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Real Estate Prices & Overview

Slaton-Bean median real estate price is $89,143, which is less expensive than 90.8% of Texas neighborhoods and 93.2% of all U.S. neighborhoods.

The average rental price in Slaton-Bean is currently $1,087, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 95.0% of Texas neighborhoods.

Slaton-Bean is a suburban neighborhood (based on population density) located in Lubbock, Texas.

Slaton-Bean real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Slaton-Bean neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in Slaton-Bean. The current real estate vacancy rate here is 20.4%. This is higher than the rate of vacancies in 87.2% 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

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.

Modes of Transportation

In the Slaton-Bean neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 34.5% of commuters carpool here, which is more than in 99.5% of all U.S. neighborhoods.

People

The Slaton-Bean neighborhood stands out for having an average per capita income lower than 97.2% of the neighborhoods in the United States.

Occupations

There are more people living in the Slaton-Bean neighborhood employed as sales and service workers (61.3%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Diversity

Did you know that the Slaton-Bean neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 67.3% of this neighborhood's residents have Mexican ancestry.

Slaton-Bean is also pretty special linguistically. Significantly, 65.0% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 96.6% 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 Slaton-Bean neighborhood in Lubbock are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.2% of U.S. neighborhoods. With 28.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 79.0% of U.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 Slaton-Bean neighborhood, 38.7% 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 manufacturing and laborer occupations, with 31.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (21.9%), and 7.9% in executive, management, and professional occupations.

Languages

The most common language spoken in the Slaton-Bean neighborhood is Spanish, spoken by 65.0% of households. Some people also speak English (35.0%).

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 Slaton-Bean neighborhood in Lubbock, TX, residents most commonly identify their ethnicity or ancestry as Mexican (67.3%). There are also a number of people of Spanish ancestry (2.9%), and residents who report German roots (1.6%), and some of the residents are also of English ancestry (1.4%), along with some Dutch ancestry residents (1.2%), among others. In addition, 11.3% 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 Slaton-Bean neighborhood spend between 15 and 30 minutes commuting one-way to work (45.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (62.0%) 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 (34.5%) . 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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