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Real Estate Prices & Overview

University Village / Flood Park Estates median real estate price is $1,239,189, which is more expensive than 74.1% of the neighborhoods in California and 94.4% of the neighborhoods in the U.S.

The average rental price in University Village / Flood Park Estates is currently $5,229, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 91.3% of the neighborhoods in California.

University Village / Flood Park Estates is a suburban neighborhood (based on population density) located in East Palo Alto, California. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

University Village / Flood Park Estates 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 occupied by a mixture of owners and renters. Many of the residences in the University Village / Flood Park Estates neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in University Village / Flood Park Estates are 3.6%, which is lower than one will find in 76.2% of American neighborhoods. Demand for real estate in University Village / Flood Park Estates is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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

Do you like a coastal setting? If so, this neighborhood may be to your liking. The University Village / Flood Park Estates neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, University Village / Flood Park Estates is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

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 University Village / Flood Park Estates neighborhood, is that an incredible 87.0% 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.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the University Village / Flood Park Estates neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 56.5% of the households here have four, five, or more cars. That is more cars per household than in 99.9% of the neighborhoods in the nation.

People

NeighborhoodScout's analysis shows that the University Village / Flood Park Estates neighborhood has a greater concentration of residents currently enrolled in college than 95.5% of the neighborhoods in the U.S. With 11.4% of the population here attending college, this is very much a college-focused neighborhood.

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 University Village / Flood Park Estates neighborhood in East Palo Alto are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 84.7% of the neighborhoods in America. With 14.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 59.5% of U.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 University Village / Flood Park Estates neighborhood, 34.0% 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 23.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.3%), and 18.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the University Village / Flood Park Estates neighborhood is Spanish, spoken by 54.8% of households. Some people also speak English (32.3%).

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 University Village / Flood Park Estates neighborhood in East Palo Alto, CA, residents most commonly identify their ethnicity or ancestry as Mexican (47.3%). There are also a number of people of Asian ancestry (5.3%), and residents who report South American roots (2.0%), and some of the residents are also of Sub-Saharan African ancestry (1.9%), along with some African ancestry residents (1.9%), among others. In addition, 40.0% of the residents of this neighborhood were born in another country.

Getting to Work

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 University Village / Flood Park Estates neighborhood spend between 15 and 30 minutes commuting one-way to work (35.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (53.4%) 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 (21.2%) . 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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