Indian Hills / Indian Trails median real estate price is $1,013,772, which is more expensive than 99.1% of the neighborhoods in Minnesota and 90.6% of the neighborhoods in the U.S.
The average rental price in Indian Hills / Indian Trails is currently $2,455, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.5% of the neighborhoods in Minnesota.
Indian Hills / Indian Trails is a suburban neighborhood (based on population density) located in Edina, Minnesota.
Indian Hills / Indian Trails real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Indian Hills / Indian Trails neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Indian Hills / Indian Trails has a 13.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 73.9% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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.
People
A majority of the adults in the Indian Hills / Indian Trails neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for Minnesota by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 99.8% of the neighborhoods in Minnesota. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for urban sophisticates and families with school-aged children.
In addition, wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the Indian Hills / Indian Trails neighborhood is wealthier than 99.2% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood.
Also, the rate of college educated adults in the Indian Hills / Indian Trails neighborhood is a unique characteristic of the neighborhood. 85.2% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 34.3% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 99.1% of all U.S. neighborhoods.
Finally, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Indian Hills / Indian Trails neighborhood may actually hold the key. 73.5% of its residents are married, which is a higher percentage than is found in 98.5% of the neighborhoods in America.
Real Estate
Real estate in the Indian Hills / Indian Trails neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 99.1% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood.
In addition, one way that the Indian Hills / Indian Trails neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.0% 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
The Indian Hills / Indian Trails neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 97.8% of the neighborhoods in America. In fact, 75.1% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.
Diversity
Did you know that the Indian Hills / Indian Trails neighborhood has more Swedish and Norwegian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 14.4% of this neighborhood's residents have Swedish ancestry and 13.3% have Norwegian ancestry.
Indian Hills / Indian Trails is also pretty special linguistically. Significantly, 1.4% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 98.2% of the neighborhoods in America.
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 Indian Hills / Indian Trails neighborhood in Edina are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 99.2% of the neighborhoods in America. In addition, 1.1% 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 78.4% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Indian Hills / Indian Trails neighborhood, 75.1% 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 15.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (5.6%), and 4.3% in manufacturing and laborer occupations.
Languages
The most common language spoken in the Indian Hills / Indian Trails neighborhood is English, spoken by 90.8% of households. Some people also speak African languages (2.5%).
Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Indian Hills / Indian Trails neighborhood in Edina, MN, residents most commonly identify their ethnicity or ancestry as German (29.6%). There are also a number of people of Swedish ancestry (14.4%), and residents who report Irish roots (13.6%), and some of the residents are also of Norwegian ancestry (13.3%), along with some English ancestry residents (7.7%), among others.
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 Indian Hills / Indian Trails neighborhood spend between 15 and 30 minutes commuting one-way to work (56.3% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (86.1%) 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.
