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Real Estate Prices & Overview

Banana Belt / Upper Ocean median real estate price is $1,332,516, which is more expensive than 77.7% of the neighborhoods in California and 95.3% of the neighborhoods in the U.S.

The average rental price in Banana Belt / Upper Ocean is currently $5,029, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 89.7% of the neighborhoods in California.

Banana Belt / Upper Ocean is an urban neighborhood (based on population density) located in Santa Cruz, California.

Banana Belt / Upper Ocean real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 Banana Belt / Upper Ocean neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Banana Belt / Upper Ocean are 3.3%, which is lower than one will find in 78.1% of American neighborhoods. Demand for real estate in Banana Belt / Upper Ocean 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.

People

Of particular note, 3.0% of the people in the Banana Belt / Upper Ocean neighborhood currently reside in a correction facility, held due to punishment for a crime.

In addition, neighborhoodScout's analysis shows that the Banana Belt / Upper Ocean neighborhood has a greater concentration of residents currently enrolled in college than 95.7% of the neighborhoods in the U.S. With 11.7% of the population here attending college, this is very much a college-focused neighborhood.

Diversity

Did you know that the Banana Belt / Upper Ocean neighborhood has more Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.8% of this neighborhood's residents have Armenian ancestry.

Banana Belt / Upper Ocean is also pretty special linguistically. Significantly, 1.1% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 97.4% of the neighborhoods in America.

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 Banana Belt / Upper Ocean neighborhood in Santa Cruz are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 82.1% of the neighborhoods in America. With 20.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 69.2% 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 Banana Belt / Upper Ocean neighborhood, 56.7% 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 21.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (10.4%), and 10.2% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Banana Belt / Upper Ocean neighborhood is English, spoken by 76.1% of households. Other important languages spoken here include Spanish and Italian.

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 Banana Belt / Upper Ocean neighborhood in Santa Cruz, CA, residents most commonly identify their ethnicity or ancestry as Mexican (14.2%). There are also a number of people of German ancestry (13.7%), and residents who report English roots (12.4%), and some of the residents are also of Irish ancestry (12.1%), along with some Italian ancestry residents (6.4%), among others. In addition, 12.8% 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 Banana Belt / Upper Ocean neighborhood spend under 15 minutes commuting one-way to work (52.0% of working residents), one of the shortest commutes across America.

Here most residents (71.1%) 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 (9.3%) . 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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