South Ridge Lakes median real estate price is $1,302,641, which is more expensive than 98.7% of the neighborhoods in Texas and 94.4% of the neighborhoods in the U.S.
The average rental price in South Ridge Lakes is currently $2,556, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.9% of the neighborhoods in Texas.
South Ridge Lakes is a suburban neighborhood (based on population density) located in Southlake, Texas.
South Ridge Lakes real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the South Ridge Lakes 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.
Home and apartment vacancy rates are 6.8% in South Ridge Lakes. NeighborhoodScout analysis shows that this rate is lower than 55.1% of the neighborhoods in the nation, approximately near the middle range for vacancies.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
One way that the South Ridge Lakes neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.4% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
If you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 0.9% of America's neighborhoods are wealthier than the South Ridge Lakes neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
In addition, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the South Ridge Lakes neighborhood may actually hold the key. 74.6% of its residents are married, which is a higher percentage than is found in 98.9% of the neighborhoods in America.
Also, according to NeighborhoodScout's exclusive analysis, South Ridge Lakes is among the best neighborhoods for families in Texas. In fact, this neighborhood is more family-friendly than 97.3% of neighborhoods in the entire state of Texas. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the South Ridge Lakes neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for highly educated executives and urban sophisticates.
Finally, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 74.8% of the adults living in the South Ridge Lakes neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 96.0% of U.S. neighborhoods. In this way, this neighborhood truly stands out.
Did you know that the South Ridge Lakes neighborhood has more Brazilian and English ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.0% of this neighborhood's residents have Brazilian ancestry and 21.5% have English ancestry.
South Ridge Lakes is also pretty special linguistically. Significantly, 4.1% 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 97.7% of the neighborhoods in America.
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 South Ridge Lakes neighborhood in Southlake are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 99.1% of the neighborhoods in America. In addition, 1.2% 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 78.1% 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 South Ridge Lakes neighborhood, 68.9% 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 16.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (8.9%), and 6.2% 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 South Ridge Lakes neighborhood is English, spoken by 76.2% of households. Other important languages spoken here include Spanish, Vietnamese, Langs. of India and Chinese.
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 South Ridge Lakes neighborhood in Southlake, TX, residents most commonly identify their ethnicity or ancestry as English (21.5%). There are also a number of people of Asian ancestry (16.4%), and residents who report German roots (15.4%), and some of the residents are also of Irish ancestry (13.8%), along with some Mexican ancestry residents (6.2%), among others. In addition, 16.6% 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 South Ridge Lakes neighborhood spend between 15 and 30 minutes commuting one-way to work (32.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (69.3%) 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 (7.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.