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Real Estate Prices & Overview

Downtown Area / Downtown Square median real estate price is $127,032, which is less expensive than 87.5% of Texas neighborhoods and 90.7% of all U.S. neighborhoods.

The average rental price in Downtown Area / Downtown Square is currently $1,382, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 78.4% of Texas neighborhoods.

Downtown Area / Downtown Square is a suburban neighborhood (based on population density) located in Tyler, Texas.

Downtown Area / Downtown Square real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Downtown Area / Downtown Square neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Vacant apartments or homes are a major fact of life in Downtown Area / Downtown Square. The current real estate vacancy rate here is 40.9%. This is higher than the rate of vacancies in 97.6% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually 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 Tyler, the Downtown Area / Downtown Square neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

An interesting characteristic about the Downtown Area / Downtown Square neighborhood is that there are more incarcerated people living here than 99.3% of neighborhoods in the U.S. The United States has the highest rate of incarceration in the world, currently with 1 out of every 100 adults in the country are incarcerated as a punishment for crimes committed. The extremely high incarceration rate of this neighborhood could mean that a prison, juvenile detention facility or other correctional facility occupies a large proportion of the neighborhood, or contains a large portion of the neighborhood's population.

Real Estate

87.5% of the real estate in the Downtown Area / Downtown Square neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America. Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 40.9% of the residential real estate vacant, the Downtown Area / Downtown Square neighborhood claims the distinction of having a higher vacancy rate than 97.6% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

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 Downtown Area / Downtown Square neighborhood. In the Downtown Area / Downtown Square neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.0% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

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 Downtown Area / Downtown Square neighborhood in Tyler are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 91.2% of U.S. neighborhoods. With 33.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 84.5% of U.S. neighborhoods.

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 sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Downtown Area / Downtown Square neighborhood, 31.4% 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 clerical, assistant, and tech support occupations, with 27.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (27.2%), and 13.9% in executive, management, and professional occupations.

Languages

The most common language spoken in the Downtown Area / Downtown Square neighborhood is English, spoken by 75.7% of households. Some people also speak Spanish (24.3%).

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 Downtown Area / Downtown Square neighborhood in Tyler, TX, residents most commonly identify their ethnicity or ancestry as Mexican (25.9%). There are also a number of people of German ancestry (10.7%), and residents who report Irish roots (10.0%), and some of the residents are also of English ancestry (5.1%), along with some French ancestry residents (2.7%), 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 Downtown Area / Downtown Square neighborhood spend between 15 and 30 minutes commuting one-way to work (55.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (70.2%) 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 (16.7%) and 8.2% of residents also hop out the door and walk to work for their daily commute. 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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