This is a small community in a single neighborhood.
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What do we mean by a neighborhood?
NeighborhoodScout® uses the official government designation for neighborhoods - the census tract.
Census tracts are small, relatively permanent subdivisions of a county that are defined by the U.S. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics (including economic status, lifestyle, and living conditions). Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us. Because census tracts are based on population, they vary in size depending on the density of settlement. In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas.
Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town. Then we named each census tract to the local colloquially recognized neighborhood name for that spot (e.g., Boston, MA (Dorchester). If there was not a name available, we named the census tract by the largest street intersection in the census tract (e.g., Worcester, MA (Lincoln St/Plantation St)
Why we don't use Zip Codes as neighborhoods
Zip codes were developed by the Postal Service for the purpose of delivering mail, but were never intended to define coherent neighborhoods. In addition, Zip Codes can have as many as 10 distinctly different census tracts contained within them. When distinct census tracts are blended together in a single Zip Code, the data reflects their average conditions and often gives a false sense of the area. The result is that potentially great matching neighborhoods can be missed, and erroneous matches can also be produced and delivered to you.
Using census tracts makes great matches possible, and helps people find the areas that are best for them and their families. Because we are committed to providing the highest possible quality and finding the neighborhoods that best meet your criteria, we use census tracts. And, as always, we show you the actual street map of the neighborhood so you know exactly where your best matching neighborhood is located.
What is a Condition Alert?
A condition alert is a condition in the neighborhood that triggers an alert. NeighborhoodScout contains condition alerts to highlight conditions that are extreme, whether good or bad. This helps answer crucial questions about the state of the neighborhood being evaluated, such as:
What are the risks of violent crime here?
Is the risk of home break-ins or other property crimes increasing?
Does real estate here hold its value?
Are the trends in local vacancies or unemployment concerning?
...and dozens more.
Information at a glance that you need to know to invest, appraise or finance a property.
Morgan's Point Resort is a very small city located in the state of Texas. With a population of 4,772 people and just one neighborhood, Morgan's Point Resort is the 402nd largest community in Texas. There's nothing like the smell of a brand new house, and in Morgan's Point Resort, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Morgan's Point Resort, and putting down their money on brand new construction. Morgan's Point Resort’s real estate is, on average, some of the newest in the nation. Morgan's Point Resort does seem to be experiencing an influx of affluent people, because the median household income is $77,000.00.
Occupations and Workforce
Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Morgan's Point Resort is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Morgan's Point Resort is a city of sales and office workers, professionals, and transportation and shipping workers. There are especially a lot of people living in Morgan's Point Resort who work in office and administrative support (13.39%), teaching (10.43%), and healthcare (10.26%).
Telecommuters are a relatively large percentage of the workforce: 7.35% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Setting & Lifestyle
Because of many things, Morgan's Point Resort is a great place for families with children to consider. First of all, many other families with children live here, making Morgan's Point Resort a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Morgan's Point Resort has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Morgan's Point Resort’s overall crime rate is lower than average for the country.
In Morgan's Point Resort, however, the average commute to work is quite long. On average, people spend 30.65 minutes each day getting to work, which is significantly higher than the national average.
As is often the case in a small city, Morgan's Point Resort doesn't have a public transportation system that people use for their commute.
Demographics
The education level of Morgan's Point Resort ranks among the highest in the nation. Of the 25-and-older adult population in Morgan's Point Resort, 41.82% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.
The per capita income in Morgan's Point Resort in 2018 was $37,434, which is upper middle income relative to Texas and the nation. This equates to an annual income of $149,736 for a family of four. However, Morgan's Point Resort contains both very wealthy and poor people as well.
Morgan's Point Resort is a very ethnically-diverse city. The people who call Morgan's Point Resort home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Morgan's Point Resort residents report their race to be White, followed by Asian. Morgan's Point Resort also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 16.69% of the city’s residents. Important ancestries of people in Morgan's Point Resort include German, English, Italian, Irish, and Czech.
The most common language spoken in Morgan's Point Resort is English. Other important languages spoken here include Spanish and West Germanic languages.
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 get around.
Real Estate
Owner-occupied real estate dominates the neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 98.2% of neighborhoods in America.
People
If you're planning where to retire, the neighborhood in Morgan's Point Resort is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in TX, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 87.9% of the neighborhoods in Texas. If you are considering retiring to Texas, this is a good neighborhood to look at.
Diversity
Did you know that the neighborhood has more Brazilian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.3% of this neighborhood's residents have Brazilian ancestry.
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 neighborhood in Morgan's Point Resort are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 59.1% of the neighborhoods in America. With 13.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 58.0% 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 neighborhood, 40.1% 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 23.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (23.3%), and 12.8% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the neighborhood is English, spoken by 94.1% of households. Some people also speak Spanish (5.7%).
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 neighborhood in Morgan's Point Resort, TX, residents most commonly identify their ethnicity or ancestry as Mexican (18.8%). There are also a number of people of German ancestry (15.6%), and residents who report English roots (15.3%), and some of the residents are also of Irish ancestry (6.4%), along with some French ancestry residents (4.5%), 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 neighborhood spend between 15 and 30 minutes commuting one-way to work (71.3% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (88.9%) 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.
SCOUT’s patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.
