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Real Estate Prices & Overview

Grainwood median real estate price is $499,999, which is more expensive than 80.4% of the neighborhoods in Minnesota and 65.7% of the neighborhoods in the U.S.

The average rental price in Grainwood is currently $3,319, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 98.7% of the neighborhoods in Minnesota.

Grainwood is a suburban neighborhood (based on population density) located in Prior Lake, Minnesota.

Grainwood 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 Grainwood 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 Grainwood, the current vacancy rate is 2.8%, which is a lower rate of vacancies than 81.4% of all neighborhoods in the U.S. This means that the housing supply in Grainwood 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 NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

Of note is NeighborhoodScout's research finding that the Grainwood neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Grainwood community truly stands out from the rest in this regard.

In addition, the Grainwood neighborhood is a great option for families, as revealed by NeighborhoodScout's research on this neighborhood. The combination of top public schools, low crime rates, and owner-occupied single family homes, make this neighborhood among the top 7.7% of family-friendly neighborhoods in the state of Minnesota. Many other families also live here, making it easy to socialize and develop a sense of community. In addition, families here highly value education, as is reflected by the strength of the local schools. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for urban sophisticates and highly educated executives.

Real Estate

Owner-occupied real estate dominates the Grainwood neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 98.5% of neighborhoods in America.

Diversity

Did you know that the Grainwood neighborhood has more Swedish and Norwegian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.1% of this neighborhood's residents have Swedish ancestry and 11.9% have Norwegian 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 Grainwood neighborhood in Prior Lake are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 91.6% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America'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 Grainwood neighborhood, 44.2% 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 21.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.4%), and 13.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Grainwood neighborhood is English, spoken by 95.6% of households. Some people also speak Spanish (2.5%).

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 Grainwood neighborhood in Prior Lake, MN, residents most commonly identify their ethnicity or ancestry as German (37.6%). There are also a number of people of Norwegian ancestry (11.9%), and residents who report Irish roots (11.7%), and some of the residents are also of Swedish ancestry (7.1%), along with some French ancestry residents (3.9%), 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 Grainwood neighborhood spend between 15 and 30 minutes commuting one-way to work (46.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (66.0%) 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 (8.9%) . 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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Economics & Demographics include:
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Household Types
Commute To Work
Migration & Mobility
Race & Ethnic Diversity
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Income & Unemployment Rate
Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
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Schools include:
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Public School Test Scores
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