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Real Estate Prices & Overview

Millwood / Torrance median real estate price is $221,521, which is more expensive than 31.9% of the neighborhoods in Pennsylvania and 23.5% of the neighborhoods in the U.S.

The average rental price in Millwood / Torrance is currently $1,685, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 54.4% of Pennsylvania neighborhoods.

Millwood / Torrance is a rural neighborhood (based on population density) located in Derry, Pennsylvania.

Millwood / Torrance real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Millwood / Torrance neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Millwood / Torrance has a 10.9% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 66.8% of American neighborhoods). A relatively large percentage of housing here is seasonally occupied (5.5%), which can occur in some markets dominated by colleges or vacation homes. If you live here year round, you will find many of the homes or apartments are empty for all or a portion of the year.

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 Derry, the Millwood / Torrance neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

There is an especially high percentage of incarcerated people (2.1%) living in the Millwood / Torrance neighborhood.

Real Estate

One of the notable things about Millwood / Torrance is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.

Diversity

Did you know that the Millwood / Torrance neighborhood has more Slovak and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.0% of this neighborhood's residents have Slovak ancestry and 3.7% have Hungarian ancestry.

Millwood / Torrance is also pretty special linguistically. Significantly, 10.0% of its residents five years old and above primarily speak Polish at home. While this may seem like a small percentage, it is higher than 98.1% 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 Millwood / Torrance neighborhood in Derry are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 41.1% of the neighborhoods in America. With 11.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 52.4% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Millwood / Torrance neighborhood, 40.6% 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 22.7% of the residents employed. Other residents here are employed in executive, management, and professional occupations (21.5%), and 15.2% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Millwood / Torrance neighborhood is English, spoken by 99.3% of households. Some people also speak Polish (10.0%).

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 Millwood / Torrance neighborhood in Derry, PA, residents most commonly identify their ethnicity or ancestry as German (30.7%). There are also a number of people of Irish ancestry (20.3%), and residents who report Italian roots (13.0%), and some of the residents are also of Polish ancestry (9.3%), along with some English ancestry residents (7.4%), among others.

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 Millwood / Torrance neighborhood spend between 30 and 45 minutes commuting one-way to work (36.7% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (86.7%) 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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