Canyon Terrace is a low-density suburban neighborhood in Orange, California.
Canyon Terrace real estate consists mostly of medium-sized (three or four bedroom) to big (four, five, or more bedroom) single-family homes and mobile homes. The majority of residential real estate is owner occupied. Many of the homes in the Canyon Terrace area are established but not old, having been built between 1970 and 1999. Between 1940 and 1969, a number of houses were also constructed.
Canyon Terrace currently has a vacancy rate of 2.9%, which is lower than the national average of 82.7%. This means that the housing supply in Canyon Terrace is extremely limited in comparison to the demand for real estate in the area.
Canyon Terrace has a median real estate price of $1,147,865, which is higher than 81.3% of California neighborhoods and 95.9% of US neighborhoods.
According to a study, the average rental price in Canyon Terrace is presently $4,069. The average rental cost in this neighborhood is higher than in 81.0% of California’s neighborhoods.
Residents in Orange’s Canyon Terrace area identify as Mexican (22.5%). There are also some Asian ancestry residents (14.6%), Irish ancestry residents (6.7%), and some Italian ancestry residents (6.3%), as well as some German ancestry residents (6.2%). Furthermore, 23.3% of the individuals in this neighborhood were born in another nation.
The languages spoken in this community are various. These are the languages that people prefer to speak at home with their family. English is the most commonly spoken language in Canyon Terrace, with 69.4% of households speaking it. Other prominent languages spoken here are Spanish, Tagalog (the original language of the Philippines), and Chinese.
The Canyon Terrace community in Orange has wealthy neighbors, ranking it among the 15% wealthiest areas in America. According to data, this community has a greater income than 93.3% of the neighborhoods in America. Furthermore, 1.4% of the children seventeen and younger in this area live below the federal poverty line, which is a lower percentage of childhood poverty than observed in 78.2% of America’s neighborhoods.
In the Canyon Terrace neighborhood, executive, managerial, and professional occupations employ 45.2% of the working population. With 30.7% of residents employed, sales and service jobs are the second most important occupational group in this neighborhood, ranging from major sales accounts to working in fast food restaurants. Other residents are working in administrative, assistant, and tech support occupations (11.7%), and manufacturing and laborer occupations (10.9%).
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