About Dallas, TX (Lake Highlands Northwest) Real Estate Prices and Overview Lake Highlands Northwest median real estate price is $506,874, which is more expensive than 83.2% of the neighborhoods in Texas and 66.2% of the neighborhoods in the U.S. The average rental price in Lake Highlands Northwest is currently $2,104, based on 蘑菇视频's exclusive analysis. The average rental cost in this neighborhood is higher than 68.3% of the neighborhoods in Texas. Lake Highlands Northwest is an urban neighborhood (based on population density) located in Dallas, Texas. Lake Highlands Northwest real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Lake Highlands Northwest 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 Highlands Northwest. The current real estate vacancy rate here is 30.4%. This is higher than the rate of vacancies in 95.3% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty. Notable & Unique Neighborhood Characteristics Notable & Unique: Real Estate The Lake Highlands Northwest neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 97.6% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic. In addition, the real estate in the Lake Highlands Northwest neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 96.4% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.3% of American neighborhoods. Furthermore, renter-occupied real estate is dominant in the Lake Highlands Northwest neighborhood. The percentage of rental real estate here, according to exclusive 蘑菇视频 analysis, is 98.3%, which is higher than 98.8% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so. Despite all of the residential real estate here in the Lake Highlands Northwest 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 30.4%, which is higher than 95.3% of all U.S. neighborhoods. Notable & Unique: Diversity Did you know that the Lake Highlands Northwest neighborhood has more African and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.9% of this neighborhood's residents have African ancestry and 16.6% have Sub-Saharan African ancestry. Lake Highlands Northwest is also pretty special linguistically. Significantly, 10.3% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 99.7% of the neighborhoods in America. The Neighbors: Income 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 Lake Highlands Northwest neighborhood in Dallas are lower-middle income, making it a below average income neighborhood. 蘑菇视频's research shows that this neighborhood has an income lower than 70.2% of U.S. neighborhoods. With 25.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 77.3% of U.S. neighborhoods. The Neighbors: Occupations A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations. In the Lake Highlands Northwest neighborhood, 37.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 29.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.5%), and 15.7% in sales and service jobs, from major sales accounts, to working in fast food restaurants. The Neighbors: Languages 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 Lake Highlands Northwest neighborhood is English, spoken by 70.3% of households. Other important languages spoken here include Spanish, African languages and French. The Neighbors: Ethnicity / Ancestry 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 Highlands Northwest neighborhood in Dallas, TX, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (16.6%). There are also a number of people of African ancestry (12.9%), and residents who report Mexican roots (4.0%), and some of the residents are also of German ancestry (3.7%), along with some South American ancestry residents (2.4%), among others. In addition, 22.7% of the residents of this neighborhood were born in another country. 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 Lake Highlands Northwest neighborhood spend between 15 and 30 minutes commuting one-way to work (34.4% of working residents), which is shorter than the time spent commuting to work for most Americans. Here most residents (78.7%) 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.