Terrace Dr / Brook Hollow median real estate price is $344,744, which is more expensive than 62.8% of the neighborhoods in Texas and 45.9% of the neighborhoods in the U.S.
The average rental price in Terrace Dr / Brook Hollow is currently $2,845, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 90.6% of the neighborhoods in Texas.
Terrace Dr / Brook Hollow is a suburban neighborhood (based on population density) located in DeSoto, Texas.
Terrace Dr / Brook Hollow real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Terrace Dr / Brook Hollow 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.
In Terrace Dr / Brook Hollow, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Terrace Dr / Brook Hollow is very tight compared to the demand for property here.
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 DeSoto, the Terrace Dr / Brook Hollow neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
With a real estate vacancy rate of only 0.0%, the Terrace Dr / Brook Hollow neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
Did you know that the Terrace Dr / Brook Hollow neighborhood has more Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 30.7% of this neighborhood's residents have Sub-Saharan African ancestry.
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 Terrace Dr / Brook Hollow neighborhood in DeSoto are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 50.3% of the neighborhoods in America. In addition, 0.6% 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 79.7% 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 Terrace Dr / Brook Hollow neighborhood, 44.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 23.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.4%), and 14.3% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The most common language spoken in the Terrace Dr / Brook Hollow neighborhood is English, spoken by 82.2% of households. Some people also speak Spanish (6.6%).
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 Terrace Dr / Brook Hollow neighborhood in DeSoto, TX, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (30.7%). There are also a number of people of Mexican ancestry (11.9%), and residents who report English roots (3.7%), and some of the residents are also of Asian ancestry (1.5%), along with some Norwegian ancestry residents (1.1%), among others. In addition, 10.3% 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 Terrace Dr / Brook Hollow neighborhood spend under 15 minutes commuting one-way to work (25.7% of working residents), one of the shortest commutes across America.
Here most residents (72.7%) 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.