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Real Estate Prices & Overview

Hot Wells median real estate price is $115,502, which is less expensive than 91.2% of Texas neighborhoods and 93.6% of all U.S. neighborhoods.

The average rental price in Hot Wells is currently $1,315, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 82.2% of Texas neighborhoods.

Hot Wells is a suburban neighborhood (based on population density) located in San Antonio, Texas.

Hot Wells 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Hot Wells neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.

Hot Wells has a 10.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 63.6% 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 San Antonio, the Hot Wells neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Astoundingly, the Hot Wells neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 99.1% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular San Antonio neighborhood.

In addition, the Hot Wells neighborhood stands out for having an average per capita income lower than 97.5% of the neighborhoods in the United States.

Also, neighborhoodScout's exclusive research revealed that 93.5% of the adult residents in the Hot Wells neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 96.1% of the neighborhoods in America.

Diversity

Did you know that the Hot Wells neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 64.9% of this neighborhood's residents have Mexican ancestry.

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 Hot Wells neighborhood in San Antonio are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.5% of U.S. neighborhoods. With 13.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 58.6% 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 Hot Wells neighborhood, 32.3% 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 30.5% of the residents employed. Other residents here are employed in executive, management, and professional occupations (19.0%), and 18.2% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Hot Wells neighborhood is English, spoken by 62.6% of households. Some people also speak Spanish (37.3%).

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 Hot Wells neighborhood in San Antonio, TX, residents most commonly identify their ethnicity or ancestry as Mexican (64.9%). There are also a number of people of German ancestry (8.2%), and residents who report Irish roots (5.0%), and some of the residents are also of Spanish ancestry (2.9%), along with some French ancestry residents (1.6%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Hot Wells neighborhood spend between 30 and 45 minutes commuting one-way to work (43.3% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (75.8%) 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 (14.6%) . 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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