A highly populated urban neighborhood in Rancho Santa Margarita, California, Santa Margarita Pky is home to approximately 20,000 people. Santa Margarita Pky real estate is mostly comprised of single-family homes and townhomes ranging in size from medium (three or four bedrooms) to small (studio to two bedrooms). The vast majority of residential real estate is owned and occupied by the property’s owner. Many of the dwellings in the Santa Margarita Pky neighborhood are established but not old, having been constructed between 1970 and 1999, according to the census. Between 1940 and 1969, a number of houses were constructed as well.
The current vacancy rate in Santa Margarita Pky is 1.8 percent, which is lower than the national average of 92.6 percent, which is lower than the national average of 92.6 percent in all neighborhoods in the United States.
College students will find the Santa Margarita Pky area to be a fantastic place to live, which is one of the neighborhood’s most unique aspects. It is an excellent neighborhood for prospective or currently enrolled college students because of its popularity among college students who already choose to live in the area, its walkability, and the neighborhood’s above-average protection against crime. If you come here between semesters or during school breaks, you’ll note that the level of enthusiasm varies depending on the college season you’re in.
The fact that this area has an above average safety rating allows parents of college-age children to feel secure despite the enthusiasm surrounding their children’s college years. The area is regarded as one of the most college-friendly places to reside in the state of California for each of the reasons listed above. Additionally, in addition to being a fantastic option for college students, this area is also a fantastic option for families with school-aged children and urban sophisticates.
Most neighborhoods are made up of a mix of different ages of houses, but Santa Margarita Pky is notable for having nearly all of its residential real estate built in a single time period, namely between 1970 and 1999, which is generally considered to be established, but not old housing, and thus stands out as somewhat unique.
The Santa Margarita Pky area has more people of Portuguese descent living in it than almost any other neighborhood in the United States. In fact, Portuguese heritage is represented by 2.2 percent of the population of this neighborhood.