Palmo median real estate price is $430,769, which is less expensive than 87.8% of California neighborhoods and 41.0% of all U.S. neighborhoods.
Average rental prices in the Palmo neighborhood are currently unreported, based on NeighborhoodScout's exclusive analysis.
Palmo is a remote neighborhood (based on population density) located in Wasco, California.
Palmo real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Palmo neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.
In Palmo, 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 Palmo is very tight compared to the demand for property here.
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 Wasco, the Palmo neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real Estate
Owner-occupied real estate dominates the Palmo neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 99.8% of neighborhoods in America. This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Palmo neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
In addition, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Palmo neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 98.7% of all American neighborhoods.
Furthermore, one way that the Palmo neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 95.7% 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.
Occupations
Each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the Palmo neighborhood truly stands out among U.S. neighborhoods. According to exclusive NeighborhoodScout analysis, this neighborhood has a greater proportion of farmers, foresters, or fishers than 99.2% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.
People
According to NeighborhoodScout's exclusive analysis, Palmo is among the best neighborhoods for families in California. In fact, this neighborhood is more family-friendly than 97.5% of neighborhoods in the entire state of California. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Palmo neighborhood.
In addition, an extraordinary 11.0% of the residents of the Palmo neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.
Car Ownership
American households most often have a car, and regularly they have two or three. But households in the Palmo neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 35.7% of the households here have four, five, or more cars. That is more cars per household than in 96.4% of the neighborhoods in the nation.
Migration / Stability
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. More residents of the Palmo neighborhood live here today that also were living in this same neighborhood five years ago than is found in 100.0% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.
Diversity
Did you know that the Palmo neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 79.9% of this neighborhood's residents have Mexican ancestry.
Palmo is also pretty special linguistically. Significantly, 68.3% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.2% of all U.S. neighborhoods.
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 Palmo neighborhood in Wasco are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% of U.S. neighborhoods. With 34.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 85.1% 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 Palmo neighborhood, 33.3% 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 26.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.6%), and 11.9% in farming, forestry, or commercial fishing.
Languages
The most common language spoken in the Palmo neighborhood is Spanish, spoken by 68.3% of households. Some people also speak English (30.2%).
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 Palmo neighborhood in Wasco, CA, residents most commonly identify their ethnicity or ancestry as Mexican (79.9%). There are also a number of people of Asian ancestry (3.4%), and residents who report English roots (2.3%), and some of the residents are also of Puerto Rican ancestry (1.9%), along with some Swiss ancestry residents (1.2%), among others. In addition, 37.2% 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 Palmo neighborhood spend between 15 and 30 minutes commuting one-way to work (59.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (78.0%) 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 (18.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
