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Real Estate Prices & Overview

Foy Ln / Lakewood Dr median real estate price is $136,028, which is less expensive than 85.2% of Texas neighborhoods and 89.1% of all U.S. neighborhoods.

The average rental price in Foy Ln / Lakewood Dr is currently $1,571, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 63.7% of Texas neighborhoods.

Foy Ln / Lakewood Dr is an urban neighborhood (based on population density) located in Houston, Texas.

Foy Ln / Lakewood Dr real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Foy Ln / Lakewood Dr neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 7.6% in Foy Ln / Lakewood Dr. NeighborhoodScout analysis shows that this rate is lower than 50.3% 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.

Occupations

More people work in manufacturing and as laborers here in the Foy Ln / Lakewood Dr neighborhood than in 99.8% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

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 Foy Ln / Lakewood Dr neighborhood, is that an incredible 87.0% 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.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Foy Ln / Lakewood Dr neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 44.6% of the households here have four, five, or more cars. That is more cars per household than in 99.1% of the neighborhoods in the nation.

People

The Foy Ln / Lakewood Dr neighborhood is unique for having just 2.7% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 98.4% of America's neighborhoods.

Modes of Transportation

Our research shows that more people carpool to work here in the Foy Ln / Lakewood Dr (28.2%) than in 98.4% of the neighborhoods in America.

Diversity

Did you know that the Foy Ln / Lakewood Dr neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 70.6% of this neighborhood's residents have Mexican ancestry.

Foy Ln / Lakewood Dr is also pretty special linguistically. Significantly, 70.2% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.4% 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 Foy Ln / Lakewood Dr neighborhood in Houston are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 92.0% of U.S. neighborhoods. With 44.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 91.5% 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 Foy Ln / Lakewood Dr neighborhood, 58.5% 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 15.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.2%), and 11.9% in executive, management, and professional occupations.

Languages

The most common language spoken in the Foy Ln / Lakewood Dr neighborhood is Spanish, spoken by 70.2% of households. Some people also speak English (29.8%).

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 Foy Ln / Lakewood Dr neighborhood in Houston, TX, residents most commonly identify their ethnicity or ancestry as Mexican (70.6%). There are also a number of people of English ancestry (1.6%). In addition, 26.3% 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 Foy Ln / Lakewood Dr neighborhood spend between 45 minutes and one hour commuting one-way to work (37.7% of working residents), longer and tougher than most commutes in America.

Here most residents (64.9%) 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 (28.2%) . 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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