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Real Estate Prices & Overview

The Homesteads median real estate price is $127,620, which is less expensive than 87.1% of Texas neighborhoods and 90.9% of all U.S. neighborhoods.

The average rental price in The Homesteads is currently $1,829, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 45.6% of Texas neighborhoods.

The Homesteads is a rural neighborhood (based on population density) located in Alvarado, Texas.

The Homesteads real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) mobile homes and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the The Homesteads 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.

The Homesteads has a 14.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 75.7% 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

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 get around.

Occupations

NeighborhoodScout's exclusive research identifies the The Homesteads neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 61.9% of its working residents employed in such fields, which is a higher proportion than 99.9% of American neighborhoods.

Real Estate

The The Homesteads neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 74.1% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.9% of the neighborhoods in the U.S. If you like mobile homes, this might be a great neighborhood in which to look for real estate.

Diversity

Did you know that the The Homesteads neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 59.4% of this neighborhood's residents have Mexican ancestry.

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 The Homesteads neighborhood in Alvarado are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 63.9% of U.S. neighborhoods. With 44.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 91.5% 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 The Homesteads neighborhood, 61.9% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 19.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (15.2%), and 3.4% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the The Homesteads neighborhood is Spanish, spoken by 56.1% of households. Other important languages spoken here include English and Italian.

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 The Homesteads neighborhood in Alvarado, TX, residents most commonly identify their ethnicity or ancestry as Mexican (59.4%). There are also a number of people of Irish ancestry (6.1%), and residents who report German roots (3.4%), and some of the residents are also of English ancestry (3.0%), along with some French ancestry residents (1.6%), among others. In addition, 13.5% of the residents of this neighborhood were born in another country.

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 The Homesteads neighborhood spend between 30 and 45 minutes commuting one-way to work (39.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (85.5%) drive alone in a private automobile to get to work. 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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