Magnolia Hill median real estate price is $401,135, which is more expensive than 74.1% of the neighborhoods in Pennsylvania and 55.5% of the neighborhoods in the U.S.
The average rental price in Magnolia Hill is currently $2,814, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 88.1% of the neighborhoods in Pennsylvania.
Magnolia Hill is a suburban neighborhood (based on population density) located in Levittown, Pennsylvania.
Magnolia Hill 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 owner occupied. Many of the residences in the Magnolia Hill neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Magnolia Hill, 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 Magnolia Hill 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 Levittown, the Magnolia Hill neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real estate in the Magnolia Hill 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 98.7% 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. With a real estate vacancy rate of only 0.0%, the Magnolia Hill 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, most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Magnolia Hill neighborhood, is that an incredible 82.9% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.
Furthermore, 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 Magnolia Hill 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.
In a nation where 1 out of every 4 children lives in poverty, the Magnolia Hill neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
While most Americans do drive to work alone each day, the Magnolia Hill neighborhood stands out by having 90.4% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 96.9% of all American neighborhoods.
Did you know that the Magnolia Hill neighborhood has more Scots-Irish and Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 13.5% of this neighborhood's residents have Scots-Irish ancestry and 33.8% have Irish ancestry.
Magnolia Hill is also pretty special linguistically. Significantly, 17.4% of its residents five years old and above primarily speak Italian at home. While this may seem like a small percentage, it is higher than 99.4% 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 Magnolia Hill neighborhood in Levittown are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 77.9% of the neighborhoods in America. In addition, 0.0% 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 100.0% 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 Magnolia Hill neighborhood, 31.1% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 24.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (24.3%), and 19.9% in clerical, assistant, and tech support occupations.
The most common language spoken in the Magnolia Hill neighborhood is English, spoken by 96.5% of households. Some people also speak Italian (17.4%).
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 Magnolia Hill neighborhood in Levittown, PA, residents most commonly identify their ethnicity or ancestry as Irish (33.8%). There are also a number of people of German ancestry (29.3%), and residents who report Italian roots (28.7%), and some of the residents are also of Scots-Irish ancestry (13.5%), along with some English ancestry residents (11.2%), 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 Magnolia Hill neighborhood spend under 15 minutes commuting one-way to work (43.3% of working residents), one of the shortest commutes across America.
Here most residents (90.4%) 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.