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Real Estate Prices & Overview

Olmos Park Terrace median real estate price is $275,945, which is more expensive than 39.0% of the neighborhoods in Texas and 29.6% of the neighborhoods in the U.S.

The average rental price in Olmos Park Terrace is currently $1,517, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 67.4% of Texas neighborhoods.

Olmos Park Terrace is an urban neighborhood (based on population density) located in San Antonio, Texas.

Olmos Park Terrace 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 Olmos Park Terrace neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 7.8% in Olmos Park Terrace. NeighborhoodScout analysis shows that this rate is lower than 46.6% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

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.

Modes of Transportation

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 7.4% of residents in the Olmos Park Terrace neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 99.3% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Diversity

Did you know that the Olmos Park Terrace neighborhood has more British and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.2% of this neighborhood's residents have British ancestry and 2.4% have Hungarian ancestry.

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 Olmos Park Terrace neighborhood in San Antonio are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 77.4% of U.S. neighborhoods. With 28.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 81.1% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Olmos Park Terrace neighborhood, 39.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 29.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.2%), and 11.2% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Olmos Park Terrace neighborhood is English, spoken by 53.6% of households. Some people also speak Spanish (43.6%).

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 Olmos Park Terrace neighborhood in San Antonio, TX, residents most commonly identify their ethnicity or ancestry as Mexican (58.1%). There are also a number of people of German ancestry (6.2%), and residents who report Asian roots (3.6%), and some of the residents are also of English ancestry (3.5%), along with some Spanish ancestry residents (3.4%), among others. In addition, 20.5% of the residents of this neighborhood were born in another country.

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 Olmos Park Terrace neighborhood spend between 15 and 30 minutes commuting one-way to work (40.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (62.5%) 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 (10.4%) and 7.4% of residents also bicycle for their daily commute. 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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