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Real Estate Prices & Overview

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.

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.

Real Estate

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.

Diversity

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.

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 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.

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 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.

Languages

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).

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 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.

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 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.


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