Real Estate Prices and Overview
Pecan Grove median real estate prices are $243,716, which is more expensive than 88.9% of the neighborhoods
in Texas and 70.0% of the
neighborhoods in the U.S.
Average rental prices in Pecan Grove are currently
$1,143, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 77.1%
of the neighborhoods in Texas.
Pecan Grove is a suburban neighborhood (based on population
density) located in Richmond, Texas.
Pecan Grove real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more 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 Pecan Grove 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.
In Pecan Grove, the current vacancy rate is 3.4%,
which is a lower rate of vacancies than 85.6% of all neighborhoods
in the U.S. This means that the housing supply in Pecan Grove
is very tight compared to the demand for property here.
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: People
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 3.3% of America's neighborhoods are wealthier than the
Pecan Grove 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.
In addition, a majority of the adults in the Pecan Grove 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 95.6%
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 families with school-aged children and urban sophisticates.
Notable & Unique: Diversity
Did you know that the Pecan Grove neighborhood has more
Slovak ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 0.9% of
this neighborhood's residents have Slovak ancestry.
Notable & Unique: Real Estate
In addition, one way that the Pecan Grove neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 96.3% 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
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 Pecan Grove neighborhood in Richmond 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 96.7% of the neighborhoods in America.
In addition, 10.6% 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 61.1%
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 Pecan Grove neighborhood, 54.1%
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 29.7% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(11.2%), and 5.0% in manufacturing and laborer 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 Pecan Grove neighborhood in Richmond, TX, residents
most commonly identify their ethnicity or ancestry as German
(14.0%). There are also a number of people of English ancestry (9.7%) , and residents who report Mexican roots (8.7%) , and some of the residents are also of Asian ancestry (4.3%) , along with some Italian ancestry residents (3.8%), among others.
The Neighbors: Languages
The most common language spoken in the Pecan Grove
neighborhood is English, spoken by 88.3% of households. Some people also speak Spanish (8.6%).
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 Pecan Grove neighborhood spend
between 15 and 30 minutes commuting one-way to work (36.7% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (90.6%) 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 (6.3%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.