menu






Real Estate Prices & Overview

Rancho Park / Madison Square median real estate price is $568,422, which is less expensive than 76.7% of California neighborhoods and 27.9% of all U.S. neighborhoods.

The average rental price in Rancho Park / Madison Square is currently $2,333, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 79.4% of California neighborhoods.

Rancho Park / Madison Square is a densely urban neighborhood (based on population density) located in Riverside, California.

Rancho Park / Madison Square real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Rancho Park / Madison Square neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Rancho Park / Madison Square, 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 Rancho Park / Madison Square is very tight compared to the demand for property here.

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

Renter-occupied real estate is dominant in the Rancho Park / Madison Square neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 89.2%, which is higher than 96.6% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so. With a real estate vacancy rate of only 0.0%, the Rancho Park / Madison Square 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.

Modes of Transportation

In the Rancho Park / Madison Square neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 26.3% of commuters carpool here, which is more than in 97.7% of all U.S. neighborhoods.

People

Single parenting is hard. But you don't have to tell the Rancho Park / Madison Square neighborhood about it; they already know. 19.3% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 96.6% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

In addition, the Rancho Park / Madison Square neighborhood is unique for having just 6.5% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 95.8% of America's neighborhoods.

Occupations

More people work in manufacturing and as laborers here in the Rancho Park / Madison Square neighborhood than in 96.5% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Diversity

Did you know that the Rancho Park / Madison Square neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 80.0% of this neighborhood's residents have Mexican ancestry.

Rancho Park / Madison Square is also pretty special linguistically. Significantly, 70.6% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.5% of all U.S. neighborhoods.

The Neighbors

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 Rancho Park / Madison Square neighborhood in Riverside are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 85.6% of U.S. neighborhoods. With 37.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 87.3% 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 Rancho Park / Madison Square neighborhood, 43.7% of the working population is employed in manufacturing and laborer 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 32.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.3%), and 5.5% in executive, management, and professional occupations.

Languages

The most common language spoken in the Rancho Park / Madison Square neighborhood is Spanish, spoken by 70.6% of households. Some people also speak English (28.1%).

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 Rancho Park / Madison Square neighborhood in Riverside, CA, residents most commonly identify their ethnicity or ancestry as Mexican (80.0%). There are also a number of people of Asian ancestry (2.3%), and residents who report German roots (2.2%), and some of the residents are also of Italian ancestry (1.2%). In addition, 36.1% of the residents of this neighborhood were born in another country.

Getting to Work

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 Rancho Park / Madison Square neighborhood spend between 15 and 30 minutes commuting one-way to work (42.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (60.5%) 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 (26.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


Real Estate includes:
Average Home Values
Rental Market
Housing Market Details
Neighborhood Setting
Economics & Demographics include:
Lifestyle & Special Character
Household Types
Commute To Work
Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
Income & Unemployment Rate
Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
Violent Crime Comparison
Schools include:
School Ratings
Schools In District
Public School Test Scores
School District Enrollment
Educational Expenditures

comparable neighborhoods nearby