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Real Estate Prices & Overview

Colonia los Angeles median real estate price is $135,054, which is less expensive than 87.7% of Texas neighborhoods and 91.0% of all U.S. neighborhoods.

The average rental price in Colonia los Angeles is currently $1,881, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.0% of Texas neighborhoods.

Colonia los Angeles is a densely urban neighborhood (based on population density) located in Laredo, Texas.

Colonia los Angeles real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Colonia los Angeles 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.

In Colonia los Angeles, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Colonia los Angeles is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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.

Real Estate

This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Colonia los Angeles neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.

In addition, the real estate in this neighborhood consists of more mobile homes than 97.0% of all neighborhoods in America, with 35.9% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.

People

The Colonia los Angeles neighborhood is unique for having just 3.7% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 98.2% of America's neighborhoods.

In addition, one of the really interesting characteristics about the Colonia los Angeles neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 2.1% of college-friendly places to live in the state of Texas.

Diversity

Did you know that the Colonia los Angeles neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 90.9% of this neighborhood's residents have Mexican ancestry.

Colonia los Angeles is also pretty special linguistically. Significantly, 92.1% 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.

Migration / Stability

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 Colonia los Angeles neighborhood. More residents of the Colonia los Angeles neighborhood live here today that also were living in this same neighborhood five years ago than is found in 98.8% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.

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 Colonia los Angeles neighborhood in Laredo are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 91.3% of U.S. neighborhoods. With 47.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 93.4% of U.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 Colonia los Angeles neighborhood, 34.2% of the working population is employed in clerical, assistant, and tech support occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 29.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (27.3%), and 8.6% in executive, management, and professional occupations.

Languages

The most common language spoken in the Colonia los Angeles neighborhood is Spanish, spoken by 92.1% of households. Some people also speak English (7.7%).

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 Colonia los Angeles neighborhood in Laredo, TX, residents most commonly identify their ethnicity or ancestry as Mexican (90.9%). In addition, 30.5% of the residents of this neighborhood were born in another country.

Getting to Work

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 Colonia los Angeles neighborhood spend between 15 and 30 minutes commuting one-way to work (45.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (85.1%) 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 (7.3%) . 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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Economics & Demographics include:
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Race & Ethnic Diversity
Employment Industries & Occupations
Income & Unemployment Rate
Higher Education Attainment
Crime includes:
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Schools include:
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