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Real Estate Prices & Overview

Median real estate price in the City Center of Wake Village is $220,635, which is more expensive than 35.0% of the neighborhoods in Texas and 25.4% of the neighborhoods in the U.S.

The average rental price in Wake Village City Center is currently $1,414, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 78.5% of Texas neighborhoods.

Wake Village City Center is a suburban neighborhood (based on population density) located in Wake Village, Texas.

Real estate in the City Center of Wake Village, TX 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 City Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Wake Village City Center are 5.1%, which is lower than one will find in 65.5% of American neighborhoods. Demand for real estate in Wake Village City Center is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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 Wake Village, the City Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

While most Americans do drive to work alone each day, the Wake Village City Center neighborhood stands out by having 92.7% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 98.6% of all American neighborhoods.

People

Whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Wake Village City Center neighborhood has more single mother households than 97.3% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.

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 City Center neighborhood in Wake Village are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 81.2% of U.S. neighborhoods. With 19.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 67.6% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Wake Village City Center neighborhood, 39.6% 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 25.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.9%), and 17.5% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Wake Village City Center neighborhood is English, spoken by 92.9% of households. Some people also speak Spanish (5.1%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the City Center neighborhood in Wake Village, TX, residents most commonly identify their ethnicity or ancestry as English (9.0%). There are also a number of people of German ancestry (6.6%), and residents who report Mexican roots (6.5%), and some of the residents are also of French ancestry (2.5%), along with some Scottish ancestry residents (2.3%), 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 Wake Village City Center neighborhood spend under 15 minutes commuting one-way to work (53.9% of working residents), one of the shortest commutes across America.

Here most residents (92.7%) 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 (6.0%) . 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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