Real Estate Prices and Overview
Pecan Grove median real estate prices are $243,716, which is more expensive than 89.0% of the neighborhoods
in Texas and 70.0% of the
neighborhoods in the U.S.
Average rental prices in Pecan Grove are currently
$966, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 77.5%
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
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: People
Wealth makes most things in life easier, and a few things harder.
If you are wealthy and enjoy keeping up with the Jones', this neighborhood
will interest you. In fact, according to NeighborhoodScout's research,
the Pecan Grove neighborhood is wealthier than 96.7%
of the neighborhoods in the United States. Residents here are truly in
a unique situation even when compared to other Americans, based on the
shear amount of wealth concentrated here. Even in times of economic
downturn, residents of this neighborhood, as a group, suffered less
and recovered more quickly. This is indeed a stand-out characteristic
of this neighborhood.
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
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 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
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 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
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 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.