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Real Estate Prices & Overview

Prater median real estate price is $384,456, which is more expensive than 80.7% of the neighborhoods in Missouri and 52.8% of the neighborhoods in the U.S.

The average rental price in Prater is currently $1,173, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 78.8% of Missouri neighborhoods.

Prater is a rural neighborhood (based on population density) located in Pacific, Missouri.

Prater 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 Prater neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

In Prater, the current vacancy rate is 1.3%, which is a lower rate of vacancies than 90.1% of all neighborhoods in the U.S. This means that the housing supply in Prater is very tight compared to the demand for property here.

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 Pacific, the Prater neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Diversity

Did you know that the Prater neighborhood has more Scots-Irish and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.6% of this neighborhood's residents have Scots-Irish ancestry and 1.5% have Lebanese ancestry.

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 Prater neighborhood in Pacific are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 43.9% of the neighborhoods in America. In addition, 7.2% 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 58.1% 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 Prater neighborhood, 33.0% 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 28.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (27.0%), and 11.9% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Prater neighborhood is English, spoken by 97.9% of households. Some people also speak Italian (4.3%).

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 Prater neighborhood in Pacific, MO, residents most commonly identify their ethnicity or ancestry as German (25.6%). There are also a number of people of Irish ancestry (19.7%), and residents who report English roots (10.7%), and some of the residents are also of Scots-Irish ancestry (4.6%), along with some Italian ancestry residents (4.5%), 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 Prater neighborhood spend between 45 minutes and one hour commuting one-way to work (30.2% of working residents), longer and tougher than most commutes in America.

Here most residents (75.8%) 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 (11.4%) . 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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