In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. Equally important is the rate of people, particularly children, who live below the federal poverty line. 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. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children and urban sophisticates. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for Arizona by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 98.5% of the neighborhoods in Arizona. Their upper-level careers keep them busy, but allow them to live comfortably. They own stately homes that tend to maintain high real estate appreciation rates. In addition, a majority of the adults in the Desert Ridge neighborhood are wealthy and educated executives. In a nation where approximately 1 in 4 children are living in poverty, the Desert Ridge community truly stands out from the rest in this regard. Of note is NeighborhoodScout's research finding that the Desert Ridge neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. NeighborhoodScout analysis shows that this rate is lower than 53.1% of the neighborhoods in the nation, approximately near the middle range for vacancies. Home and apartment vacancy rates are 7.4% in Desert Ridge. A number of residences were also built between 2000 and the present. Many of the residences in the Desert Ridge neighborhood are established but not old, having been built between 19. Most of the residential real estate is owner occupied.
The average rental cost in this neighborhood is higher than 97.5% of the neighborhoods in Arizona.ĭesert Ridge is an urban neighborhood (based on population density) located in Phoenix, Arizona.ĭesert Ridge 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. The average rental price in Desert Ridge is currently $5,122, based on NeighborhoodScout's exclusive analysis. If there was not a name available, we named the census tract by the largest street intersection in the census tract (e.g., Worcester, MA (Lincoln St/Plantation St)ĭesert Ridge median real estate price is $711,308, which is more expensive than 91.6% of the neighborhoods in Arizona and 86.3% of the neighborhoods in the U.S. Then we named each census tract to the local colloquially recognized neighborhood name for that spot (e.g., Boston, MA (Dorchester). Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town. In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas. Because census tracts are based on population, they vary in size depending on the density of settlement. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us. Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics (including economic status, lifestyle, and living conditions). 7.4% of Households in Arizona are High Income Households that make over $200,000 a year.NeighborhoodScout® uses the official government designation for neighborhoods - the census tract.Ĭensus tracts are small, relatively permanent subdivisions of a county that are defined by the U.S.The following data are the most current income statistics for Arizona from the US Census Bureau, are in 2021 inflation adjusted dollars and are from the American Community Survey 2021 5-year estimates. Click on the links above in the chart to see more income statistics for these wealthy Arizona zips codes or learn more about the highest income zip codes in the US. To identify the richest zip codes in Arizona, we downloaded the most current income data from the US Census Bureau, excluded zips with fewer than 500 people, excluded the zips with margins of error greater than 50% of the income estimate and sorted by mean income.
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