Broadmoor Homes / Royal Ridge
Broadmoor Homes / Royal Ridge real estate consists mostly of medium to big (four, five, or more bedroom) single-family homes and modest apartment buildings. The majority of residential real estate is owner-occupied. Many of the homes in the Broadmoor Homes / Royal Ridge neighborhood are well-established but not old, having been constructed between 1970 and 1999. A number of houses were also constructed between 1940 and 1969.
The Broadmoor Homes / Royal Ridge area has a lower vacancy rate than 100.0% of U.S. neighborhoods, making it an extremely exclusive group. Such a low vacancy rate may suggest very strong real estate demand in the community, as well as certain constraints to growing supply, such as zoning or existing density of construction, among other possible explanations.
Furthermore, most neighborhoods have a mix of home ages, but the Broadmoor Homes / Royal Ridge area is notable for having nearly all of its residential real estate built in one time period, especially between 1970 and 1999, which is typically considered to be established, but not old housing. When you walk around or drive around this area, you’ll notice that many of the houses seem the same because of their age. In fact, 90.0% of the residential real estate in this area was constructed during this time period.
Furthermore, the Broadmoor Homes / Royal Ridge area is distinguished by having more spacious 4, 5, or additional bedroom homes and real estate than 97.3% of American neighborhoods. When you stroll or drive through this area, you’ll note the scale of the residences, which creates a significant visual statement.
The adults in the Broadmoor Homes / Royal Ridge community are mostly wealthy and well-educated executives. They have majestic homes with strong real estate appreciation rates. Their upper-level jobs keep them busy while also allowing them to live comfortably. If you’re an executive looking for similar company, consider settling in this community, which was classified as an executive lifestyle “best choice” neighborhood for California by reports, which assessed it as better for executive lifestyles than 95.1% of California’s neighborhoods. This neighborhood is not just a wonderful choice for highly educated professionals, but it is also an excellent choice for families with school-aged children.
Did you know that the Broadmoor Homes / Royal Ridge area contains more residents of Iranian and Croatian descent than almost any other community in America? That is correct! In actuality, 5.1% of this neighborhood’s people are of Iranian descent, and 0.9% are of Croatian descent.
Broadmoor Homes / Royal Ridge is also linguistically unique. Significantly, 7.4% of its population aged five and up speak Persian at home. While this may appear to be a small amount, it is more than 99.9% of American communities.
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