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