Memorial Park median real estate price is $482,983, which is more expensive than 89.5% of the neighborhoods in South Dakota and 62.8% of the neighborhoods in the U.S.
The average rental price in Memorial Park is currently $1,620, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 92.1% of the neighborhoods in South Dakota.
Memorial Park is a suburban neighborhood (based on population density) located in Sioux Falls, South Dakota.
Memorial Park real estate is primarily made up of large (four, five or more bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Memorial Park neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In Memorial Park, the current vacancy rate is 1.8%, which is a lower rate of vacancies than 87.0% of all neighborhoods in the U.S. This means that the housing supply in Memorial Park is very tight compared to the demand for property here.
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.
Of note is NeighborhoodScout's research finding that the Memorial Park neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Memorial Park community truly stands out from the rest in this regard.
In addition, if you are an executive or professional seeking a neighborhood affording an executive lifestyle, or just wanting to find where other executives live in the area, the Memorial Park neighborhood should be on your list. It has an enviable mix of spacious homes, relatively stable real estate values, and residents that include a number of wealthy executives, managers, and professionals. NeighborhoodScout's exclusive analysis places it as one of the top 14.0% executive lifestyle neighborhoods in the state of South Dakota.
Homes built from 2000 through today make up a higher proportion of the Memorial Park neighborhood's real estate landscape than 96.2% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 73.7% of the residential real estate here is classified as newer.
Did you know that the Memorial Park neighborhood has more Dutch and Norwegian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 16.4% of this neighborhood's residents have Dutch ancestry and 16.0% have Norwegian ancestry.
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 Memorial Park neighborhood in Sioux Falls are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 75.9% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America'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 Memorial Park neighborhood, 42.7% 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 21.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.4%), and 16.7% in manufacturing and laborer occupations.
The most common language spoken in the Memorial Park neighborhood is English, spoken by 97.7% of households. Some people also speak Polish (3.8%).
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 Memorial Park neighborhood in Sioux Falls, SD, residents most commonly identify their ethnicity or ancestry as German (36.6%). There are also a number of people of Dutch ancestry (16.4%), and residents who report Norwegian roots (16.0%), and some of the residents are also of Swedish ancestry (8.7%), along with some Irish ancestry residents (7.9%), among others.
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 Memorial Park neighborhood spend between 15 and 30 minutes commuting one-way to work (67.0% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (83.4%) 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.