Ventura Village median real estate price is $343,445, which is more expensive than 49.1% of the neighborhoods in Minnesota and 47.0% of the neighborhoods in the U.S.
The average rental price in Ventura Village is currently $1,559, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 62.1% of Minnesota neighborhoods.
Ventura Village is a densely urban neighborhood (based on population density) located in Minneapolis, Minnesota.
Ventura Village real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Ventura Village neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
Ventura Village has a 14.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 75.9% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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.
The Ventura Village neighborhood stands out for having an average per capita income lower than 97.8% of the neighborhoods in the United States.
In addition, one of the most interesting things about the Ventura Village neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 50.4% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 95.9% of the neighborhoods in America.
Also, with a nice mix of college students, safety from crime, and decent walkability, the Ventura Village neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 86.1% of the neighborhoods in MN. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.
More people ride the bus in this neighborhood each day to get to work than 97.7% of U.S. neighborhoods.
Renter-occupied real estate is dominant in the Ventura Village neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 90.9%, which is higher than 97.0% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
In addition, being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Ventura Village neighborhood is one of the most walkable neighborhoods in America.
Did you know that the Ventura Village neighborhood has more Sub-Saharan African and Native American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 34.8% of this neighborhood's residents have Sub-Saharan African ancestry and 6.1% have Native American ancestry.
Ventura Village is also pretty special linguistically. Significantly, 36.1% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 100.0% of the neighborhoods in America.
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 Ventura Village neighborhood in Minneapolis are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.8% of U.S. neighborhoods. With 36.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 87.0% 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 Ventura Village neighborhood, 37.8% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 26.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.8%), and 16.5% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
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 Ventura Village neighborhood is English, spoken by 47.0% of households. Other important languages spoken here include African languages, Spanish and Native American languages.
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 Ventura Village neighborhood in Minneapolis, MN, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (34.8%). There are also a number of people of Mexican ancestry (11.7%), and residents who report Native American roots (6.1%), and some of the residents are also of German ancestry (4.9%), along with some African ancestry residents (4.8%), among others. In addition, 39.7% of the residents of this neighborhood were born in another country.
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 Ventura Village neighborhood spend between 15 and 30 minutes commuting one-way to work (56.5% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (53.4%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (16.4%) and 15.4% 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.