Real Estate Prices and Overview
Abrams Rd / Royal Ln median real estate prices are $355,963, which is more expensive than 95.9% of the neighborhoods
in Texas and 83.8% of the
neighborhoods in the U.S.
Average rental prices in Abrams Rd / Royal Ln are currently
$2,187, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 99.1%
of the neighborhoods in Texas.
Abrams Rd / Royal Ln is a suburban neighborhood (based on population
density) located in Dallas, Texas.
Abrams Rd / Royal Ln real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes.
Most of the residential real estate is owner occupied. Many of
the residences in the Abrams Rd / Royal Ln neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Abrams Rd / Royal Ln, the current vacancy rate is 2.2%,
which is a lower rate of vacancies than 91.4% of all neighborhoods
in the U.S. This means that the housing supply in Abrams Rd / Royal Ln
is very tight compared to the demand for property here.
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 Dallas,
the Abrams Rd / Royal Ln neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: People
Astoundingly, NeighborhoodScout's research reveals that this single
neighborhood has a higher concentration of married couples living here
than 99.9% of all U.S. neighborhoods. Whether they have
school-aged children or not, married couples are the rule in the
Abrams Rd / Royal Ln neighborhood. If you are a married couple, you may find many
people here with a similar lifestyle, and perhaps common interests. But if
you are single, you might not find many other singles here.
In addition, 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 2.1% of America's neighborhoods are wealthier than the
Abrams Rd / Royal Ln 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.
As one would expect in a considerably wealthy neighborhood such as this,
Abrams Rd / Royal Ln also has one of the lowest ratings of child
poverty in the nation.
Also, the rate of college educated adults in the Abrams Rd / Royal Ln neighborhood
is a unique characteristic of the neighborhood. 80.2% of
adults here have received at least a 4-year bachelor's degree, compared to
the average neighborhood in America, which has 22.6% of the adults with a
bachelor's degree. The rate here is higher than NeighborhoodScout found in
99.1% of all U.S. neighborhoods.
Finally, a majority of the adults in the Abrams Rd / Royal Ln neighborhood
are wealthy and educated executives. They own stately
homes that tend to maintain high real estate appreciation rates. Their
upper-level careers keep them busy, but allow them to live comfortably.
If you're an executive and want to keep similar company, consider settling
in this neighborhood, rated as an executive lifestyle
"best choice" neighborhood for Texas by NeighborhoodScout's analysis,
which rated it as better for executive lifestyles than 98.6%
of the neighborhoods in Texas.
In addition to being an excellent choice for highly educated executives, this
neighborhood is also a very good choice for urban sophisticates , families with school-aged children and active retirees.
Notable & Unique: Occupations
The Abrams Rd / Royal Ln neighborhood has a higher proportion of
its residents employed as executives, managers and professionals than
99.7% of the neighborhoods in American. In fact, 79.8%
of the employed people here make a living as an executive, a manager, or
other professional. With such a high concentration, this truly shapes
the character of this neighborhood, and to a large degree defines what
this neighborhood is about.
Notable & Unique: Diversity
Did you know that the Abrams Rd / Royal Ln neighborhood has more
Romanian and Scottish ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.3% of
this neighborhood's residents have Romanian ancestry and 4.1% have Scottish ancestry.
Notable & Unique: Modes of Transportation
While most Americans do drive to work alone each day, the
Abrams Rd / Royal Ln neighborhood stands out by having 93.2% of commuters
doing so, which is a higher proportion of people driving alone to work
than NeighborhoodScout found in 95.0% of all American
Notable & Unique: Real Estate
In addition, owner-occupied real estate dominates the Abrams Rd / Royal Ln neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 99.9% of neighborhoods in America.
Furthermore, most neighborhoods are composed of a mixture of ages of homes, but the Abrams Rd / Royal Ln stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 97.3% of the residential real estate here was built in this one time period.
Also of note, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Abrams Rd / Royal Ln neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 99.1% of all American neighborhoods.
Finally, one way that the Abrams Rd / Royal Ln neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 98.0% 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.
The Neighbors: Income
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 Abrams Rd / Royal Ln neighborhood in Dallas 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 97.9% of the neighborhoods in America.
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 99.9%
of America's neighborhoods.
The Neighbors: Occupations
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 shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
In the Abrams Rd / Royal Ln neighborhood, 79.8%
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 13.6% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
The Neighbors: Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves,
Los Angeles' Persian neighborhoods. Each has its own culture derived primarily
from the ancestries and culture of the residents who call these neighborhoods
home. Likewise, each neighborhood in America has its own culture – some more
unique than others – based on lifestyle, occupations, the types of households
– and importantly – on the ethnicities and ancestries of the people who live
in the neighborhood. Understanding where people came from, who their grandparents
or great-grandparents were, can help you understand how a neighborhood is today.
In the Abrams Rd / Royal Ln neighborhood in Dallas, TX, residents
most commonly identify their ethnicity or ancestry as English
(14.2%). There are also a number of people of German ancestry (11.8%) , and residents who report Irish roots (8.8%) , and some of the residents are also of Scottish ancestry (4.1%) , along with some Italian ancestry residents (3.6%), among others.
The Neighbors: Languages
The most common language spoken in the Abrams Rd / Royal Ln
neighborhood is English, spoken by 95.7% of households. Some people also speak Spanish (2.4%).
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 Abrams Rd / Royal Ln neighborhood spend
between 15 and 30 minutes commuting one-way to work (53.2% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (93.2%) drive alone in a private automobile to get to work.
In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.