Richmond East median real estate price is $526,634, which is more expensive than 85.1% of the neighborhoods in Texas and 68.2% of the neighborhoods in the U.S.
The average rental price in Richmond East is currently $2,345, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 79.6% of the neighborhoods in Texas.
Richmond East is a rural neighborhood (based on population density) located in Richmond, Texas.
Richmond East 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 renter occupied. Many of the residences in the Richmond East neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In Richmond East, 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 Richmond East is very tight compared to the demand for property here.
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.
98.1% of the real estate in the Richmond East neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America. 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 Richmond East 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 98.6% of all neighborhoods in America, with 45.2% 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.
Of note is NeighborhoodScout's research finding that the Richmond East 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 Richmond East community truly stands out from the rest in this regard.
In addition, an interesting characteristic about the Richmond East neighborhood is that there are more incarcerated people living here than 99.9% of neighborhoods in the U.S. The United States has the highest rate of incarceration in the world, currently with 1 out of every 100 adults in the country are incarcerated as a punishment for crimes committed. The extremely high incarceration rate of this neighborhood could mean that a prison, juvenile detention facility or other correctional facility occupies a large proportion of the neighborhood, or contains a large portion of the neighborhood's population.
Also, the Richmond East neighborhood is unique for having just 4.8% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 97.7% of America's neighborhoods.
While most Americans do drive to work alone each day, the Richmond East neighborhood stands out by having 100.0% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 99.9% of all American neighborhoods.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Richmond East neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 69.8% 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 98.5% of U.S. neighborhoods. Less time commuting means more time for other things in life.
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 Richmond East neighborhood. In the Richmond East neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 97.1% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
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 Richmond East neighborhood in Richmond are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% of U.S. neighborhoods. 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 Richmond East neighborhood, 36.5% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 33.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (30.2%).
The most common language spoken in the Richmond East neighborhood is English, spoken by 68.3% of households. Some people also speak Spanish (29.7%).
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 Richmond East neighborhood in Richmond, TX, residents most commonly identify their ethnicity or ancestry as Mexican (38.2%). There are also a number of people of Irish ancestry (13.4%), and residents who report German roots (10.7%), and some of the residents are also of Sub-Saharan African ancestry (4.8%), along with some African ancestry residents (4.8%), among others.
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 Richmond East neighborhood spend under 15 minutes commuting one-way to work (69.8% of working residents), one of the shortest commutes across America.
Here most residents (100.0%) 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.