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Real Estate Prices & Overview

Wade Park median real estate price is $142,702, which is less expensive than 83.6% of Texas neighborhoods and 87.8% of all U.S. neighborhoods.

The average rental price in Wade Park is currently $1,448, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 73.1% of Texas neighborhoods.

Wade Park is a suburban neighborhood (based on population density) located in Paris, Texas.

Wade Park real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Wade Park neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Real estate vacancies in Wade Park are 4.5%, which is lower than one will find in 69.7% of American neighborhoods. Demand for real estate in Wade 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.

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 Paris, the Wade Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

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 Wade Park neighborhood in Paris are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 87.4% of U.S. neighborhoods. With 22.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 72.0% of U.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 Wade Park neighborhood, 30.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 25.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (22.6%), and 21.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Wade Park neighborhood is English, spoken by 94.0% of households. Some people also speak Spanish (2.0%).

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 Wade Park neighborhood in Paris, TX, residents most commonly identify their ethnicity or ancestry as English (16.3%). There are also a number of people of Mexican ancestry (6.8%), and residents who report German roots (5.3%), and some of the residents are also of Irish ancestry (5.2%), along with some Italian ancestry residents (2.3%), among others.

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 Wade Park neighborhood spend under 15 minutes commuting one-way to work (54.9% of working residents), one of the shortest commutes across America.

Here most residents (83.9%) 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 (13.8%) . 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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