The Forums Residential / Timbercreek Trail median real estate price is $485,818, which is more expensive than 79.7% of the neighborhoods in Texas and 62.9% of the neighborhoods in the U.S.
The average rental price in The Forums Residential / Timbercreek Trail is currently $3,041, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.0% of the neighborhoods in Texas.
The Forums Residential / Timbercreek Trail is a suburban neighborhood (based on population density) located in Flower Mound, Texas.
The Forums Residential / Timbercreek Trail 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 owner occupied. Many of the residences in the The Forums Residential / Timbercreek Trail neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
The Forums Residential / Timbercreek Trail has a 9.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 61.6% 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.
Of note is NeighborhoodScout's research finding that the The Forums Residential / Timbercreek Trail neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the The Forums Residential / Timbercreek Trail community truly stands out from the rest in this regard.
In addition, one of the most interesting things about the The Forums Residential / Timbercreek Trail neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 50.0% 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 95.4% of the neighborhoods in America.
Homes built from 2000 through today make up a higher proportion of the The Forums Residential / Timbercreek Trail neighborhood's real estate landscape than 98.8% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 90.5% of the residential real estate here is classified as newer. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.
Executives, managers and professionals make up 71.2% of the workforce in the The Forums Residential / Timbercreek Trail neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 95.7% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Did you know that the The Forums Residential / Timbercreek Trail neighborhood has more Lithuanian and British ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.8% of this neighborhood's residents have Lithuanian ancestry and 3.6% have British ancestry.
The Forums Residential / Timbercreek Trail is also pretty special linguistically. Significantly, 0.8% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 96.6% 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 The Forums Residential / Timbercreek Trail neighborhood in Flower Mound are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 81.2% of the neighborhoods in America. In addition, 0.0% 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 100.0% 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 The Forums Residential / Timbercreek Trail neighborhood, 71.2% 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 12.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (11.8%), and 4.6% 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 The Forums Residential / Timbercreek Trail neighborhood is English, spoken by 72.8% of households. Other important languages spoken here include Spanish, Langs. of India and Polish.
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 The Forums Residential / Timbercreek Trail neighborhood in Flower Mound, TX, residents most commonly identify their ethnicity or ancestry as German (29.3%). There are also a number of people of English ancestry (13.8%), and residents who report Mexican roots (13.2%), and some of the residents are also of Italian ancestry (11.0%), along with some South American ancestry residents (10.9%), among others. In addition, 15.8% 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 The Forums Residential / Timbercreek Trail neighborhood spend between 15 and 30 minutes commuting one-way to work (44.6% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (84.3%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.