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Real Estate Prices & Overview

Village At Brea Summit median real estate price is $1,220,826, which is more expensive than 73.1% of the neighborhoods in California and 94.1% of the neighborhoods in the U.S.

The average rental price in Village At Brea Summit is currently $3,350, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 44.9% of California neighborhoods.

Village At Brea Summit is a suburban neighborhood (based on population density) located in Brea, California.

Village At Brea Summit real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more 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 Village At Brea Summit neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In Village At Brea Summit, the current vacancy rate is 0.4%, which is a lower rate of vacancies than 93.2% of all neighborhoods in the U.S. This means that the housing supply in Village At Brea Summit 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.

People

Of note is NeighborhoodScout's research finding that the Village At Brea Summit 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 Village At Brea Summit community truly stands out from the rest in this regard.

In addition, if you're planning where to retire, the Village At Brea Summit neighborhood in Brea is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in CA, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 87.5% of the neighborhoods in California. If you are considering retiring to California, this is a good neighborhood to look at.

Diversity

Did you know that the Village At Brea Summit neighborhood has more Canadian and Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.1% of this neighborhood's residents have Canadian ancestry and 26.6% have Asian ancestry.

Village At Brea Summit is also pretty special linguistically. Significantly, 6.2% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 99.2% 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 Village At Brea Summit neighborhood in Brea are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 81.4% 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.

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 Village At Brea Summit neighborhood, 47.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 21.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (19.1%), and 12.0% in manufacturing and laborer 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 Village At Brea Summit neighborhood is English, spoken by 63.0% of households. Other important languages spoken here include Spanish, Korean and Chinese.

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 Village At Brea Summit neighborhood in Brea, CA, residents most commonly identify their ethnicity or ancestry as Asian (26.6%). There are also a number of people of Mexican ancestry (23.6%), and residents who report German roots (9.6%), and some of the residents are also of Irish ancestry (9.4%), along with some English ancestry residents (7.0%), among others. In addition, 25.1% 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 Village At Brea Summit neighborhood spend between 30 and 45 minutes commuting one-way to work (29.0% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (80.0%) 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 (10.0%) . 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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