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Real Estate Prices & Overview

Magnolia Park median real estate price is $106,046, which is less expensive than 89.6% of Texas neighborhoods and 92.3% of all U.S. neighborhoods.

The average rental price in Magnolia Park is currently $1,261, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 92.9% of Texas neighborhoods.

Magnolia Park is an urban neighborhood (based on population density) located in Houston, Texas.

Magnolia Park real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Magnolia Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Vacant apartments or homes are a major fact of life in Magnolia Park. The current real estate vacancy rate here is 22.6%. This is higher than the rate of vacancies in 89.1% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Occupations

More people work in manufacturing and as laborers here in the Magnolia Park neighborhood than in 98.7% 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.

Modes of Transportation

In the Magnolia Park neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 29.0% of commuters carpool here, which is more than in 98.7% of all U.S. neighborhoods.

Also, in the Magnolia Park neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 19.1% of residents here. This is a higher proportion of walking commuters than we found in 98.0% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Diversity

Did you know that the Magnolia Park neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 93.2% of this neighborhood's residents have Mexican ancestry.

Magnolia Park is also pretty special linguistically. Significantly, 87.9% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.3% 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 Magnolia Park 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 86.4% of U.S. neighborhoods. With 18.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 65.5% 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 Magnolia Park neighborhood, 49.1% 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 24.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (21.7%), and 5.3% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Magnolia Park neighborhood is Spanish, spoken by 87.9% of households. Some people also speak English (12.1%).

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 Magnolia Park neighborhood in Houston, TX, residents most commonly identify their ethnicity or ancestry as Mexican (93.2%). In addition, 36.0% 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 Magnolia Park neighborhood spend under 15 minutes commuting one-way to work (35.5% of working residents), one of the shortest commutes across America.

Here most residents (38.8%) 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 (29.0%) and 19.1% of residents also hop out the door and walk to work for their daily commute. 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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