Rancho median real estate price is $4,942,568, which is more expensive than 99.4% of the neighborhoods in California and 99.9% of the neighborhoods in the U.S.
The average rental price in Rancho is currently $4,784, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 86.9% of the neighborhoods in California.
Rancho is a suburban neighborhood (based on population density) located in Los Altos, California.
Rancho real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Rancho neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.
Real estate vacancies in Rancho are 5.2%, which is lower than one will find in 65.0% of American neighborhoods. Demand for real estate in Rancho 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.
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 Los Altos, the Rancho neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
People
Wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the Rancho neighborhood is wealthier than 99.5% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood.
In addition, some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 53.6% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 99.5% of U.S. neighborhoods, where the average American neighborhood has 13.4% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.
Also, according to NeighborhoodScout's exclusive analysis, Rancho is among the best neighborhoods for families in California. In fact, this neighborhood is more family-friendly than 99.4% of neighborhoods in the entire state of California. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Rancho neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for college students, highly educated executives and urban sophisticates.
Occupations
Executives, managers and professionals make up 79.0% of the workforce in the Rancho neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 98.9% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Real Estate
The Rancho neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 99.1% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 97.8% of all neighborhoods in America.
In addition, one way that the Rancho neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 95.5% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
Modes of Transportation
In the Rancho neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 28.2% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 95.8% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Diversity
Did you know that the Rancho neighborhood has more Iranian and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.5% of this neighborhood's residents have Iranian ancestry and 4.9% have Russian ancestry.
Rancho is also pretty special linguistically. Significantly, 2.0% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 99.1% of the neighborhoods in America.
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 Rancho neighborhood in Los Altos are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 99.5% of the neighborhoods in America. In addition, 0.6% 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 79.9% 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 Rancho neighborhood, 79.0% 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 12.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (5.6%), and 3.3% 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 Rancho neighborhood is English, spoken by 69.9% of households. Other important languages spoken here include Chinese, Langs. of India and Persian.
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 Rancho neighborhood in Los Altos, CA, residents most commonly identify their ethnicity or ancestry as Asian (30.5%). There are also a number of people of German ancestry (10.9%), and residents who report Irish roots (9.4%), and some of the residents are also of Italian ancestry (7.6%), along with some Irania ancestry residents (7.5%), among others. In addition, 27.9% of the residents of this neighborhood were born in another country.
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 Rancho neighborhood spend between 15 and 30 minutes commuting one-way to work (47.6% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (62.7%) 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.
