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Real Estate Prices & Overview

Terrace Belmont / Woodhurst median real estate price is $222,683, which is more expensive than 45.7% of the neighborhoods in Indiana and 25.3% of the neighborhoods in the U.S.

The average rental price in Terrace Belmont / Woodhurst is currently $1,861, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 79.9% of the neighborhoods in Indiana.

Terrace Belmont / Woodhurst is a suburban neighborhood (based on population density) located in Fort Wayne, Indiana.

Terrace Belmont / Woodhurst real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Terrace Belmont / Woodhurst neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Terrace Belmont / Woodhurst has a 11.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 66.8% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

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 Fort Wayne, the Terrace Belmont / Woodhurst neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Terrace Belmont / Woodhurst is ranked among the top 6.6% of neighborhoods for first-time home buyers to consider in the state of Indiana according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the Terrace Belmont / Woodhurst neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers.

Diversity

Did you know that the Terrace Belmont / Woodhurst neighborhood has more Swedish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 13.4% of this neighborhood's residents have Swedish ancestry.

Terrace Belmont / Woodhurst is also pretty special linguistically. Significantly, 1.7% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 95.1% of the neighborhoods in America.

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 Terrace Belmont / Woodhurst neighborhood in Fort Wayne are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 64.7% of U.S. neighborhoods. In addition, 4.0% 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 67.8% 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 Terrace Belmont / Woodhurst neighborhood, 36.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 27.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (24.8%), and 11.6% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Terrace Belmont / Woodhurst neighborhood is English, spoken by 83.6% of households. Some people also speak Spanish (11.3%).

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 Terrace Belmont / Woodhurst neighborhood in Fort Wayne, IN, residents most commonly identify their ethnicity or ancestry as German (31.6%). There are also a number of people of Swedish ancestry (13.4%), and residents who report Mexican roots (10.8%), and some of the residents are also of English ancestry (8.6%), along with some Irish ancestry residents (4.9%), among others.

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 Terrace Belmont / Woodhurst neighborhood spend between 15 and 30 minutes commuting one-way to work (49.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (74.9%) 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.


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