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Real Estate Prices & Overview

Grand View Terrace / North and East median real estate price is $789,441, which is more expensive than 42.5% of the neighborhoods in California and 84.2% of the neighborhoods in the U.S.

The average rental price in Grand View Terrace / North and East is currently $2,660, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 69.4% of California neighborhoods.

Grand View Terrace / North and East is a densely urban neighborhood (based on population density) located in Richmond, California.

Grand View Terrace / North and East real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Grand View Terrace / North and East neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in Grand View Terrace / North and East are 5.8%, which is lower than one will find in 61.0% of American neighborhoods. Demand for real estate in Grand View Terrace / North and East 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

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.

Modes of Transportation

In the Grand View Terrace / North and East neighborhood, 10.6% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 95.2% of the neighborhoods in America.

People

Grand View Terrace / North and East is ranked among the top 8.7% of neighborhoods for first-time home buyers to consider in the state of California according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the Grand View Terrace / North and East neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers.

Diversity

Did you know that the Grand View Terrace / North and East neighborhood has more Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.2% of this neighborhood's residents have Arab ancestry.

Grand View Terrace / North and East is also pretty special linguistically. Significantly, 1.8% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 95.6% of the neighborhoods in America.

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 Grand View Terrace / North and East neighborhood in Richmond are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 62.6% of the neighborhoods in America. With 43.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 90.9% of U.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 Grand View Terrace / North and East neighborhood, 35.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 25.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.6%), and 19.4% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 Grand View Terrace / North and East neighborhood is Spanish, spoken by 47.9% of households. Other important languages spoken here include English and Chinese.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Grand View Terrace / North and East neighborhood in Richmond, CA, residents most commonly identify their ethnicity or ancestry as Mexican (32.8%). There are also a number of people of Asian ancestry (11.1%), and residents who report Italian roots (7.4%), and some of the residents are also of German ancestry (5.0%), along with some Irish ancestry residents (4.3%), among others. In addition, 35.1% of the residents of this neighborhood were born in another country.

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 Grand View Terrace / North and East neighborhood spend between 30 and 45 minutes commuting one-way to work (37.6% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (66.3%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (10.6%) and 9.0% of residents also carpool with coworkers, friends, or neighbors 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.


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Crime includes:
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