W Northwest Hwy / Lakefield Blvd median real estate price is $1,065,294, which is more expensive than 98.2% of the neighborhoods in Texas and 92.1% of the neighborhoods in the U.S.
The average rental price in W Northwest Hwy / Lakefield Blvd is currently $1,541, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 65.4% of Texas neighborhoods.
W Northwest Hwy / Lakefield Blvd is a densely urban neighborhood (based on population density) located in Dallas, Texas.
W Northwest Hwy / Lakefield Blvd 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 W Northwest Hwy / Lakefield Blvd 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.
W Northwest Hwy / Lakefield Blvd has a 12.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 71.6% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
Our research shows that more people carpool to work here in the W Northwest Hwy / Lakefield Blvd (52.7%) than in 100.0% of the neighborhoods in America.
NeighborhoodScout's exclusive research identifies the W Northwest Hwy / Lakefield Blvd neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 60.9% of its working residents employed in such fields, which is a higher proportion than 99.9% of American neighborhoods.
Renter-occupied real estate is dominant in the W Northwest Hwy / Lakefield Blvd neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 100.0%, which is higher than 99.3% 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, the W Northwest Hwy / Lakefield Blvd 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 95.5% 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.
Furthermore, the real estate in the W Northwest Hwy / Lakefield Blvd 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, 89.7% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 98.1% of American neighborhoods.
Also of note, most neighborhoods are composed of a mixture of ages of homes, but the W Northwest Hwy / Lakefield Blvd 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, 83.7% of the residential real estate here was built in this one time period.
NeighborhoodScout's exclusive research revealed that 94.8% of the adult residents in the W Northwest Hwy / Lakefield Blvd neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 97.4% of the neighborhoods in America.
In addition, of note, 58.5% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the W Northwest Hwy / Lakefield Blvd neighborhood has a highly unusual pattern of car ownership. 21.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.5% of U.S. neighborhoods.
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the W Northwest Hwy / Lakefield Blvd neighborhood. What is interesting to note, is that the W Northwest Hwy / Lakefield Blvd neighborhood has a greater percentage of residents born in another country (54.7%) than are found in 98.4% of all U.S. neighborhoods.
Did you know that the W Northwest Hwy / Lakefield Blvd neighborhood has more Mexican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 61.3% of this neighborhood's residents have Mexican ancestry and 8.1% have Puerto Rican ancestry.
W Northwest Hwy / Lakefield Blvd is also pretty special linguistically. Significantly, 90.6% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.7% of all U.S. neighborhoods.
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 W Northwest Hwy / Lakefield Blvd 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 85.1% of U.S. neighborhoods. With 58.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 96.7% 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 W Northwest Hwy / Lakefield Blvd neighborhood, 60.9% of the working population is employed in manufacturing and laborer 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 29.4% of the residents employed. Other residents here are employed in executive, management, and professional occupations (7.8%).
Languages
The most common language spoken in the W Northwest Hwy / Lakefield Blvd neighborhood is Spanish, spoken by 90.6% of households. Some people also speak English (7.6%).
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the W Northwest Hwy / Lakefield Blvd neighborhood in Dallas, TX, residents most commonly identify their ethnicity or ancestry as Mexican (61.3%). There are also a number of people of Puerto Rican ancestry (8.1%), and residents who report South American roots (2.1%), and some of the residents are also of Italian ancestry (2.1%), along with some Asian ancestry residents (1.2%), among others. In addition, 54.7% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – 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 W Northwest Hwy / Lakefield Blvd neighborhood spend between 30 and 45 minutes commuting one-way to work (29.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (52.7%) carpool with coworkers, friends, or neighbors to get to work. In addition, quite a number also drive alone in a private automobile to get to work (39.6%) and 5.2% of residents also hop out the door and walk to work for their daily commute. Despite relying on the automobile to get to work, residents of this neighborhood share the ride more than most neighborhoods, reducing traffic, pollution, and saving money.
