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Real Estate Prices & Overview

Gardens / Terrace Gardens median real estate price is $267,067, which is more expensive than 48.7% of the neighborhoods in Texas and 36.2% of the neighborhoods in the U.S.

The average rental price in Gardens / Terrace Gardens is currently $1,823, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 45.1% of Texas neighborhoods.

Gardens / Terrace Gardens is a suburban neighborhood (based on population density) located in Midland, Texas.

Gardens / Terrace Gardens 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 Gardens / Terrace Gardens neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Gardens / Terrace Gardens has a 11.6% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 67.9% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are 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.

People

Of note is NeighborhoodScout's research finding that the Gardens / Terrace Gardens neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Gardens / Terrace Gardens community truly stands out from the rest in this regard.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Gardens / Terrace Gardens neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Gardens / Terrace Gardens neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 61.8% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 96.7% of U.S. neighborhoods. Less time commuting means more time for other things in life.

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 Gardens / Terrace Gardens neighborhood in Midland are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 64.1% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America'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 Gardens / Terrace Gardens neighborhood, 44.6% 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 23.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.4%), and 10.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Gardens / Terrace Gardens neighborhood is English, spoken by 80.7% of households. Some people also speak Spanish (18.9%).

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 Gardens / Terrace Gardens neighborhood in Midland, TX, residents most commonly identify their ethnicity or ancestry as Mexican (23.0%). There are also a number of people of Irish ancestry (11.3%), and residents who report English roots (10.7%), and some of the residents are also of German ancestry (8.0%), along with some Italian ancestry residents (3.8%), among others. In addition, 10.2% 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 Gardens / Terrace Gardens neighborhood spend under 15 minutes commuting one-way to work (61.8% of working residents), one of the shortest commutes across America.

Here most residents (76.8%) 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 (12.6%) . 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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