HME Colonia / Ridge Road Colonia median real estate price is $100,396, which is less expensive than 70.3% of Texas neighborhoods and 81.8% of all U.S. neighborhoods.
The average rental price in HME Colonia / Ridge Road Colonia is currently $1,161, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 65.7% of the neighborhoods in Texas.
HME Colonia / Ridge Road Colonia is a suburban neighborhood (based on population density) located in Pharr, Texas.
HME Colonia / Ridge Road Colonia real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and mobile homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the HME Colonia / Ridge Road Colonia 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.
Vacant apartments or homes are a major fact of life in HME Colonia / Ridge Road Colonia. The current real estate vacancy rate here is 27.5%. This is higher than the rate of vacancies in 92.8% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (20.6%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.