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Real Estate Prices & Overview

North Innsbruck / Rice Creek median real estate price is $486,515, which is more expensive than 80.2% of the neighborhoods in Minnesota and 65.0% of the neighborhoods in the U.S.

The average rental price in North Innsbruck / Rice Creek is currently $2,079, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 70.1% of the neighborhoods in Minnesota.

North Innsbruck / Rice Creek is a suburban neighborhood (based on population density) located in New Brighton, Minnesota.

North Innsbruck / Rice Creek 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 owner occupied. Many of the residences in the North Innsbruck / Rice Creek 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 North Innsbruck / Rice Creek are 5.9%, which is lower than one will find in 60.6% of American neighborhoods. Demand for real estate in North Innsbruck / Rice Creek 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 New Brighton, the North Innsbruck / Rice Creek neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of note is NeighborhoodScout's research finding that the North Innsbruck / Rice Creek 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 North Innsbruck / Rice Creek community truly stands out from the rest in this regard.

In addition, if you're nearing retirement age, or in retirement, the North Innsbruck / Rice Creek is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 9.1% of retiree-friendly neighborhoods in Minnesota, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Minnesota. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for highly educated executives and urban sophisticates.

Diversity

Did you know that the North Innsbruck / Rice Creek neighborhood has more Swedish and Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 15.7% of this neighborhood's residents have Swedish ancestry and 7.4% have Scottish ancestry.

North Innsbruck / Rice Creek is also pretty special linguistically. Significantly, 1.6% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 98.0% 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 North Innsbruck / Rice Creek neighborhood in New Brighton are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 83.8% 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 North Innsbruck / Rice Creek neighborhood, 54.1% 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 18.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.9%), and 13.6% in manufacturing and laborer occupations.

Languages

The most common language spoken in the North Innsbruck / Rice Creek neighborhood is English, spoken by 92.3% of households.

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 North Innsbruck / Rice Creek neighborhood in New Brighton, MN, residents most commonly identify their ethnicity or ancestry as German (25.2%). There are also a number of people of Swedish ancestry (15.7%), and residents who report Norwegian roots (11.4%), and some of the residents are also of English ancestry (9.3%), along with some Spanish ancestry residents (7.5%), among others.

Getting to Work

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 North Innsbruck / Rice Creek neighborhood spend between 15 and 30 minutes commuting one-way to work (51.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (78.8%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (5.5%) . 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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