Los Ranchitos / Lake Village median real estate price is $904,524, which is more expensive than 51.3% of the neighborhoods in California and 87.2% of the neighborhoods in the U.S.
The average rental price in Los Ranchitos / Lake Village is currently $4,440, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 81.7% of the neighborhoods in California.
Los Ranchitos / Lake Village is a suburban neighborhood (based on population density) located in Temecula, California.
Los Ranchitos / Lake Village 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 Los Ranchitos / Lake Village 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 Los Ranchitos / Lake Village, 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 Los Ranchitos / Lake Village is very tight compared to the demand for property here.
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.
With a real estate vacancy rate of only 0.0%, the Los Ranchitos / Lake Village 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.
In addition, one way that the Los Ranchitos / Lake Village neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 97.3% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
Did you know that the Los Ranchitos / Lake Village neighborhood has more Romanian and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.1% of this neighborhood's residents have Romanian ancestry and 0.5% have Armenian 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 Los Ranchitos / Lake Village neighborhood in Temecula are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 78.9% of the neighborhoods in America. In addition, 2.2% 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 74.3% 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 Los Ranchitos / Lake Village neighborhood, 40.2% 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 22.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.0%), and 18.4% in clerical, assistant, and tech support occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Los Ranchitos / Lake Village neighborhood is English, spoken by 83.3% of households. Other important languages spoken here include Spanish and Tagalog (the first language of the Philippine region).
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 Los Ranchitos / Lake Village neighborhood in Temecula, CA, residents most commonly identify their ethnicity or ancestry as Mexican (17.7%). There are also a number of people of English ancestry (11.0%), and residents who report Asian roots (8.3%), and some of the residents are also of German ancestry (6.5%), along with some Italian ancestry residents (4.8%), among others. In addition, 14.2% of the residents of this neighborhood were born in another country.
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 Los Ranchitos / Lake Village neighborhood spend under 15 minutes commuting one-way to work (33.6% of working residents), one of the shortest commutes across America.
Here most residents (68.7%) 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 (19.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.