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Real Estate Prices & Overview

W Rathgeber Rd / Stone Lake Dr median real estate price is $352,992, which is more expensive than 66.2% of the neighborhoods in Texas and 51.0% of the neighborhoods in the U.S.

The average rental price in W Rathgeber Rd / Stone Lake Dr is currently $923, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 98.3% of Texas neighborhoods.

W Rathgeber Rd / Stone Lake Dr is a suburban neighborhood (based on population density) located in Wichita Falls, Texas.

W Rathgeber Rd / Stone Lake Dr 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 occupied by a mixture of owners and renters. Many of the residences in the W Rathgeber Rd / Stone Lake Dr 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.

W Rathgeber Rd / Stone Lake Dr has a 14.9% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 77.7% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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.

People

If you are planning to retire in Texas, this neighborhood should be on your must-see list. For many reasons, W Rathgeber Rd / Stone Lake Dr may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Texas, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 99.5% of neighborhoods in TX. If a Texas retirement is in your future, this neighborhood should be one of the places you visit.

Diversity

Did you know that the W Rathgeber Rd / Stone Lake Dr neighborhood has more Croatian and Danish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.0% of this neighborhood's residents have Croatian ancestry and 3.3% have Danish 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 W Rathgeber Rd / Stone Lake Dr neighborhood in Wichita Falls are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 43.4% of the neighborhoods in America. In addition, 6.7% 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 59.4% of America'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 W Rathgeber Rd / Stone Lake Dr 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 21.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (12.9%), and 11.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the W Rathgeber Rd / Stone Lake Dr neighborhood is English, spoken by 93.0% of households. Some people also speak Spanish (3.1%).

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 W Rathgeber Rd / Stone Lake Dr neighborhood in Wichita Falls, TX, residents most commonly identify their ethnicity or ancestry as Irish (17.1%). There are also a number of people of German ancestry (15.6%), and residents who report English roots (8.9%), and some of the residents are also of Mexican ancestry (6.7%), along with some Puerto Rican ancestry residents (5.1%), 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 W Rathgeber Rd / Stone Lake Dr neighborhood spend between 15 and 30 minutes commuting one-way to work (52.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (80.5%) 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 (8.1%) . 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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