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Real Estate Prices & Overview

Memorial Parkway North median real estate price is $436,369, which is more expensive than 76.0% of the neighborhoods in Texas and 59.6% of the neighborhoods in the U.S.

The average rental price in Memorial Parkway North is currently $2,002, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 63.8% of the neighborhoods in Texas.

Memorial Parkway North is a suburban neighborhood (based on population density) located in Houston, Texas.

Memorial Parkway North 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 owner occupied. Many of the residences in the Memorial Parkway North neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 7.4% in Memorial Parkway North. NeighborhoodScout analysis shows that this rate is lower than 51.5% 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 Houston, the Memorial Parkway North neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The real estate in the Memorial Parkway North neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 76.2% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 96.1% of American neighborhoods.

Diversity

Did you know that the Memorial Parkway North neighborhood has more South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 16.9% of this neighborhood's residents have South American 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 Memorial Parkway North neighborhood in Houston are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 85.1% of U.S. neighborhoods. With 22.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 72.4% 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 Memorial Parkway North neighborhood, 43.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 27.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (15.7%), and 13.9% 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 Memorial Parkway North neighborhood is English, spoken by 72.2% of households. Other important languages spoken here include Spanish and Langs. of India.

Ethnicity / Ancestry

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 Memorial Parkway North neighborhood in Houston, TX, residents most commonly identify their ethnicity or ancestry as South American (16.9%). There are also a number of people of English ancestry (15.7%), and residents who report German roots (14.3%), and some of the residents are also of Sub-Saharan African ancestry (9.8%), along with some Mexican ancestry residents (6.6%), among others. In addition, 22.3% 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 Memorial Parkway North neighborhood spend between 45 minutes and one hour commuting one-way to work (35.0% of working residents), longer and tougher than most commutes in America.

Here most residents (78.8%) 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 (9.1%) . 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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