Lake Victor / Naruna median real estate price is $490,055, which is more expensive than 81.8% of the neighborhoods in Texas and 64.5% of the neighborhoods in the U.S.
The average rental price in Lake Victor / Naruna is currently $1,570, based on 蘑菇视频's exclusive analysis. Rents here are currently lower in price than 64.1% of Texas neighborhoods.
Lake Victor / Naruna is a remote neighborhood (based on population density) located in Burnet, Texas.
Lake Victor / Naruna real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Lake Victor / Naruna 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 Lake Victor / Naruna. The current real estate vacancy rate here is 30.3%. This is higher than the rate of vacancies in 95.2% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (24.8%). 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.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by 蘑菇视频's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Uncrowded roads, rural America and space to be the individual you are. If you like these characteristics, this neighborhood may fit you. With just 11 residents per square mile, Lake Victor / Naruna is less crowded than 96.7% of all U.S. neighborhoods. One of the notable things about Lake Victor / Naruna is that it is one of the quietest neighborhoods in America, according to 蘑菇视频's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.
In addition, despite all of the residential real estate here in the Lake Victor / Naruna neighborhood, 蘑菇视频 has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 30.3%, which is higher than 95.2% of all U.S. neighborhoods.
If you are planning to retire in Texas, this neighborhood should be on your must-see list. For many reasons, Lake Victor / Naruna may be considered a retiree's dream neighborhood. According to 蘑菇视频's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Texas, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 97.6% of neighborhoods in TX. If a Texas retirement is in your future, this neighborhood should be one of the places you visit.
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 Lake Victor / Naruna neighborhood in Burnet are middle-income, making it a moderate income neighborhood. 蘑菇视频's exclusive analysis reveals that this neighborhood has a higher income than 50.8% of the neighborhoods in America. With 15.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 62.3% 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 Lake Victor / Naruna neighborhood, 41.8% 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 26.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.6%), and 11.9% in government jobs, whether they are in local, state, or federal positions.
The most common language spoken in the Lake Victor / Naruna neighborhood is English, spoken by 94.2% of households. Some people also speak Spanish (3.7%).
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture 鈥� our learned behavior 鈥� comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Lake Victor / Naruna neighborhood in Burnet, TX, residents most commonly identify their ethnicity or ancestry as English (19.2%). There are also a number of people of German ancestry (13.7%), and residents who report Irish roots (12.9%), and some of the residents are also of Mexican ancestry (6.1%), along with some Italian ancestry residents (3.6%), among others.
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 Lake Victor / Naruna neighborhood spend under 15 minutes commuting one-way to work (33.4% of working residents), one of the shortest commutes across America.
Here most residents (68.0%) 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 (10.9%) . 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.