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Real Estate Prices & Overview

Gus Thomasson Rd / Fern Dr median real estate price is $267,411, which is more expensive than 48.8% of the neighborhoods in Texas and 36.3% of the neighborhoods in the U.S.

The average rental price in Gus Thomasson Rd / Fern Dr is currently $1,782, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 48.0% of Texas neighborhoods.

Gus Thomasson Rd / Fern Dr is an urban neighborhood (based on population density) located in Dallas, Texas.

Gus Thomasson Rd / Fern Dr real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Gus Thomasson Rd / Fern Dr neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Gus Thomasson Rd / Fern Dr are 3.4%, which is lower than one will find in 77.8% of American neighborhoods. Demand for real estate in Gus Thomasson Rd / Fern Dr 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.

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 Dallas, the Gus Thomasson Rd / Fern Dr neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Gus Thomasson Rd / Fern Dr neighborhood, is that an incredible 96.6% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.

Diversity

Did you know that the Gus Thomasson Rd / Fern Dr neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 63.7% of this neighborhood's residents have Mexican ancestry.

Gus Thomasson Rd / Fern Dr is also pretty special linguistically. Significantly, 0.9% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 95.1% of the neighborhoods in America.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. More residents of the Gus Thomasson Rd / Fern Dr neighborhood live here today that also were living in this same neighborhood five years ago than is found in 95.5% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.

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 Gus Thomasson Rd / Fern Dr neighborhood in Dallas are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 64.9% of U.S. neighborhoods. With 11.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 53.5% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Gus Thomasson Rd / Fern Dr neighborhood, 37.1% of the working population is employed in manufacturing and laborer 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 26.1% of the residents employed. Other residents here are employed in executive, management, and professional occupations (21.8%), and 15.0% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Gus Thomasson Rd / Fern Dr neighborhood is Spanish, spoken by 50.6% of households. Some people also speak English (45.8%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Gus Thomasson Rd / Fern Dr neighborhood in Dallas, TX, residents most commonly identify their ethnicity or ancestry as Mexican (63.7%). There are also a number of people of German ancestry (4.6%), and residents who report English roots (4.4%), and some of the residents are also of Irish ancestry (2.5%), along with some Russian ancestry residents (1.2%), among others. In addition, 21.4% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Gus Thomasson Rd / Fern Dr neighborhood spend between 15 and 30 minutes commuting one-way to work (40.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (73.4%) 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 (19.0%) . 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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