Magnolia Park / Cobblestone Cove median real estate price is $518,426, which is more expensive than 91.9% of the neighborhoods in Alabama and 64.7% of the neighborhoods in the U.S.
The average rental price in Magnolia Park / Cobblestone Cove is currently $2,798, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 96.4% of the neighborhoods in Alabama.
Magnolia Park / Cobblestone Cove is a rural neighborhood (based on population density) located in Huntsville, Alabama.
Magnolia Park / Cobblestone Cove real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Magnolia Park / Cobblestone Cove neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In Magnolia Park / Cobblestone Cove, 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 Park / Cobblestone Cove 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.
Real Estate
Real estate in the Magnolia Park / Cobblestone Cove 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 96.1% 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. 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 Magnolia Park / Cobblestone Cove 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, if you like the look and ambience of new homes and newly built neighborhoods, you will love the Magnolia Park / Cobblestone Cove neighborhood. A whopping 90.8% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 98.9% of the neighborhoods in the U.S. Everything here just feels new. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.
Furthermore, one way that the Magnolia Park / Cobblestone Cove neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 96.1% 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.
Also of note, 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 Park / Cobblestone Cove 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 96.1% of all American neighborhoods.
People
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 Magnolia Park / Cobblestone Cove neighborhood is wealthier than 95.1% 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. As one would expect in a considerably wealthy neighborhood such as this, Magnolia Park / Cobblestone Cove also has one of the lowest ratings of child poverty in the nation.
In addition, according to NeighborhoodScout's exclusive analysis, Magnolia Park / Cobblestone Cove is among the best neighborhoods for families in Alabama. In fact, this neighborhood is more family-friendly than 99.8% of neighborhoods in the entire state of Alabama. 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 Magnolia Park / Cobblestone Cove neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for highly educated executives and urban sophisticates.
Also, 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 Magnolia Park / Cobblestone Cove neighborhood may actually hold the key. 74.3% of its residents are married, which is a higher percentage than is found in 98.7% of the neighborhoods in America.
Finally, some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 40.9% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 97.3% of U.S. neighborhoods, where the average American neighborhood has 13.4% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.
Occupations
The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Magnolia Park / Cobblestone Cove neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 22.3% of its workforce, this neighborhood has a greater concentration of government workers than 99.4% of U.S. neighborhoods.
Furthermore, executives, managers and professionals make up 80.0% of the workforce in the Magnolia Park / Cobblestone Cove neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 99.1% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Diversity
Did you know that the Magnolia Park / Cobblestone Cove neighborhood has more British and Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.3% of this neighborhood's residents have British ancestry and 6.3% have Scottish ancestry.
Magnolia Park / Cobblestone Cove is also pretty special linguistically. Significantly, 0.8% 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 96.4% 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 Park / Cobblestone Cove neighborhood in Huntsville 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 95.1% 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.
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 Magnolia Park / Cobblestone Cove neighborhood, 80.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is government jobs, whether they are in local, state, or federal positions, with 22.3% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (9.3%), and 5.8% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the Magnolia Park / Cobblestone Cove neighborhood is English, spoken by 99.9% of households.
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 Magnolia Park / Cobblestone Cove neighborhood in Huntsville, AL, residents most commonly identify their ethnicity or ancestry as English (23.6%). There are also a number of people of German ancestry (17.9%), and residents who report Irish roots (12.5%), and some of the residents are also of Scottish ancestry (6.3%), along with some Italian ancestry residents (5.7%), 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 Magnolia Park / Cobblestone Cove neighborhood spend between 30 and 45 minutes commuting one-way to work (48.0% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (83.9%) 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.
