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Loading...Balcones Greene / Balcones Village median real estate price is $839,295, which is more expensive than 95.6% of the neighborhoods in Texas and 85.4% of the neighborhoods in the U.S.
The average rental price in Balcones Greene / Balcones Village is currently $2,207, based on 蘑菇视频's exclusive analysis. The average rental cost in this neighborhood is higher than 72.5% of the neighborhoods in Texas.
Balcones Greene / Balcones Village is a suburban neighborhood (based on population density) located in Austin, Texas.
Balcones Greene / Balcones Village real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Balcones Greene / Balcones Village 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 Balcones Greene / Balcones Village are 3.7%, which is lower than one will find in 74.1% of American neighborhoods. Demand for real estate in Balcones Greene / Balcones Village 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.
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 Austin, the Balcones Greene / Balcones Village neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
If you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 3.8% of America's neighborhoods are wealthier than the Balcones Greene / Balcones Village neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe. As one would expect in a considerably wealthy neighborhood such as this, Balcones Greene / Balcones Village also has one of the lowest ratings of child poverty in the nation.
In addition, astoundingly, 蘑菇视频's research reveals that this single neighborhood has a higher concentration of married couples living here than 97.8% of all U.S. neighborhoods. Whether they have school-aged children or not, married couples are the rule in the Balcones Greene / Balcones Village neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests. But if you are single, you might not find many other singles here.
Also, a majority of the adults in the Balcones Greene / Balcones Village 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 蘑菇视频's analysis, which rated it as better for executive lifestyles than 95.2% 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 active retirees, urban sophisticates and families with school-aged children.
In the Balcones Greene / Balcones Village neighborhood, many people's commute means walking from the bedroom to the home office. 蘑菇视频's analysis found that 53.0% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 99.9% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
The Balcones Greene / Balcones Village neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 96.4% of the neighborhoods in America. In fact, 72.6% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.
Most neighborhoods are composed of a mixture of ages of homes, but the Balcones Greene / Balcones Village 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, 82.8% of the residential real estate here was built in this one time period.
In addition, one way that the Balcones Greene / Balcones Village neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 95.2% 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.
Significantly, 12.2% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 98.3% of the neighborhoods in America.
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. 蘑菇视频's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Balcones Greene / Balcones Village neighborhood in Austin are wealthy, making it among the 15% highest income neighborhoods in America. 蘑菇视频's exclusive analysis reveals that this neighborhood has a higher income than 96.2% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America'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 Balcones Greene / Balcones Village neighborhood, 72.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 13.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (8.8%), and 5.0% in manufacturing and laborer occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Balcones Greene / Balcones Village neighborhood is English, spoken by 65.6% of households. Other important languages spoken here include Spanish, Chinese and Langs. of India.
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 Balcones Greene / Balcones Village neighborhood in Austin, TX, residents most commonly identify their ethnicity or ancestry as Asian (20.8%). There are also a number of people of Mexican ancestry (15.5%), and residents who report Irish roots (11.6%), and some of the residents are also of German ancestry (11.0%), along with some English ancestry residents (9.4%), among others. In addition, 19.2% of the residents of this neighborhood were born in another country.
How you get to work 鈥� car, bus, train or other means 鈥� 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 Balcones Greene / Balcones Village neighborhood spend between 15 and 30 minutes commuting one-way to work (41.5% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (44.4%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
SCOUT鈥檚 patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.
