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Real Estate Prices & Overview

Preston Smith median real estate price is $180,855, which is less expensive than 76.6% of Texas neighborhoods and 83.6% of all U.S. neighborhoods.

The average rental price in Preston Smith is currently $1,568, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 64.2% of Texas neighborhoods.

Preston Smith is an urban neighborhood (based on population density) located in Lubbock, Texas.

Preston Smith real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Preston Smith neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Home and apartment vacancy rates are 7.1% in Preston Smith. NeighborhoodScout analysis shows that this rate is lower than 51.7% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Lubbock, the Preston Smith neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Preston Smith neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 23.5% of its workforce, this neighborhood has a greater concentration of government workers than 99.5% of U.S. neighborhoods.

Modes of Transportation

Our research reveals that 91.7% of commuters who live in the Preston Smith neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 98.4% of U.S. neighborhoods.

People

One of the really interesting characteristics about the Preston Smith 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.

In addition, neighborhoodScout's analysis shows that the Preston Smith neighborhood has a greater concentration of residents currently enrolled in college than 97.1% of the neighborhoods in the U.S. With 15.3% of the population here attending college, this is very much a college-focused neighborhood.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the Preston Smith stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 85.9% of the residential real estate here was built in this one time period.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Preston Smith neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Preston Smith neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 10.1% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 95.7% of all neighborhoods in America.

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 Preston Smith neighborhood in Lubbock are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 46.8% of the neighborhoods in America. With 20.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 69.8% 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 Preston Smith neighborhood, 38.9% 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 28.6% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (23.5%), and 16.3% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Preston Smith neighborhood is English, spoken by 79.8% of households. Some people also speak Spanish (18.3%).

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 Preston Smith neighborhood in Lubbock, TX, residents most commonly identify their ethnicity or ancestry as Mexican (18.3%). There are also a number of people of English ancestry (6.1%), and residents who report Irish roots (5.8%), and some of the residents are also of German ancestry (5.4%), along with some Asian ancestry residents (3.2%), among others. In addition, 10.9% 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 Preston Smith neighborhood spend between 15 and 30 minutes commuting one-way to work (55.9% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (10.1%) who commute over an hour in each direction.

Here most residents (91.7%) 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 (5.5%) . 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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