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Real Estate Prices & Overview

Tierra Bonita median real estate price is $564,285, which is less expensive than 76.9% of California neighborhoods and 28.2% of all U.S. neighborhoods.

The average rental price in Tierra Bonita is currently $3,365, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 44.3% of California neighborhoods.

Tierra Bonita is an urban neighborhood (based on population density) located in Lancaster, California.

Tierra Bonita real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Tierra Bonita 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 Tierra Bonita, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Tierra Bonita is very tight compared to the demand for property here.

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 Lancaster, the Tierra Bonita neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

With a real estate vacancy rate of only 0.0%, the Tierra Bonita neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.

Occupations

More people work in manufacturing and as laborers here in the Tierra Bonita neighborhood than in 97.8% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Tierra Bonita neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Tierra Bonita neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 11.2% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 96.6% of all neighborhoods in America.

People

Tierra Bonita is ranked among the top 6.2% of neighborhoods for first-time home buyers to consider in the state of California according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the Tierra Bonita neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers.

Diversity

Significantly, 1.1% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 97.7% 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 Tierra Bonita neighborhood in Lancaster are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 64.2% of the neighborhoods in America. With 15.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 60.2% of U.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 Tierra Bonita neighborhood, 46.4% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 30.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.4%), and 12.4% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Tierra Bonita neighborhood is English, spoken by 62.7% of households. Some people also speak Spanish (33.1%).

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 Tierra Bonita neighborhood in Lancaster, CA, residents most commonly identify their ethnicity or ancestry as Mexican (43.5%). There are also a number of people of Asian ancestry (3.5%), and residents who report Irish roots (2.1%), and some of the residents are also of English ancestry (1.9%), along with some Portuguese ancestry residents (1.6%), among others. In addition, 11.5% of the residents of this neighborhood were born in another country.

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 Tierra Bonita neighborhood spend between 15 and 30 minutes commuting one-way to work (54.1% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (11.2%) who commute over an hour in each direction.

Here most residents (79.2%) 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 (15.2%) . 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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