Oaks on Montfort East median real estate price is $560,324, which is more expensive than 86.4% of the neighborhoods in Texas and 71.7% of the neighborhoods in the U.S.
The average rental price in Oaks on Montfort East is currently $1,970, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 62.3% of the neighborhoods in Texas.
Oaks on Montfort East is a densely urban neighborhood (based on population density) located in Dallas, Texas.
Oaks on Montfort East real estate is primarily made up of small (studio to two bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Oaks on Montfort East neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Vacant apartments or homes are a major fact of life in Oaks on Montfort East. The current real estate vacancy rate here is 17.3%. This is higher than the rate of vacancies in 82.6% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Dallas, the Oaks on Montfort East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The Oaks on Montfort East neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 100.0% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
In addition, most neighborhoods are composed of a mixture of ages of homes, but the Oaks on Montfort East stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 97.0% of the residential real estate here was built in this one time period.
Furthermore, renter-occupied real estate is dominant in the Oaks on Montfort East neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 100.0%, which is higher than 99.3% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Also of note, the real estate in the Oaks on Montfort East neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 87.3% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.8% of American neighborhoods.
Finally, the Oaks on Montfort East neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 37,476 persons per square mile in the neighborhood, it is more packed with people than 97.7% of the nation's neighborhoods.
NeighborhoodScout's exclusive research identifies the Oaks on Montfort East 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 46.3% of its working residents employed in such fields, which is a higher proportion than 97.8% of American neighborhoods.
Our research shows that more people carpool to work here in the Oaks on Montfort East (24.6%) than in 96.9% of the neighborhoods in America.
With a nice mix of college students, safety from crime, and decent walkability, the Oaks on Montfort East neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 88.7% of the neighborhoods in TX. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.
Significantly, 11.2% of its residents five years old and above primarily speak Vietnamese at home. While this may seem like a small percentage, it is higher than 99.5% of the neighborhoods in America.
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Oaks on Montfort East neighborhood. What is interesting to note, is that the Oaks on Montfort East neighborhood has a greater percentage of residents born in another country (55.4%) than are found in 98.6% of all U.S. neighborhoods.
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 Oaks on Montfort East neighborhood in Dallas are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 78.4% of U.S. neighborhoods. With 24.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 75.1% 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 Oaks on Montfort East neighborhood, 46.3% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 25.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (18.1%), and 10.5% in clerical, assistant, and tech support occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Oaks on Montfort East neighborhood is Spanish, spoken by 57.7% of households. Other important languages spoken here include English, Vietnamese and African languages.
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 Oaks on Montfort East neighborhood in Dallas, TX, residents most commonly identify their ethnicity or ancestry as Mexican (26.7%). There are also a number of people of Asian ancestry (20.5%), and residents who report Sub-Saharan African roots (5.2%), and some of the residents are also of German ancestry (1.1%), along with some Irish ancestry residents (1.1%), among others. In addition, 55.4% of the residents of this neighborhood were born in another country.
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 Oaks on Montfort East neighborhood spend between 15 and 30 minutes commuting one-way to work (63.6% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (66.5%) 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 (24.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.