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Real Estate Prices & Overview

Trace Ridge / Coventry Hills median real estate price is $338,815, which is more expensive than 60.1% of the neighborhoods in Texas and 43.9% of the neighborhoods in the U.S.

The average rental price in Trace Ridge / Coventry Hills is currently $2,389, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 81.3% of the neighborhoods in Texas.

Trace Ridge / Coventry Hills is an urban neighborhood (based on population density) located in Fort Worth, Texas.

Trace Ridge / Coventry Hills 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 owner occupied. Many of the residences in the Trace Ridge / Coventry Hills neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Trace Ridge / Coventry Hills has a 10.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 64.4% 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.

Notable & Unique Neighborhood Characteristics

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.

People

Of note is NeighborhoodScout's research finding that the Trace Ridge / Coventry Hills 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 Trace Ridge / Coventry Hills community truly stands out from the rest in this regard.

Occupations

There are more people living in the Trace Ridge / Coventry Hills neighborhood employed as sales and service workers (63.0%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Real Estate

Homes built from 2000 through today make up a higher proportion of the Trace Ridge / Coventry Hills neighborhood's real estate landscape than 95.1% 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, 70.1% of the residential real estate here is classified as newer.

The Neighbors

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 Trace Ridge / Coventry Hills neighborhood in Fort Worth are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 88.7% 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.

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 Trace Ridge / Coventry Hills neighborhood, 37.2% of the working population is employed in executive, management, and professional 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 37.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.0%), and 10.8% in manufacturing and laborer occupations.

Languages

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 Trace Ridge / Coventry Hills neighborhood is English, spoken by 90.9% of households. Other important languages spoken here include Langs. of India and Polish.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Trace Ridge / Coventry Hills neighborhood in Fort Worth, TX, residents most commonly identify their ethnicity or ancestry as English (8.5%). There are also a number of people of Mexican ancestry (8.1%), and residents who report German roots (7.0%), and some of the residents are also of Asian ancestry (5.7%), along with some Italian ancestry residents (5.4%), among others. In addition, 10.4% of the residents of this neighborhood were born in another country.

Getting to Work

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 Trace Ridge / Coventry Hills neighborhood spend between 30 and 45 minutes commuting one-way to work (51.6% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (74.4%) 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.

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Crime includes:
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