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Real Estate Prices & Overview

Magnolia Ridge / Wildwood Estates median real estate price is $354,545, which is more expensive than 47.8% of the neighborhoods in Texas and 39.2% of the neighborhoods in the U.S.

The average rental price in Magnolia Ridge / Wildwood Estates is currently $1,437, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 77.0% of Texas neighborhoods.

Magnolia Ridge / Wildwood Estates is a rural neighborhood (based on population density) located in Magnolia, Texas.

Magnolia Ridge / Wildwood Estates real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Magnolia Ridge / Wildwood Estates 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.

Home and apartment vacancy rates are 6.5% in Magnolia Ridge / Wildwood Estates. NeighborhoodScout analysis shows that this rate is lower than 56.5% 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 Magnolia, the Magnolia Ridge / Wildwood Estates neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Diversity

Did you know that the Magnolia Ridge / Wildwood Estates neighborhood has more Romanian and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.7% of this neighborhood's residents have Romanian ancestry and 2.3% 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 Magnolia Ridge / Wildwood Estates neighborhood in Magnolia are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 65.1% of U.S. neighborhoods. In addition, 10.1% 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 50.5% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Magnolia Ridge / Wildwood Estates neighborhood, 36.0% 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 29.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (26.0%), and 8.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Magnolia Ridge / Wildwood Estates neighborhood is English, spoken by 76.2% of households. Some people also speak Spanish (19.5%).

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 Magnolia Ridge / Wildwood Estates neighborhood in Magnolia, TX, residents most commonly identify their ethnicity or ancestry as Mexican (20.1%). There are also a number of people of German ancestry (10.4%), and residents who report English roots (6.4%), and some of the residents are also of Irish ancestry (6.1%), along with some French ancestry residents (5.7%), among others. In addition, 14.4% 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 Magnolia Ridge / Wildwood Estates neighborhood spend between 45 minutes and one hour commuting one-way to work (36.3% of working residents), longer and tougher than most commutes in America.

Here most residents (71.6%) 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 (9.0%) . 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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