Five Mile Creek median real estate price is $336,041, which is more expensive than 59.6% of the neighborhoods in Texas and 43.5% of the neighborhoods in the U.S.
The average rental price in Five Mile Creek is currently $1,550, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 64.4% of Texas neighborhoods.
Five Mile Creek is an urban neighborhood (based on population density) located in Dallas, Texas.
Five Mile Creek 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Five Mile Creek neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Five Mile Creek. The current real estate vacancy rate here is 15.2%. This is higher than the rate of vacancies in 80.5% 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.
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 NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Single parenting is hard. But you don't have to tell the Five Mile Creek neighborhood about it; they already know. 27.8% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 99.3% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.
In addition, an extraordinary 20.3% of the residents of the Five Mile Creek 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.
Renter-occupied real estate is dominant in the Five Mile Creek neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 95.0%, which is higher than 98.1% 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.
In addition, one of the really unique and interesting things about the look and setting of the Five Mile Creek neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 78.3% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 96.4% of all neighborhoods in America.
More people in Five Mile Creek choose to walk to work each day (14.6%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Also, in the Five Mile Creek neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 23.3% of commuters carpool here, which is more than in 95.6% of all U.S. neighborhoods.
Did you know that the Five Mile Creek neighborhood has more Sub-Saharan African and Brazilian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 17.2% of this neighborhood's residents have Sub-Saharan African ancestry and 1.9% have Brazilian ancestry.
Five Mile Creek is also pretty special linguistically. Significantly, 4.3% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 99.1% of the neighborhoods in America.
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 Five Mile Creek neighborhood in Dallas are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 90.1% of U.S. neighborhoods. With 37.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 87.7% of U.S. neighborhoods.
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 Five Mile Creek neighborhood, 29.8% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 28.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.6%), and 20.6% 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 Five Mile Creek neighborhood is English, spoken by 78.1% of households. Other important languages spoken here include Spanish, Portuguese and African languages.
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 Five Mile Creek neighborhood in Dallas, TX, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (17.2%). There are also a number of people of Mexican ancestry (14.3%), and residents who report African roots (8.4%), and some of the residents are also of Italian ancestry (3.0%), along with some German ancestry residents (2.7%), among others. In addition, 15.9% of the residents of this neighborhood were born in another country.
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 Five Mile Creek neighborhood spend under 15 minutes commuting one-way to work (39.5% of working residents), one of the shortest commutes across America.
Here most residents (46.1%) 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 (23.3%) and 14.6% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.