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Real Estate Prices & Overview

Cashion Community median real estate price is $172,094, which is less expensive than 76.0% of Texas neighborhoods and 82.4% of all U.S. neighborhoods.

The average rental price in Cashion Community is currently $1,297, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 84.5% of Texas neighborhoods.

Cashion Community is a remote neighborhood (based on population density) located in Wichita Falls, Texas.

Cashion Community real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Cashion Community neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Cashion Community. The current real estate vacancy rate here is 18.7%. This is higher than the rate of vacancies in 85.0% 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 Wichita Falls, the Cashion Community neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

The Cashion Community neighborhood stands out for having an average per capita income lower than 97.0% of the neighborhoods in the United States.

Diversity

Did you know that the Cashion Community neighborhood has more Yugoslav ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.1% of this neighborhood's residents have Yugoslav ancestry.

Cashion Community is also pretty special linguistically. Significantly, 0.4% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 97.3% of the neighborhoods in America.

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 Cashion Community neighborhood in Wichita Falls are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.0% of U.S. neighborhoods. With 33.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 84.7% 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 Cashion Community neighborhood, 33.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 26.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (25.2%), and 15.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Cashion Community neighborhood is English, spoken by 88.5% of households. Some people also speak Spanish (10.8%).

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 Cashion Community neighborhood in Wichita Falls, TX, residents most commonly identify their ethnicity or ancestry as Mexican (17.7%). There are also a number of people of German ancestry (13.7%), and residents who report English roots (12.0%), and some of the residents are also of Irish ancestry (9.4%), along with some Asian ancestry residents (3.1%), among others.

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 Cashion Community neighborhood spend between 15 and 30 minutes commuting one-way to work (61.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (85.5%) 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 (7.3%) . 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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