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Real Estate Prices & Overview

S 23rd St / FM 1016 median real estate price is $151,498, which is less expensive than 82.0% of Texas neighborhoods and 87.2% of all U.S. neighborhoods.

The average rental price in S 23rd St / FM 1016 is currently $1,381, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 80.9% of Texas neighborhoods.

S 23rd St / FM 1016 is a suburban neighborhood (based on population density) located in McAllen, Texas.

S 23rd St / FM 1016 real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the S 23rd St / FM 1016 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.

S 23rd St / FM 1016 has a 13.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 72.7% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

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 McAllen, the S 23rd St / FM 1016 neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

One of the unique characteristics of the S 23rd St / FM 1016 neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 99.5% of the neighborhoods in America.

In addition, the S 23rd St / FM 1016 neighborhood is unique for having just 2.1% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 98.6% of America's neighborhoods.

Modes of Transportation

In the S 23rd St / FM 1016 neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 26.9% of commuters carpool here, which is more than in 97.9% of all U.S. neighborhoods.

Real Estate

The S 23rd St / FM 1016 neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 97.7% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 95.7% of all neighborhoods in America.

Occupations

NeighborhoodScout's exclusive research identifies the S 23rd St / FM 1016 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 42.1% of its working residents employed in such fields, which is a higher proportion than 95.4% of American neighborhoods.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. More residents of the S 23rd St / FM 1016 neighborhood live here today that also were living in this same neighborhood five years ago than is found in 100.0% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.

Diversity

Did you know that the S 23rd St / FM 1016 neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 62.7% of this neighborhood's residents have Mexican ancestry.

S 23rd St / FM 1016 is also pretty special linguistically. Significantly, 94.4% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.8% of all U.S. neighborhoods.

The Neighbors

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 S 23rd St / FM 1016 neighborhood in McAllen are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.5% of U.S. neighborhoods. With 47.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 92.9% 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 S 23rd St / FM 1016 neighborhood, 42.1% of the working population is employed in manufacturing and laborer 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 28.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (14.9%), and 14.5% in executive, management, and professional occupations.

Languages

The most common language spoken in the S 23rd St / FM 1016 neighborhood is Spanish, spoken by 94.4% of households. Some people also speak English (5.6%).

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 S 23rd St / FM 1016 neighborhood in McAllen, TX, residents most commonly identify their ethnicity or ancestry as Mexican (62.7%). There are also a number of people of Irish ancestry (1.7%), and residents who report Sub-Saharan African roots (1.1%), and some of the residents are also of African ancestry (1.1%). In addition, 35.7% of the residents of this neighborhood were born in another country.

Getting to Work

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 S 23rd St / FM 1016 neighborhood spend between 15 and 30 minutes commuting one-way to work (42.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (73.1%) 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 (26.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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