Overlake Dr / Storey Ln 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 Overlake Dr / Storey Ln is currently $1,730, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 51.4% of Texas neighborhoods.
Overlake Dr / Storey Ln is a densely urban neighborhood (based on population density) located in Dallas, Texas.
Overlake Dr / Storey Ln 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 Overlake Dr / Storey Ln 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 Overlake Dr / Storey Ln. The current real estate vacancy rate here is 15.2%. This is higher than the rate of vacancies in 80.4% 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.
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 Dallas, the Overlake Dr / Storey Ln neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
NeighborhoodScout's exclusive research identifies the Overlake Dr / Storey Ln 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 50.9% of its working residents employed in such fields, which is a higher proportion than 99.2% of American neighborhoods.
In the Overlake Dr / Storey Ln neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 30.0% of commuters carpool here, which is more than in 98.7% of all U.S. neighborhoods.
The Overlake Dr / Storey Ln 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 89.0% 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, 90.5% of the real estate in the Overlake Dr / Storey Ln neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Furthermore, one of the really unique and interesting things about the look and setting of the Overlake Dr / Storey Ln neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 78.9% 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 96.5% of all neighborhoods in America.
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 Overlake Dr / Storey Ln neighborhood. In the Overlake Dr / Storey Ln neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.8% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas. What is also interesting to note, is that the Overlake Dr / Storey Ln neighborhood has a greater percentage of residents born in another country (58.8%) than are found in 99.0% of all U.S. neighborhoods.
Did you know that the Overlake Dr / Storey Ln neighborhood has more Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.5% of this neighborhood's residents have Cuban ancestry.
Overlake Dr / Storey Ln is also pretty special linguistically. Significantly, 81.1% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.8% of all U.S. neighborhoods.
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. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Overlake Dr / Storey Ln neighborhood in Dallas are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 67.5% of U.S. neighborhoods. With 36.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.9% 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 Overlake Dr / Storey Ln neighborhood, 50.9% 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 31.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (13.1%), and 5.1% in clerical, assistant, and tech support occupations.
The most common language spoken in the Overlake Dr / Storey Ln neighborhood is Spanish, spoken by 81.1% of households. Some people also speak English (16.2%).
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 Overlake Dr / Storey Ln neighborhood in Dallas, TX, residents most commonly identify their ethnicity or ancestry as Mexican (44.3%). There are also a number of people of Cuban ancestry (4.5%), and residents who report South American roots (1.6%), and some of the residents are also of Dominican ancestry (1.3%). In addition, 58.8% 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 Overlake Dr / Storey Ln neighborhood spend between 30 and 45 minutes commuting one-way to work (28.6% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (56.2%) 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 (30.0%) and 6.6% 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.