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Real Estate Prices & Overview

The Homesteads median real estate price is $128,839, which is less expensive than 87.3% of Texas neighborhoods and 91.0% of all U.S. neighborhoods.

The average rental price in The Homesteads is currently $1,853, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 45.5% of Texas neighborhoods.

The Homesteads is a rural neighborhood (based on population density) located in Alvarado, Texas.

The Homesteads real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) mobile homes and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the The Homesteads neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

The Homesteads has a 14.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 75.7% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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 Alvarado, the The Homesteads neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

More people work in manufacturing and as laborers here in the The Homesteads neighborhood than in 99.9% 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.

Real Estate

The The Homesteads neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 74.1% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.9% of the neighborhoods in the U.S. If you like mobile homes, this might be a great neighborhood in which to look for real estate.

Diversity

Did you know that the The Homesteads neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 59.4% of this neighborhood's residents have Mexican ancestry.

The Neighbors

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 The Homesteads neighborhood in Alvarado are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 63.9% of U.S. neighborhoods. With 44.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 91.5% of U.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 The Homesteads neighborhood, 61.9% 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 19.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (15.2%), and 3.4% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the The Homesteads neighborhood is Spanish, spoken by 56.1% of households. Other important languages spoken here include English and Italian.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the The Homesteads neighborhood in Alvarado, TX, residents most commonly identify their ethnicity or ancestry as Mexican (59.4%). There are also a number of people of Irish ancestry (6.1%), and residents who report German roots (3.4%), and some of the residents are also of English ancestry (3.0%), along with some French ancestry residents (1.6%), among others. In addition, 13.5% 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 The Homesteads neighborhood spend between 30 and 45 minutes commuting one-way to work (39.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (85.5%) 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.


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