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Real Estate Prices & Overview

S 23rd St / FM 1016 median real estate price is $154,478, which is less expensive than 80.5% of Texas neighborhoods and 85.5% of all U.S. neighborhoods.

The average rental price in S 23rd St / FM 1016 is currently $1,292, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 84.9% of Texas neighborhoods.

S 23rd St / FM 1016 is a suburban neighborhood (based on population density) located in McAllen, Texas.

S 23rd St / FM 1016 real estate 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 S 23rd St / FM 1016 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.

S 23rd St / FM 1016 has a 13.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 72.7% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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 McAllen, the S 23rd St / FM 1016 neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

One of the unique characteristics of the S 23rd St / FM 1016 neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 99.5% of the neighborhoods in America.

In addition, neighborhoodScout's exclusive research revealed that 97.9% of the adult residents in the S 23rd St / FM 1016 neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 98.6% of the neighborhoods in America.

Modes of Transportation

Our research shows that more people carpool to work here in the S 23rd St / FM 1016 (26.9%) than in 97.9% of the neighborhoods in America.

Real Estate

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 S 23rd St / FM 1016 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 95.7% of all American neighborhoods.

Occupations

More people work in manufacturing and as laborers here in the S 23rd St / FM 1016 neighborhood than in 95.4% 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.

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 S 23rd St / FM 1016 neighborhood. More residents of the S 23rd St / FM 1016 neighborhood live here today that also were living in this same neighborhood five years ago than is found in 100.0% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.

Diversity

Did you know that the S 23rd St / FM 1016 neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 62.7% of this neighborhood's residents have Mexican ancestry.

S 23rd St / FM 1016 is also pretty special linguistically. Significantly, 94.4% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.8% of all U.S. neighborhoods.

The Neighbors

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 S 23rd St / FM 1016 neighborhood in McAllen are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.5% of U.S. neighborhoods. With 47.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 92.9% 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 S 23rd St / FM 1016 neighborhood, 42.1% 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 28.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (14.9%), and 14.5% in executive, management, and professional occupations.

Languages

The most common language spoken in the S 23rd St / FM 1016 neighborhood is Spanish, spoken by 94.4% of households. Some people also speak English (5.6%).

Ethnicity / Ancestry

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 S 23rd St / FM 1016 neighborhood in McAllen, TX, residents most commonly identify their ethnicity or ancestry as Mexican (62.7%). There are also a number of people of Irish ancestry (1.7%), and residents who report Sub-Saharan African roots (1.1%), and some of the residents are also of African ancestry (1.1%). In addition, 35.7% of the residents of this neighborhood were born in another country.

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 S 23rd St / FM 1016 neighborhood spend between 15 and 30 minutes commuting one-way to work (42.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (73.1%) 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 (26.9%) . 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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