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Real Estate Prices & Overview

Meadowlands / Loma Bonita median real estate price is $225,480, which is more expensive than 38.0% of the neighborhoods in Texas and 28.4% of the neighborhoods in the U.S.

The average rental price in Meadowlands / Loma Bonita is currently $1,825, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 44.9% of Texas neighborhoods.

Meadowlands / Loma Bonita is an urban neighborhood (based on population density) located in Laredo, Texas.

Meadowlands / Loma Bonita 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 owner occupied. Many of the residences in the Meadowlands / Loma Bonita neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Meadowlands / Loma Bonita are 4.5%, which is lower than one will find in 69.9% of American neighborhoods. Demand for real estate in Meadowlands / Loma Bonita is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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 Laredo, the Meadowlands / Loma Bonita neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

One of the really interesting characteristics about the Meadowlands / Loma Bonita neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 1.0% of college-friendly places to live in the state of Texas.

In addition, meadowlands / Loma Bonita has the amazing distinction of housing more same sex couples living together than 98.3% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.

Occupations

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Meadowlands / Loma Bonita neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 19.0% of its workforce, this neighborhood has a greater concentration of government workers than 98.7% of U.S. neighborhoods.

Diversity

Did you know that the Meadowlands / Loma Bonita neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 80.7% of this neighborhood's residents have Mexican ancestry.

Meadowlands / Loma Bonita is also pretty special linguistically. Significantly, 73.7% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.9% 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 Meadowlands / Loma Bonita neighborhood in Laredo are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 60.9% of the neighborhoods in America. In addition, 7.0% 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 58.6% 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 Meadowlands / Loma Bonita neighborhood, 35.8% of the working population is employed in executive, management, and professional 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 23.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.7%), and 20.5% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Meadowlands / Loma Bonita neighborhood is Spanish, spoken by 73.7% of households. Other important languages spoken here include English, French and Chinese.

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 Meadowlands / Loma Bonita neighborhood in Laredo, TX, residents most commonly identify their ethnicity or ancestry as Mexican (80.7%). There are also a number of people of Asian ancestry (3.0%), and residents who report German roots (2.3%), and some of the residents are also of Irish ancestry (1.7%), along with some Puerto Rican ancestry residents (1.5%), among others. In addition, 25.1% 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 Meadowlands / Loma Bonita neighborhood spend under 15 minutes commuting one-way to work (48.8% of working residents), one of the shortest commutes across America.

Here most residents (82.3%) 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 (10.0%) . 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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