Real Estate Prices and Overview
Fm 521 / W Orem Dr median real estate prices are $78,759, which is less expensive than 74.9% of Texas neighborhoods
and 86.6% of all U.S. neighborhoods.
Average rental prices in Fm 521 / W Orem Dr are currently
$965, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 77.2%
of the neighborhoods in Texas.
Fm 521 / W Orem Dr is a suburban neighborhood (based on population
density) located in Houston, Texas.
Fm 521 / W Orem Dr real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes.
Most of the residential real estate is owner occupied. Many of
the residences in the Fm 521 / W Orem Dr neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Fm 521 / W Orem Dr has a 17.1% vacancy rate, which is
well above average compared to other U.S. neighborhoods (higher than
79.2% 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
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.
Notable & Unique: Diversity
Significantly, 63.1% of its residents five years old and above primarily
speak Spanish at home. This is a higher percentage than 95.1% of all U.S. neighborhoods.
The Neighbors: Income
There are two complimentary 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 Fm 521 / W Orem Dr neighborhood in Houston are middle-income, making it a moderate income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 52.8% of the neighborhoods in America.
With 39.9% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 83.7%
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 Fm 521 / W Orem Dr neighborhood, 40.5%
of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is
manufacturing and laborer occupations, with 35.9% of the residents employed.
Other residents here are employed in executive, management, and professional occupations
(16.1%), and 7.5% 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 Fm 521 / W Orem Dr neighborhood in Houston, TX, residents
most commonly identify their ethnicity or ancestry as Mexican
(47.5%). In addition, 26.7% of the residents of this neighborhood were born in another country.
The Neighbors: Languages
The most common language spoken in the Fm 521 / W Orem Dr
neighborhood is Spanish, spoken by 63.1% of households. Some people also speak English (36.9%).
Getting to Work
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 Fm 521 / W Orem Dr neighborhood spend
between 30 and 45 minutes commuting one-way to work (43.8% of working
residents), which is at or a bit above the average length of a commute across all U.S.
Here most residents (71.9%) 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 (18.8%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.