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Real Estate Prices & Overview

Ranch Rd 307 / S Co Rd 1130 median real estate price is $518,408, which is more expensive than 79.7% of the neighborhoods in Texas and 65.2% of the neighborhoods in the U.S.

The average rental price in Ranch Rd 307 / S Co Rd 1130 is currently $2,216, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 73.4% of the neighborhoods in Texas.

Ranch Rd 307 / S Co Rd 1130 is a rural neighborhood (based on population density) located in Midland, Texas.

Ranch Rd 307 / S Co Rd 1130 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 Ranch Rd 307 / S Co Rd 1130 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.

In Ranch Rd 307 / S Co Rd 1130, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Ranch Rd 307 / S Co Rd 1130 is very tight compared to the demand for property here.

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 Midland, the Ranch Rd 307 / S Co Rd 1130 neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Ranch Rd 307 / S Co Rd 1130 neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.

In addition, the real estate in this neighborhood consists of more mobile homes than 97.9% of all neighborhoods in America, with 40.6% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.

People

In a nation where 1 out of every 4 children lives in poverty, the Ranch Rd 307 / S Co Rd 1130 neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

Occupations

With 3.9% of employed workers living in the Ranch Rd 307 / S Co Rd 1130 neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 98.3% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Ranch Rd 307 / S Co Rd 1130 neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 35.4% of the households here have four, five, or more cars. That is more cars per household than in 96.3% of the neighborhoods in the nation.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the Ranch Rd 307 / S Co Rd 1130 neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 95.6% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

Diversity

Did you know that the Ranch Rd 307 / S Co Rd 1130 neighborhood has more Danish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.7% of this neighborhood's residents have Danish 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 Ranch Rd 307 / S Co Rd 1130 neighborhood in Midland 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 90.8% of the neighborhoods in America. In addition, 0.0% 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 100.0% 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 Ranch Rd 307 / S Co Rd 1130 neighborhood, 40.4% 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 28.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (22.3%), and 8.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Ranch Rd 307 / S Co Rd 1130 neighborhood is English, spoken by 75.8% of households. Some people also speak Spanish (24.2%).

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 Ranch Rd 307 / S Co Rd 1130 neighborhood in Midland, TX, residents most commonly identify their ethnicity or ancestry as Mexican (31.1%). There are also a number of people of German ancestry (12.7%), and residents who report English roots (12.2%), and some of the residents are also of Scottish ancestry (3.3%), along with some Swedish ancestry residents (2.2%), among others.

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 Ranch Rd 307 / S Co Rd 1130 neighborhood spend between 15 and 30 minutes commuting one-way to work (53.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (78.0%) 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 (14.6%) and 5.6% of residents also hop out the door and walk to work 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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