Lafayette Place median real estate price is $162,687, which is less expensive than 82.4% of Texas neighborhoods and 87.3% of all U.S. neighborhoods.
The average rental price in Lafayette Place is currently $938, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 97.5% of Texas neighborhoods.
Lafayette Place is an urban neighborhood (based on population density) located in El Paso, Texas.
Lafayette Place real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 Lafayette Place neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Lafayette Place, the current vacancy rate is 1.8%, which is a lower rate of vacancies than 86.8% of all neighborhoods in the U.S. This means that the housing supply in Lafayette Place is very tight compared to the demand for property here.
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.
The Lafayette Place neighborhood stands out for having an average per capita income lower than 98.2% of the neighborhoods in the United States.
In addition, one of the most interesting things about the Lafayette Place neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 49.6% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 95.0% of the neighborhoods in America.
Did you know that the Lafayette Place neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 93.8% of this neighborhood's residents have Mexican ancestry.
Lafayette Place is also pretty special linguistically. Significantly, 80.7% 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 Lafayette Place neighborhood in El Paso are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 98.2% of U.S. neighborhoods. In addition, 7.8% 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 55.1% of America'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 Lafayette Place neighborhood, 35.4% 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 22.9% of the residents employed. Other residents here are employed in executive, management, and professional occupations (21.8%), and 19.9% in clerical, assistant, and tech support occupations.
The most common language spoken in the Lafayette Place neighborhood is Spanish, spoken by 80.7% of households. Some people also speak English (19.3%).
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 Lafayette Place neighborhood in El Paso, TX, residents most commonly identify their ethnicity or ancestry as Mexican (93.8%). There are also a number of people of German ancestry (1.1%). In addition, 28.5% 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 Lafayette Place neighborhood spend between 15 and 30 minutes commuting one-way to work (68.5% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (75.2%) 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 (15.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.