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Real Estate Prices & Overview

Heritage Grand at Cinco Ranch median real estate price is $624,253, which is more expensive than 86.1% of the neighborhoods in Texas and 72.6% of the neighborhoods in the U.S.

The average rental price in Heritage Grand at Cinco Ranch is currently $2,806, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 90.1% of the neighborhoods in Texas.

Heritage Grand at Cinco Ranch is a suburban neighborhood (based on population density) located in Katy, Texas.

Heritage Grand at Cinco Ranch real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Heritage Grand at Cinco Ranch neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Heritage Grand at Cinco Ranch, the current vacancy rate is 3.0%, which is a lower rate of vacancies than 80.3% of all neighborhoods in the U.S. This means that the housing supply in Heritage Grand at Cinco Ranch is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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.

Real Estate

If you like the look and ambience of new homes and newly built neighborhoods, you will love the Heritage Grand at Cinco Ranch neighborhood. A whopping 99.5% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 99.9% of the neighborhoods in the U.S. Everything here just feels new. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.

Occupations

The Heritage Grand at Cinco Ranch neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 99.5% of the neighborhoods in America. In fact, 82.5% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.

People

If you are planning to retire in Texas, this neighborhood should be on your must-see list. For many reasons, Heritage Grand at Cinco Ranch may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Texas, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 97.6% of neighborhoods in TX. If a Texas retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for highly educated executives and urban sophisticates.

Diversity

Did you know that the Heritage Grand at Cinco Ranch neighborhood has more South American and Brazilian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.2% of this neighborhood's residents have South American ancestry and 1.6% have Brazilian ancestry.

Heritage Grand at Cinco Ranch is also pretty special linguistically. Significantly, 4.8% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 99.7% of the neighborhoods in America.

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 Heritage Grand at Cinco Ranch neighborhood in Katy are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 93.6% of the neighborhoods in America. In addition, 5.5% 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 63.1% of America'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 Heritage Grand at Cinco Ranch neighborhood, 82.5% 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 9.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (5.9%), and 3.2% in government jobs, whether they are in local, state, or federal positions.

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 Heritage Grand at Cinco Ranch neighborhood is English, spoken by 63.6% of households. Other important languages spoken here include Spanish, Chinese, Japanese and Langs. of India.

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 Heritage Grand at Cinco Ranch neighborhood in Katy, TX, residents most commonly identify their ethnicity or ancestry as Asian (22.4%). There are also a number of people of English ancestry (15.9%), and residents who report South American roots (11.2%), and some of the residents are also of German ancestry (11.2%), along with some Irish ancestry residents (9.3%), among others. In addition, 38.7% 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 Heritage Grand at Cinco Ranch neighborhood spend between 30 and 45 minutes commuting one-way to work (33.1% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (67.3%) 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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