A condition alert is a condition in the neighborhood that triggers an alert. 蘑菇视频 contains condition alerts to highlight conditions that are extreme, whether good or bad. This helps answer crucial questions about the state of the neighborhood being evaluated, such as:
Information at a glance that you need to know to invest, appraise or finance a property.
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Loading...Lake Wichita Park median real estate price is $218,601, which is less expensive than 67.4% of Texas neighborhoods and 77.1% of all U.S. neighborhoods.
The average rental price in Lake Wichita Park is currently $1,854, based on 蘑菇视频's exclusive analysis. Rents here are currently lower in price than 44.1% of Texas neighborhoods.
Lake Wichita Park is a suburban neighborhood (based on population density) located in Wichita Falls, Texas.
Lake Wichita Park real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Lake Wichita Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Home and apartment vacancy rates are 8.6% in Lake Wichita Park. 蘑菇视频 analysis shows that this rate is lower than 43.9% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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 Wichita Falls, the Lake Wichita Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
An extraordinary 15.4% of the residents of the Lake Wichita Park neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Lake Wichita Park neighborhood stands out for its commute length, according to 蘑菇视频's analysis. Residents of the Lake Wichita Park neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 61.6% 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 蘑菇视频 found in 96.6% of U.S. neighborhoods. Less time commuting means more time for other things in life.
Did you know that the Lake Wichita Park neighborhood has more Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.4% of this neighborhood's residents have Scots-Irish ancestry.
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 Wichita Park neighborhood in Wichita Falls 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 55.6% of the neighborhoods in America. In addition, 9.9% 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 50.3% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Lake Wichita Park neighborhood, 37.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 28.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.8%), and 14.3% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The most common language spoken in the Lake Wichita Park neighborhood is English, spoken by 91.3% of households. Some people also speak Spanish (8.1%).
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 Lake Wichita Park neighborhood in Wichita Falls, TX, residents most commonly identify their ethnicity or ancestry as German (15.1%). There are also a number of people of Mexican ancestry (15.0%), and residents who report English roots (7.6%), and some of the residents are also of Irish ancestry (6.2%), along with some Scots-Irish ancestry residents (4.4%), among others.
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 Wichita Park neighborhood spend under 15 minutes commuting one-way to work (61.6% of working residents), one of the shortest commutes across America.
Here most residents (74.4%) 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 (7.2%) . 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.
