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Real Estate Prices & Overview

Midtown Community / Gateway median real estate price is $501,675, which is more expensive than 80.2% of the neighborhoods in Alaska and 69.0% of the neighborhoods in the U.S.

The average rental price in Midtown Community / Gateway is currently $1,654, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 65.7% of Alaska neighborhoods.

Midtown Community / Gateway is a rural neighborhood (based on population density) located in Palmer, Alaska.

Midtown Community / Gateway real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Midtown Community / Gateway neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Midtown Community / Gateway, the current vacancy rate is 3.0%, which is a lower rate of vacancies than 80.0% of all neighborhoods in the U.S. This means that the housing supply in Midtown Community / Gateway 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.

Occupations

With 2.6% of employed workers living in the Midtown Community / Gateway neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 97.1% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

People

The Midtown Community / Gateway neighborhood is considered a solid choice for executive lifestyles. NeighborhoodScout's analysis ranks it as better than 93.8% of Alaska neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children.

Diversity

Did you know that the Midtown Community / Gateway neighborhood has more Native American and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.9% of this neighborhood's residents have Native American ancestry and 0.8% have Iranian ancestry.

Midtown Community / Gateway is also pretty special linguistically. Significantly, 1.5% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 98.4% of the neighborhoods in America.

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 Midtown Community / Gateway neighborhood in Palmer are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 82.9% of the neighborhoods in America. In addition, 7.2% 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 57.9% 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 Midtown Community / Gateway neighborhood, 44.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 23.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (20.6%), and 11.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Midtown Community / Gateway neighborhood is English, spoken by 94.9% of households.

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 Midtown Community / Gateway neighborhood in Palmer, AK, residents most commonly identify their ethnicity or ancestry as German (15.9%). There are also a number of people of English ancestry (14.1%), and residents who report Irish roots (11.3%), and some of the residents are also of Norwegian ancestry (4.9%), along with some Mexican ancestry residents (4.4%), 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 Midtown Community / Gateway neighborhood spend under 15 minutes commuting one-way to work (30.9% of working residents), one of the shortest commutes across America.

Here most residents (71.6%) 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 (16.2%) . 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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