Preston Smith median real estate price is $203,301, which is less expensive than 69.8% of Texas neighborhoods and 78.4% of all U.S. neighborhoods.
The average rental price in Preston Smith is currently $1,975, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 62.6% of the neighborhoods in Texas.
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 townhomes. 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.
In Preston Smith, the current vacancy rate is 3.0%, which is a lower rate of vacancies than 80.0% of all neighborhoods in the U.S. This means that the housing supply in Preston Smith is very tight compared to the demand for property here.
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.
In a nation where 1 out of every 4 children lives in poverty, the Preston Smith neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, neighborhoodScout's analysis shows that the Preston Smith neighborhood has a greater concentration of residents currently enrolled in college than 96.6% of the neighborhoods in the U.S. With 13.7% of the population here attending college, this is very much a college-focused neighborhood.
Also, 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 4.8% of college-friendly places to live in the state of Texas.
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 21.5% of its workforce, this neighborhood has a greater concentration of government workers than 99.3% of U.S. neighborhoods.
While most Americans do drive to work alone each day, the Preston Smith neighborhood stands out by having 90.8% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 97.2% of all American neighborhoods.
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, 84.2% of the residential real estate here was built in this one time period.
Did you know that the Preston Smith neighborhood has more Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.3% of this neighborhood's residents have Canadian ancestry.
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 48.6% 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.
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 Preston Smith neighborhood, 40.3% 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 23.2% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (21.5%), and 19.0% in manufacturing and laborer occupations.
The most common language spoken in the Preston Smith neighborhood is English, spoken by 78.5% of households. Some people also speak Spanish (20.6%).
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 Preston Smith neighborhood in Lubbock, TX, residents most commonly identify their ethnicity or ancestry as Mexican (16.0%). There are also a number of people of English ancestry (8.1%), and residents who report German roots (5.8%), and some of the residents are also of Irish ancestry (5.5%), along with some Canadian ancestry residents (2.3%), among others. In addition, 10.1% of the residents of this neighborhood were born in another country.
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 (54.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (90.8%) 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 (8.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.