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 Plano,
the Preston Rd / Fm 544 neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Did you know that the Preston Rd / Fm 544 neighborhood has more
Iranian and Brazilian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.3% of
this neighborhood's residents have Iranian ancestry and 0.7% have Brazilian ancestry.
Preston Rd / Fm 544 is also pretty special linguistically. Significantly, 2.2% of its residents five years old and above primarily
speak Hindi, which is the official language of India at home. While this may seem like a small percentage, it is higher
than 97.5% of the neighborhoods in America.
Notable & Unique: People
Wealth makes most things in life easier, and a few things harder.
If you are wealthy and enjoy keeping up with the Jones', this neighborhood
will interest you. In fact, according to NeighborhoodScout's research,
the Preston Rd / Fm 544 neighborhood is wealthier than 96.3%
of the neighborhoods in the United States. Residents here are truly in
a unique situation even when compared to other Americans, based on the
sheer amount of wealth concentrated here. Even in times of economic
downturn, residents of this neighborhood, as a group, suffered less
and recovered more quickly. This is indeed a stand-out characteristic
of this neighborhood.
In addition, a majority of the adults in the Preston Rd / Fm 544 neighborhood
are wealthy and educated executives. They own stately
homes that tend to maintain high real estate appreciation rates. Their
upper-level careers keep them busy, but allow them to live comfortably.
If you're an executive and want to keep similar company, consider settling
in this neighborhood, rated as an executive lifestyle
"best choice" neighborhood for Texas by NeighborhoodScout's analysis,
which rated it as better for executive lifestyles than 95.6%
of the neighborhoods in Texas.
In addition to being an excellent choice for highly educated executives, this
neighborhood is also a very good choice for urban sophisticates.
Also, the rate of college educated adults in the Preston Rd / Fm 544 neighborhood
is a unique characteristic of the neighborhood. 66.9% of
adults here have received at least a 4-year bachelor's degree, compared to
the average neighborhood in America, which has 22.6% of the adults with a
bachelor's degree. The rate here is higher than NeighborhoodScout found in
95.3% of all U.S. neighborhoods.
Notable & Unique: Real Estate
In addition, one way that the Preston Rd / Fm 544 neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 97.4% 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.
Furthermore, with a real estate vacancy rate of only 0.8%, the Preston Rd / Fm 544 neighborhood has a lower vacancy rate than 95.8% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
Also of note, most neighborhoods are composed of a mixture of ages of homes, but the Preston Rd / Fm 544 stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 84.4% of the residential real estate here was built in this one time period.