Wedgewood Park / Hyde Park median real estate price is $315,152, which is more expensive than 57.0% of the neighborhoods in Texas and 42.8% of the neighborhoods in the U.S.
The average rental price in Wedgewood Park / Hyde Park is currently $1,871, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 42.6% of Texas neighborhoods.
Wedgewood Park / Hyde Park is an urban neighborhood (based on population density) located in Midland, Texas.
Wedgewood Park / Hyde Park 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 occupied by a mixture of owners and renters. Many of the residences in the Wedgewood Park / Hyde Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Wedgewood Park / Hyde Park are 5.0%, which is lower than one will find in 66.2% of American neighborhoods. Demand for real estate in Wedgewood Park / Hyde Park 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.
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.
With a nice mix of college students, safety from crime, and decent walkability, the Wedgewood Park / Hyde Park neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 86.5% of the neighborhoods in TX. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.
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 Wedgewood Park / Hyde Park neighborhood in Midland are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 55.5% of the neighborhoods in America. In addition, 6.5% 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 59.9% 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 Wedgewood Park / Hyde Park neighborhood, 33.7% 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 31.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (25.8%), and 9.6% in clerical, assistant, and tech support occupations.
The most common language spoken in the Wedgewood Park / Hyde Park neighborhood is English, spoken by 73.3% of households. Some people also speak Spanish (23.6%).
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 Wedgewood Park / Hyde Park neighborhood in Midland, TX, residents most commonly identify their ethnicity or ancestry as Mexican (41.0%). There are also a number of people of Irish ancestry (7.0%), and residents who report English roots (5.8%), and some of the residents are also of German ancestry (4.1%), along with some Asian ancestry residents (3.0%), among others.
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 Wedgewood Park / Hyde Park neighborhood spend under 15 minutes commuting one-way to work (49.3% of working residents), one of the shortest commutes across America.
Here most residents (83.6%) 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 (14.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.