Hominy Branch median real estate price is $249,850, which is more expensive than 49.8% of the neighborhoods in Missouri and 28.6% of the neighborhoods in the U.S.
The average rental price in Hominy Branch is currently $1,376, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 52.3% of Missouri neighborhoods.
Hominy Branch is a suburban neighborhood (based on population density) located in Columbia, Missouri.
Hominy Branch 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 single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Hominy Branch neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Hominy Branch are 5.2%, which is lower than one will find in 64.1% of American neighborhoods. Demand for real estate in Hominy Branch 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.
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.
For many reasons, Hominy Branch is rated by NeighborhoodScout as one of the top 3.1% of ideal neighborhoods for first-time home buyers in the state of Missouri. Homes here are priced below median housing values in the state, yet the neighborhood has a track record according to NeighborhoodScout's exclusive neighborhood home appreciation rates of above average real estate appreciation over the last five years compared to other MO neighborhoods, protecting your investment in your first home, while simultaneously making it less risky for your lender. Not only does this neighborhood stand out for combining price and home value stability or increases, it also is a neighborhood with a high quality resident population according exclusive data, meaning this is likely a good place to buy, live, and enjoy. While many first time home buyers focus purely on low cost and convenient location, which can risk your investment in your first home and put you in a less than desirable neighborhood, this neighborhood is a true standout for a lot of reasons, and definitely worth a look if you are a first time home buyer.
Did you know that the Hominy Branch neighborhood has more Welsh ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.8% of this neighborhood's residents have Welsh ancestry.
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 Hominy Branch neighborhood in Columbia are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 67.1% of U.S. neighborhoods. In addition, 5.0% 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 64.2% 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 Hominy Branch neighborhood, 46.9% 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 21.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.2%), and 15.8% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The most common language spoken in the Hominy Branch neighborhood is English, spoken by 95.2% of households. Some people also speak Arabic (2.0%).
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 Hominy Branch neighborhood in Columbia, MO, residents most commonly identify their ethnicity or ancestry as German (24.2%). There are also a number of people of Irish ancestry (14.3%), and residents who report English roots (11.0%), and some of the residents are also of Welsh ancestry (2.8%), along with some Scots-Irish ancestry residents (2.6%), among others.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Hominy Branch neighborhood spend between 15 and 30 minutes commuting one-way to work (56.3% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (73.8%) 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 (12.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.