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 The Colony,
the Overlake Dr / Pine Ct 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 Overlake Dr / Pine Ct neighborhood has more
Greek and Armenian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 3.9% of
this neighborhood's residents have Greek ancestry and 1.1% have Armenian ancestry.
Notable & Unique: People
One of the really interesting characteristics about the
Overlake Dr / Pine Ct neighborhood is that, according to NeighborhoodScout's
exclusive research, it is an excellent choice in which to reside for
college students. Due to its popularity among college students who
already choose to live here, its walkability, and its above average
safety from crime, the neighborhood is ideal for prospective or
already-enrolled college students. Between semesters and during
school breaks, you'll notice that the excitement here fluctuates with
the college seasons. Despite the excitement however, parents of college-age
children can rest easy knowing that this
neighborhood has an above average safety rating. For each of these
reasons, the neighborhood is rated among the
top 3.9% of college-friendly places to live in
the state of Texas.
In addition, with more than 2.1% of residents living with a same sex partner,
Overlake Dr / Pine Ct is truly a neighborhood that stands out from the rest in
this regard. In fact, exclusive analysis by NeighborhoodScout reveals that
this neighborhood has a greater concentration of same sex couples than
95.4% of U.S. neighborhoods.
Notable & Unique: Real Estate
In addition, most neighborhoods are composed of a mixture of ages of homes, but the Overlake Dr / Pine Ct 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, 97.2% of the residential real estate here was built in this one time period.
Furthermore, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Overlake Dr / Pine Ct neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 98.4% of all American neighborhoods.
Also of note, this neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 1.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Overlake Dr / Pine Ct neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.