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Real Estate Prices & Overview

Bay Terraces North median real estate price is $828,733, which is more expensive than 47.0% of the neighborhoods in California and 85.7% of the neighborhoods in the U.S.

The average rental price in Bay Terraces North is currently $1,628, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 94.7% of California neighborhoods.

Bay Terraces North is a densely urban neighborhood (based on population density) located in San Diego, California.

Bay Terraces North real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more 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 Bay Terraces North neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Bay Terraces North are 3.8%, which is lower than one will find in 75.0% of American neighborhoods. Demand for real estate in Bay Terraces North 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

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 San Diego, the Bay Terraces North neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Bay Terraces North neighborhood have a highly unusual car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 37.3% of the households here have four, five, or more cars. That is more cars per household than in 97.2% of the neighborhoods in the nation.

Diversity

Did you know that the Bay Terraces North neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 45.3% of this neighborhood's residents have Asian ancestry.

Bay Terraces North is also pretty special linguistically. Significantly, 28.8% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 100.0% 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. What is interesting to note, is that the Bay Terraces North neighborhood has a greater percentage of residents born in another country (46.2%) than are found in 96.5% of all U.S. neighborhoods.

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 Bay Terraces North neighborhood in San Diego are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 53.1% of the neighborhoods in America. With 22.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 71.7% 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 Bay Terraces North neighborhood, 31.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 28.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (20.5%), 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 Bay Terraces North neighborhood is English, spoken by 41.8% of households. Other important languages spoken here include Tagalog (the first language of the Philippine region) and Spanish.

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 Bay Terraces North neighborhood in San Diego, CA, residents most commonly identify their ethnicity or ancestry as Asian (45.3%). There are also a number of people of Mexican ancestry (26.8%), and residents who report Sub-Saharan African roots (3.9%), and some of the residents are also of German ancestry (2.6%), along with some Arab ancestry residents (1.2%), among others. In addition, 46.2% 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 Bay Terraces North neighborhood spend between 15 and 30 minutes commuting one-way to work (44.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (75.6%) 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 (13.3%) . 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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