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Real Estate Prices & Overview

Grand View Terrace / Martin median real estate price is $252,757, which is more expensive than 18.9% of the neighborhoods in Nevada and 30.6% of the neighborhoods in the U.S.

The average rental price in Grand View Terrace / Martin is currently $2,157, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 54.7% of Nevada neighborhoods.

Grand View Terrace / Martin is a rural neighborhood (based on population density) located in Reno, Nevada.

Grand View Terrace / Martin real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) mobile homes and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Grand View Terrace / Martin neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Grand View Terrace / Martin are 5.0%, which is lower than one will find in 66.9% of American neighborhoods. Demand for real estate in Grand View Terrace / Martin 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.

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

Divorcees may find friendship and understanding in this neighborhood, as 28.0% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 99.6% of the neighborhoods in America.

Real Estate

The Grand View Terrace / Martin neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 52.2% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.2% of the neighborhoods in the U.S. If you like mobile homes, this might be a great neighborhood in which to look for real estate.

Occupations

NeighborhoodScout's exclusive research identifies the Grand View Terrace / Martin neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 46.8% of its working residents employed in such fields, which is a higher proportion than 98.0% of American neighborhoods.

Diversity

Significantly, 1.3% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 96.1% 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 Grand View Terrace / Martin neighborhood in Reno are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 45.9% of the neighborhoods in America. With 19.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 67.9% of U.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 Grand View Terrace / Martin neighborhood, 46.8% 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 30.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (19.2%), and 4.0% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Grand View Terrace / Martin neighborhood is English, spoken by 59.3% of households. Some people also speak Spanish (39.3%).

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 Grand View Terrace / Martin neighborhood in Reno, NV, residents most commonly identify their ethnicity or ancestry as Mexican (37.3%). There are also a number of people of Irish ancestry (10.1%), and residents who report English roots (7.6%), and some of the residents are also of Polish ancestry (4.7%), along with some German ancestry residents (3.3%), among others. In addition, 18.8% 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 Grand View Terrace / Martin neighborhood spend under 15 minutes commuting one-way to work (56.2% of working residents), one of the shortest commutes across America.

Here most residents (72.8%) 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 (20.4%) . 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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