W Northwest Hwy / Lakefield Blvd median real estate price is $1,019,339, which is more expensive than 98.1% of the neighborhoods in Texas and 92.5% of the neighborhoods in the U.S.
The average rental price in W Northwest Hwy / Lakefield Blvd is currently $1,482, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 70.8% of Texas neighborhoods.
W Northwest Hwy / Lakefield Blvd is a densely urban neighborhood (based on population density) located in Dallas, Texas.
W Northwest Hwy / Lakefield Blvd 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 W Northwest Hwy / Lakefield Blvd 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 Northwest Hwy / Lakefield Blvd has a 11.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 66.7% 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.
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.
Occupations
NeighborhoodScout's exclusive research identifies the W Northwest Hwy / Lakefield Blvd 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 62.9% of its working residents employed in such fields, which is a higher proportion than 99.9% of American neighborhoods.
Modes of Transportation
Our research shows that more people carpool to work here in the W Northwest Hwy / Lakefield Blvd (43.8%) than in 99.9% of the neighborhoods in America.
Real Estate
98.6% of the real estate in the W Northwest Hwy / Lakefield Blvd neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
In addition, most neighborhoods are composed of a mixture of ages of homes, but the W Northwest Hwy / Lakefield Blvd 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, 91.9% of the residential real estate here was built in this one time period.
Furthermore, the W Northwest Hwy / Lakefield Blvd neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 93.1% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Also of note, one of the really unique and interesting things about the look and setting of the W Northwest Hwy / Lakefield Blvd neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 91.5% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 98.4% of all neighborhoods in America.
People
The W Northwest Hwy / Lakefield Blvd neighborhood is unique for having just 3.1% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 98.3% of America's neighborhoods.
In addition, the W Northwest Hwy / Lakefield Blvd neighborhood has a greater percentage of children living in poverty (67.2%) than found in 98.1% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.
Car Ownership
American households most often have a car, and regularly they have two or three. But households in the W Northwest Hwy / Lakefield Blvd neighborhood buck this trend. 26.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.6% of U.S. neighborhoods.
Migration / Stability
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the W Northwest Hwy / Lakefield Blvd neighborhood has a greater percentage of residents born in another country (49.9%) than are found in 97.6% of all U.S. neighborhoods.
Diversity
Did you know that the W Northwest Hwy / Lakefield Blvd 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.
W Northwest Hwy / Lakefield Blvd is also pretty special linguistically. Significantly, 89.3% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.5% of all U.S. neighborhoods.
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 W Northwest Hwy / Lakefield Blvd neighborhood in Dallas are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 87.4% of U.S. neighborhoods. With 67.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.1% 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 W Northwest Hwy / Lakefield Blvd neighborhood, 62.9% 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 30.3% of the residents employed. Other residents here are employed in executive, management, and professional occupations (4.6%), and 2.2% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the W Northwest Hwy / Lakefield Blvd neighborhood is Spanish, spoken by 89.3% of households. Some people also speak English (10.1%).
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 W Northwest Hwy / Lakefield Blvd neighborhood in Dallas, TX, residents most commonly identify their ethnicity or ancestry as Mexican (59.4%). There are also a number of people of Puerto Rican ancestry (4.2%), and residents who report German roots (2.6%), and some of the residents are also of Italian ancestry (2.0%). In addition, 49.9% 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 W Northwest Hwy / Lakefield Blvd neighborhood spend between 30 and 45 minutes commuting one-way to work (30.8% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (46.3%) 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 (43.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
