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Real Estate Prices & Overview

Regency Park median real estate price is $310,214, which is more expensive than 57.8% of the neighborhoods in Pennsylvania and 41.5% of the neighborhoods in the U.S.

The average rental price in Regency Park is currently $1,482, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 65.2% of Pennsylvania neighborhoods.

Regency Park is a suburban neighborhood (based on population density) located in Plum, Pennsylvania.

Regency Park 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 Regency Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Regency Park, the current vacancy rate is 1.7%, which is a lower rate of vacancies than 88.3% of all neighborhoods in the U.S. This means that the housing supply in Regency Park 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.

Modes of Transportation

In the Regency Park neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 31.4% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 97.5% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.

Occupations

With 1.7% of employed workers living in the Regency Park neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 95.7% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Diversity

Did you know that the Regency Park neighborhood has more Croatian and Italian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.4% of this neighborhood's residents have Croatian ancestry and 20.3% have Italian ancestry.

The Neighbors

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 Regency Park neighborhood in Plum are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 72.9% of the neighborhoods in America. In addition, 6.6% 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 59.8% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Regency Park neighborhood, 61.1% 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 17.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (13.4%), and 8.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Regency Park neighborhood is English, spoken by 92.7% 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 Regency Park neighborhood in Plum, PA, residents most commonly identify their ethnicity or ancestry as German (28.4%). There are also a number of people of Irish ancestry (21.2%), and residents who report Italian roots (20.3%), and some of the residents are also of Polish ancestry (10.6%), along with some French ancestry residents (5.9%), 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 Regency Park neighborhood spend between 15 and 30 minutes commuting one-way to work (43.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (66.2%) drive alone in a private automobile to get to work. 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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