Rochester Neighborhood

Liz ERB FIRMSTONE YOUR LIFESTYLE REALTOR^®
Iowa City - Coralville - North Liberty Real Estate

About Iowa City, IA (Rochester Neighborhood / N 1st Ave)

Real Estate Prices and Overview

Rochester Ave / N 1st Ave median real estate price is $220,210, which is more expensive than 90.3% of the neighborhoods in Iowa and 58.6% of the neighborhoods in the U.S.

The average rental price in Rochester Ave / N 1st Ave is currently $1,178, based on this exclusive analysis. The average rental cost in this neighborhood is higher than 97.0% of the neighborhoods in Iowa.

Rochester Ave / N 1st Ave is a suburban neighborhood (based on population density) located in Iowa City, Iowa.

Rochester Ave / N 1st Ave 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 Rochester Ave / N 1st Ave neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In Rochester Ave / N 1st Ave, the current vacancy rate is 0.9%, which is a lower rate of vacancies than 95.7% of all neighborhoods in the U.S. This means that the housing supply in Rochester Ave / N 1st Ave 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 this exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Notable & Unique: People

A majority of the adults in the Rochester Ave / N 1st Ave neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for Iowa by this analysis, which rated it as better for executive lifestyles than 98.4% of the neighborhoods in Iowa. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for urban sophisticates.

In addition, if knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Rochester Ave / N 1st Ave neighborhood, where 36.5% have earned an advanced degree. Compare that to the average neighborhood in America, where just 8.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 97.3% of the neighborhoods in America.

Notable & Unique: Diversity

Did you know that the Rochester Ave / N 1st Ave neighborhood has more Dutch and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.5% of this neighborhood's residents have Dutch ancestry and 1.0% have Lebanese ancestry.

Notable & Unique: Real Estate

This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.9% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Rochester Ave / N 1st Ave neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.

The Neighbors

The Neighbors: Income

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. This analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Rochester Ave / N 1st Ave neighborhood in Iowa City are wealthy, making it among the 15% highest income neighborhoods in America. This exclusive analysis reveals that this neighborhood has a higher income than 85.4% of the neighborhoods in America.

The Neighbors: Occupations

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 Rochester Ave / N 1st Ave neighborhood, 60.3% 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 16.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.2%), and 8.6% in clerical, assistant, and tech support occupations.

The Neighbors: Ethnicity / Ancestry

In the Rochester Ave / N 1st Ave neighborhood in Iowa City, residents most commonly identify their ethnicity or ancestry as German (39.7%). There are also a number of people of Irish ancestry (18.9%), and residents who report English roots (14.4%), and some of the residents are also of Italian ancestry (4.8%), along with some Norwegian ancestry residents (4.8%), among others.

The Neighbors: Languages

The most common language spoken in the Rochester Ave / N 1st Ave neighborhood is English, spoken by 92.7% of households. Some people also speak Spanish (2.8%).

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 Rochester Ave / N 1st Ave 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 (79.0%) 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 (10.8%) and 5.6% 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.

"With Honesty, Integrity, and Trust
I Will Help You With Finding Your Place!"

Liz Erb Firmstone, Realtor^®
319.541.5292

Liz@lizfirmstone.com