The Park At Spicewood Springs / Northwest Balcones median real estate price is $780,018, which is more expensive than 95.8% of the neighborhoods in Texas and 88.1% of the neighborhoods in the U.S.
The average rental price in The Park At Spicewood Springs / Northwest Balcones is currently $2,790, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.1% of the neighborhoods in Texas.
The Park At Spicewood Springs / Northwest Balcones is a suburban neighborhood (based on population density) located in Austin, Texas.
The Park At Spicewood Springs / Northwest Balcones real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the The Park At Spicewood Springs / Northwest Balcones 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.
Real estate vacancies in The Park At Spicewood Springs / Northwest Balcones are 6.1%, which is lower than one will find in 61.1% of American neighborhoods. Demand for real estate in The Park At Spicewood Springs / Northwest Balcones is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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 The Park At Spicewood Springs / Northwest Balcones neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the The Park At Spicewood Springs / Northwest Balcones neighborhood is wealthier than 98.4% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood. As one would expect in a considerably wealthy neighborhood such as this, The Park At Spicewood Springs / Northwest Balcones also has one of the lowest ratings of child poverty in the nation.
In addition, a majority of the adults in the The Park At Spicewood Springs / Northwest Balcones neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for Texas by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 99.8% of the neighborhoods in Texas. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for urban sophisticates, families with school-aged children and active retirees.
Also, astoundingly, NeighborhoodScout's research reveals that this single neighborhood has a higher concentration of married couples living here than 98.0% of all U.S. neighborhoods. Whether they have school-aged children or not, married couples are the rule in the The Park At Spicewood Springs / Northwest Balcones neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests. But if you are single, you might not find many other singles here.
Finally, the rate of college educated adults in the The Park At Spicewood Springs / Northwest Balcones neighborhood is a unique characteristic of the neighborhood. 77.7% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 33.7% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 97.2% of all U.S. neighborhoods.
Most neighborhoods are composed of a mixture of ages of homes, but the The Park At Spicewood Springs / Northwest Balcones stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 88.2% of the residential real estate here was built in this one time period.
In addition, one way that the The Park At Spicewood Springs / Northwest Balcones neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 96.0% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
Executives, managers and professionals make up 72.4% of the workforce in the The Park At Spicewood Springs / Northwest Balcones neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 97.0% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Did you know that the The Park At Spicewood Springs / Northwest Balcones neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 33.9% of this neighborhood's residents have Asian ancestry.
The Park At Spicewood Springs / Northwest Balcones is also pretty special linguistically. Significantly, 5.9% 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 97.9% of the neighborhoods in America.
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 The Park At Spicewood Springs / Northwest Balcones neighborhood in Austin are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 98.4% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America'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 The Park At Spicewood Springs / Northwest Balcones neighborhood, 72.4% 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 17.8% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (6.9%), and 5.3% in clerical, assistant, and tech support occupations.
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 Park At Spicewood Springs / Northwest Balcones neighborhood is English, spoken by 68.6% of households. Other important languages spoken here include Chinese, Langs. of India, Vietnamese and Spanish.
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 The Park At Spicewood Springs / Northwest Balcones neighborhood in Austin, TX, residents most commonly identify their ethnicity or ancestry as Asian (33.9%). There are also a number of people of German ancestry (11.5%), and residents who report English roots (10.7%), and some of the residents are also of Irish ancestry (10.3%), along with some Mexican ancestry residents (4.6%), among others. In addition, 28.5% of the residents of this neighborhood were born in another country.
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 Park At Spicewood Springs / Northwest Balcones neighborhood spend between 15 and 30 minutes commuting one-way to work (34.9% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (71.5%) 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.