Riverforest / Oak Grove Estates median real estate price is $793,849, which is more expensive than 95.1% of the neighborhoods in Texas and 88.0% of the neighborhoods in the U.S.
The average rental price in Riverforest / Oak Grove Estates is currently $4,562, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 99.1% of the neighborhoods in Texas.
Riverforest / Oak Grove Estates is a rural neighborhood (based on population density) located in New Braunfels, Texas.
Riverforest / Oak Grove Estates real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more 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 Riverforest / Oak Grove Estates neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In Riverforest / Oak Grove Estates, the current vacancy rate is 2.0%, which is a lower rate of vacancies than 87.5% of all neighborhoods in the U.S. This means that the housing supply in Riverforest / Oak Grove Estates is very tight compared to the demand for property here.
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.
Of note is NeighborhoodScout's research finding that the Riverforest / Oak Grove Estates 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 Riverforest / Oak Grove Estates community truly stands out from the rest in this regard.
In addition, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Riverforest / Oak Grove Estates neighborhood may actually hold the key. 73.1% of its residents are married, which is a higher percentage than is found in 98.9% of the neighborhoods in America.
Also, according to NeighborhoodScout's exclusive analysis, Riverforest / Oak Grove Estates is among the best neighborhoods for families in Texas. In fact, this neighborhood is more family-friendly than 98.1% of neighborhoods in the entire state of Texas. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Riverforest / Oak Grove Estates neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for active retirees, highly educated executives and urban sophisticates.
The Riverforest / Oak Grove Estates neighborhood stands out nationally for having a greater proportion of its residents active in the military than 96.9% of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.
One way that the Riverforest / Oak Grove Estates neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 96.6% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
Did you know that the Riverforest / Oak Grove Estates neighborhood has more Armenian and Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.2% of this neighborhood's residents have Armenian ancestry and 3.9% have Scots-Irish ancestry.
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 Riverforest / Oak Grove Estates neighborhood in New Braunfels are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 93.4% 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.
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 Riverforest / Oak Grove Estates neighborhood, 47.7% 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 29.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.4%), and 8.9% in clerical, assistant, and tech support occupations.
The most common language spoken in the Riverforest / Oak Grove Estates neighborhood is English, spoken by 92.7% of households. Some people also speak Spanish (3.8%).
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 Riverforest / Oak Grove Estates neighborhood in New Braunfels, TX, residents most commonly identify their ethnicity or ancestry as German (21.6%). There are also a number of people of English ancestry (14.0%), and residents who report Mexican roots (12.6%), and some of the residents are also of Irish ancestry (11.2%), along with some French ancestry residents (5.8%), 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 Riverforest / Oak Grove Estates neighborhood spend under 15 minutes commuting one-way to work (33.8% of working residents), one of the shortest commutes across America.
Here most residents (73.3%) 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 (14.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.