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Real Estate Prices & Overview

Richard Lee / Las Placitas del Rey median real estate price is $60,784, which is less expensive than 98.2% of Texas neighborhoods and 98.5% of all U.S. neighborhoods.

The average rental price in Richard Lee / Las Placitas del Rey is currently $1,904, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 60.4% of the neighborhoods in Texas.

Richard Lee / Las Placitas del Rey is a rural neighborhood (based on population density) located in El Paso, Texas.

Richard Lee / Las Placitas del Rey real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) mobile homes and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Richard Lee / Las Placitas del Rey 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 Richard Lee / Las Placitas del Rey, 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 Richard Lee / Las Placitas del Rey is very tight compared to the demand for property here.

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 El Paso, the Richard Lee / Las Placitas del Rey neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

With a real estate vacancy rate of only 0.0%, the Richard Lee / Las Placitas del Rey 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.

In addition, the Richard Lee / Las Placitas del Rey neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 53.3% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.3% of the neighborhoods in the U.S. If you like mobile homes, this might be a great neighborhood in which to look for real estate.

People

Astoundingly, the Richard Lee / Las Placitas del Rey neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 97.4% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular El Paso neighborhood.

Diversity

Did you know that the Richard Lee / Las Placitas del Rey neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 86.3% of this neighborhood's residents have Mexican ancestry.

Richard Lee / Las Placitas del Rey is also pretty special linguistically. Significantly, 84.0% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.0% of all U.S. neighborhoods.

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 Richard Lee / Las Placitas del Rey 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 94.4% of U.S. neighborhoods. With 23.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 74.1% 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 Richard Lee / Las Placitas del Rey neighborhood, 32.7% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 29.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (25.0%), and 13.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Richard Lee / Las Placitas del Rey neighborhood is Spanish, spoken by 84.0% of households. Some people also speak English (16.0%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Richard Lee / Las Placitas del Rey neighborhood in El Paso, TX, residents most commonly identify their ethnicity or ancestry as Mexican (86.3%). In addition, 35.8% 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 Richard Lee / Las Placitas del Rey neighborhood spend between 15 and 30 minutes commuting one-way to work (33.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (75.5%) 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 (19.7%) . 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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