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Real Estate Prices & Overview

Arrowwood / Leffler Commercial median real estate price is $417,898, which is more expensive than 75.9% of the neighborhoods in Texas and 60.2% of the neighborhoods in the U.S.

The average rental price in Arrowwood / Leffler Commercial is currently $2,488, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.0% of the neighborhoods in Texas.

Arrowwood / Leffler Commercial is an urban neighborhood (based on population density) located in Austin, Texas.

Arrowwood / Leffler Commercial real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Arrowwood / Leffler Commercial 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.

Home and apartment vacancy rates are 7.8% in Arrowwood / Leffler Commercial. NeighborhoodScout analysis shows that this rate is lower than 49.1% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 Austin, the Arrowwood / Leffler Commercial neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Renter-occupied real estate is dominant in the Arrowwood / Leffler Commercial neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 87.2%, which is higher than 96.0% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

Diversity

Did you know that the Arrowwood / Leffler Commercial neighborhood has more Brazilian and Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.7% of this neighborhood's residents have Brazilian ancestry and 34.7% have Asian ancestry.

Arrowwood / Leffler Commercial is also pretty special linguistically. Significantly, 10.7% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 99.3% of the neighborhoods in America.

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 Arrowwood / Leffler Commercial neighborhood in Austin are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 70.2% of the neighborhoods in America. In addition, 8.2% 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 55.2% 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 Arrowwood / Leffler Commercial neighborhood, 66.9% 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 23.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (5.9%), and 3.9% 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 Arrowwood / Leffler Commercial neighborhood is English, spoken by 58.9% of households. Other important languages spoken here include Langs. of India and Spanish.

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 Arrowwood / Leffler Commercial neighborhood in Austin, TX, residents most commonly identify their ethnicity or ancestry as Asian (34.7%). There are also a number of people of Irish ancestry (9.9%), and residents who report English roots (7.3%), and some of the residents are also of German ancestry (7.3%), along with some Mexican ancestry residents (5.5%), among others. In addition, 37.6% 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 Arrowwood / Leffler Commercial neighborhood spend between 15 and 30 minutes commuting one-way to work (34.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (67.6%) 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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