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Real Estate Prices & Overview

Spring Lake Park median real estate price is $167,485, which is less expensive than 77.5% of Texas neighborhoods and 83.4% of all U.S. neighborhoods.

The average rental price in Spring Lake Park is currently $1,181, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 91.4% of Texas neighborhoods.

Spring Lake Park is a suburban neighborhood (based on population density) located in Texarkana, Texas.

Spring Lake Park real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 Spring Lake Park neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In Spring Lake Park, the current vacancy rate is 2.9%, which is a lower rate of vacancies than 80.6% of all neighborhoods in the U.S. This means that the housing supply in Spring Lake Park is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Spring Lake Park neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 77.1% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 99.4% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Occupations

There are more people living in the Spring Lake Park neighborhood employed as sales and service workers (62.2%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Diversity

Did you know that the Spring Lake Park neighborhood has more African and Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 13.9% of this neighborhood's residents have African ancestry and 3.8% have Scots-Irish ancestry.

The Neighbors

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 Spring Lake Park neighborhood in Texarkana are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 79.9% of U.S. neighborhoods. With 23.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 73.2% of U.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 Spring Lake Park neighborhood, 37.8% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 24.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.5%), and 17.6% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Spring Lake Park neighborhood is English, spoken by 93.4% of households. Some people also speak Spanish (4.7%).

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 Spring Lake Park neighborhood in Texarkana, TX, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (14.1%). There are also a number of people of African ancestry (13.9%), and residents who report Irish roots (6.9%), and some of the residents are also of Mexican ancestry (6.7%), along with some English ancestry residents (5.0%), among others.

Getting to Work

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 Spring Lake Park neighborhood spend under 15 minutes commuting one-way to work (77.1% of working residents), one of the shortest commutes across America.

Here most residents (79.3%) 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 (13.5%) . 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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