Real Estate Prices and Overview
N Marsalis Ave / E Colorado Blvd median real estate prices are $97,312, which is more expensive than 39.9% of the neighborhoods
in Texas and 22.8% of the
neighborhoods in the U.S.
Average rental prices in N Marsalis Ave / E Colorado Blvd are currently
$719, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 74.2% of Texas neighborhoods.
N Marsalis Ave / E Colorado Blvd is an urban neighborhood (based on population
density) located in Dallas, Texas.
N Marsalis Ave / E Colorado Blvd 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 N Marsalis Ave / E Colorado Blvd neighborhood are newer, built in 2000 or more recently. A number of residences were also built before 1940.
N Marsalis Ave / E Colorado Blvd has a 17.5% vacancy rate, which is
well above average compared to other U.S. neighborhoods (higher than
79.9% of American neighborhoods). This could either
signal that there is weak demand for real estate in the neighborhood,
or that much of the housing stock is seasonally occupied,
which can occur in some markets dominated by colleges or vacation homes.
Either way, if you live here year round, you will find many of the homes
or apartments are empty for all or a portion of the year.
Notable & Unique Neighborhood Characteristics
The way a neighborhood looks and feels when you walk or drive around it, from
its setting, its buildings, and its flavor, can make all the difference. This
neighborhood has some really cool things about the way it looks and feels as
revealed by NeighborhoodScout's exclusive research. This might include anything
from the housing stock to the types of households living here to how people
Notable & Unique: Diversity
Did you know that the N Marsalis Ave / E Colorado Blvd neighborhood has more
Mexican ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 63.2% of
this neighborhood's residents have Mexican ancestry.
N Marsalis Ave / E Colorado Blvd is also pretty special linguistically. Significantly, 69.8% of its residents five years old and above primarily
speak Spanish at home. This is a higher percentage than 96.2% of all U.S. neighborhoods.
Notable & Unique: Migration/Stability
Some neighborhoods have more internal cohesiveness than others. While other
neighborhoods feel like a collection of strangers who just happen to live
near each other. Sometimes this comes down to not only the personalities
of the people in a place, but how long people have been together in that
neighborhood. NeighborhoodScout's research has revealed some interesting
things about the rootedness of people in the N Marsalis Ave / E Colorado Blvd
What is interesting to note, is that the N Marsalis Ave / E Colorado Blvd
neighborhood has a greater percentage of residents born in another country
(46.3%) than are found in 96.6% of all U.S. neighborhoods.
Notable & Unique: Occupations
More people work in manufacturing and as laborers here in the N Marsalis Ave / E Colorado Blvd
neighborhood than in 96.5% of the neighborhoods in America. Despite
the loss of manufacturing jobs across the nation, this neighborhood remains
a place where, compared to other parts of the country, you will find many
laborers and manufacturers.
Notable & Unique: People
The N Marsalis Ave / E Colorado Blvd neighborhood has a greater percentage
of children living in poverty (60.6%) than found in
95.5% of all U.S. neighborhoods. Children living in poverty
is one of the challenges facing America, and the world, and in this
neighborhood in particular, the problem can be considered acute.
Notable & Unique: Real Estate
In addition, the N Marsalis Ave / E Colorado Blvd neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 90.4% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Furthermore, 86.0% of the real estate in the N Marsalis Ave / E Colorado Blvd neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Also of note, the real estate in the N Marsalis Ave / E Colorado Blvd neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 70.1% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 95.8% of American neighborhoods.
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 N Marsalis Ave / E Colorado Blvd neighborhood in Dallas are lower-middle income, making it a below average income neighborhood.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 83.0% of U.S. neighborhoods.
With 60.6% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 95.5%
of U.S. neighborhoods.
The Neighbors: Occupations
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 N Marsalis Ave / E Colorado Blvd neighborhood, 41.6%
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 26.3% of the residents employed.
Other residents here are employed in executive, management, and professional occupations
(21.0%), and 11.0% in clerical, assistant, and tech support occupations.
The Neighbors: 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 N Marsalis Ave / E Colorado Blvd neighborhood in Dallas, TX, residents
most commonly identify their ethnicity or ancestry as Mexican
(63.2%). There are also a number of people of German ancestry (2.3%) . In addition, 46.3% of the residents of this neighborhood were born in another country.
The Neighbors: Languages
The most common language spoken in the N Marsalis Ave / E Colorado Blvd
neighborhood is Spanish, spoken by 69.8% of households. Some people also speak English (29.7%).
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 N Marsalis Ave / E Colorado Blvd neighborhood spend
between 15 and 30 minutes commuting one-way to work (32.0% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (68.2%) 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 (12.1%) and 7.3% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.