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Real Estate Prices & Overview

Loma Park / Colonia del Carmen median real estate price is $150,372, which is less expensive than 79.2% of Texas neighborhoods and 84.8% of all U.S. neighborhoods.

The average rental price in Loma Park / Colonia del Carmen is currently $1,496, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 69.7% of Texas neighborhoods.

Loma Park / Colonia del Carmen is a suburban neighborhood (based on population density) located in El Paso, Texas.

Loma Park / Colonia del Carmen real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Loma Park / Colonia del Carmen 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 7.3% in Loma Park / Colonia del Carmen. NeighborhoodScout analysis shows that this rate is lower than 52.2% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

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.

People

The Loma Park / Colonia del Carmen neighborhood stands out for having an average per capita income lower than 95.4% of the neighborhoods in the United States.

Diversity

Did you know that the Loma Park / Colonia del Carmen neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 91.7% of this neighborhood's residents have Mexican ancestry.

Loma Park / Colonia del Carmen is also pretty special linguistically. Significantly, 78.3% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.4% of all U.S. neighborhoods.

The Neighbors

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 Loma Park / Colonia del Carmen neighborhood in El Paso are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.4% of U.S. neighborhoods. With 50.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 94.2% of U.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 Loma Park / Colonia del Carmen neighborhood, 34.1% 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 31.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.9%), and 14.1% in executive, management, and professional occupations.

Languages

The most common language spoken in the Loma Park / Colonia del Carmen neighborhood is Spanish, spoken by 78.3% of households. Some people also speak English (21.7%).

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 Loma Park / Colonia del Carmen neighborhood in El Paso, TX, residents most commonly identify their ethnicity or ancestry as Mexican (91.7%). There are also a number of people of German ancestry (2.3%), and residents who report Irish roots (1.1%). In addition, 19.8% 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 Loma Park / Colonia del Carmen neighborhood spend under 15 minutes commuting one-way to work (40.8% of working residents), one of the shortest commutes across America.

Here most residents (80.9%) 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 (9.6%) . 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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