The Strand Lofts / Galveston Electric Company Lofts median real estate price is $419,912, which is more expensive than 74.2% of the neighborhoods in Texas and 57.8% of the neighborhoods in the U.S.
The average rental price in The Strand Lofts / Galveston Electric Company Lofts is currently $1,567, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 66.7% of Texas neighborhoods.
The Strand Lofts / Galveston Electric Company Lofts is a suburban neighborhood (based on population density) located in Galveston, Texas.
The Strand Lofts / Galveston Electric Company Lofts real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 The Strand Lofts / Galveston Electric Company Lofts neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in The Strand Lofts / Galveston Electric Company Lofts. The current real estate vacancy rate here is 31.9%. This is higher than the rate of vacancies in 95.5% 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.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
People
In a nation where 1 out of every 4 children lives in poverty, the The Strand Lofts / Galveston Electric Company Lofts neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, one of the really interesting characteristics about the The Strand Lofts / Galveston Electric Company Lofts neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 3.5% of college-friendly places to live in the state of Texas.
Modes of Transportation
If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 12.9% of residents in the The Strand Lofts / Galveston Electric Company Lofts neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 99.8% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Also, more people in The Strand Lofts / Galveston Electric Company Lofts choose to walk to work each day (13.1%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Occupations
There are more people living in the The Strand Lofts / Galveston Electric Company Lofts neighborhood employed as sales and service workers (60.6%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.
Real Estate
Despite all of the residential real estate here in the The Strand Lofts / Galveston Electric Company Lofts neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 31.9%, which is higher than 95.5% of all U.S. neighborhoods.
In addition, the The Strand Lofts / Galveston Electric Company Lofts 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 82.1% 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.
Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The The Strand Lofts / Galveston Electric Company Lofts neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 67.0% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 98.0% of the neighborhoods in the United States.
Diversity
Did you know that the The Strand Lofts / Galveston Electric Company Lofts neighborhood has more Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.8% of this neighborhood's residents have Iranian ancestry.
The Strand Lofts / Galveston Electric Company Lofts is also pretty special linguistically. Significantly, 0.6% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 95.3% of the neighborhoods in America.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the The Strand Lofts / Galveston Electric Company Lofts neighborhood in Galveston are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 82.8% of U.S. neighborhoods. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the The Strand Lofts / Galveston Electric Company Lofts neighborhood, 44.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 39.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (10.3%), and 7.2% in government jobs, whether they are in local, state, or federal positions.
Languages
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 The Strand Lofts / Galveston Electric Company Lofts neighborhood is English, spoken by 72.8% of households. Other important languages spoken here include Spanish and Italian.
Ethnicity / Ancestry
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 The Strand Lofts / Galveston Electric Company Lofts neighborhood in Galveston, TX, residents most commonly identify their ethnicity or ancestry as Irish (19.1%). There are also a number of people of English ancestry (14.1%), and residents who report Mexican roots (13.3%), and some of the residents are also of German ancestry (8.6%), along with some Italian ancestry residents (5.8%), among others.
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 The Strand Lofts / Galveston Electric Company Lofts neighborhood spend under 15 minutes commuting one-way to work (45.8% of working residents), one of the shortest commutes across America.
Here most residents (47.4%) 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 (18.7%) and 13.1% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
