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Real Estate Prices & Overview

Parkway And Cherry Point Pac West median real estate price is $68,220, which is less expensive than 97.9% of Texas neighborhoods and 98.2% of all U.S. neighborhoods.

The average rental price in Parkway And Cherry Point Pac West is currently $1,083, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 94.3% of Texas neighborhoods.

Parkway And Cherry Point Pac West is a rural neighborhood (based on population density) located in Lubbock, Texas.

Parkway And Cherry Point Pac West 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 occupied by a mixture of owners and renters. Many of the residences in the Parkway And Cherry Point Pac West neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Parkway And Cherry Point Pac West. The current real estate vacancy rate here is 30.7%. This is higher than the rate of vacancies in 95.4% 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.

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.

People

The Parkway And Cherry Point Pac West neighborhood stands out for having an average per capita income lower than 99.4% of the neighborhoods in the United States. Also of note, 57.1% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

In addition, neighborhoodScout's exclusive research revealed that 97.6% of the adult residents in the Parkway And Cherry Point Pac West neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 98.6% of the neighborhoods in America.

Also, one of the most interesting things about the Parkway And Cherry Point Pac West neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 56.8% 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 98.0% of the neighborhoods in America.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Parkway And Cherry Point Pac West neighborhood have a highly unusual car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 42.5% of the households here have four, five, or more cars. That is more cars per household than in 98.8% of the neighborhoods in the nation.

Occupations

More people work in manufacturing and as laborers here in the Parkway And Cherry Point Pac West neighborhood than in 98.1% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Furthermore, there are more people living in the Parkway And Cherry Point Pac West neighborhood employed as sales and service workers (59.3%) 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.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Parkway And Cherry Point Pac West neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 66.4% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 97.9% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Modes of Transportation

Our research reveals that 89.8% of commuters who live in the Parkway And Cherry Point Pac West neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 97.0% of U.S. neighborhoods.

Real Estate

Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 30.7% of the residential real estate vacant, the Parkway And Cherry Point Pac West neighborhood claims the distinction of having a higher vacancy rate than 95.4% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

Diversity

Did you know that the Parkway And Cherry Point Pac West neighborhood has more African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 9.5% of this neighborhood's residents have African ancestry.

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 Parkway And Cherry Point Pac West neighborhood. In the Parkway And Cherry Point Pac West neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 97.0% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

The Neighbors

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 Parkway And Cherry Point Pac West neighborhood in Lubbock are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.4% of U.S. neighborhoods. With 57.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 96.3% 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 Parkway And Cherry Point Pac West neighborhood, 46.9% 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 40.7% of the residents employed. Other residents here are employed in executive, management, and professional occupations (12.4%), and 2.7% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Parkway And Cherry Point Pac West neighborhood is English, spoken by 75.9% of households. Some people also speak Spanish (24.1%).

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 Parkway And Cherry Point Pac West neighborhood in Lubbock, TX, residents most commonly identify their ethnicity or ancestry as Mexican (40.7%). There are also a number of people of Sub-Saharan African ancestry (9.5%), and residents who report African roots (9.5%), and some of the residents are also of Scottish ancestry (3.1%), along with some English ancestry residents (2.6%), among others.

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 Parkway And Cherry Point Pac West neighborhood spend under 15 minutes commuting one-way to work (66.4% of working residents), one of the shortest commutes across America.

Here most residents (89.8%) 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 (10.2%) . 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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