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Real Estate Prices & Overview

Riverforest / Oak Grove Estates median real estate price is $956,162, which is more expensive than 97.0% of the neighborhoods in Texas and 89.5% of the neighborhoods in the U.S.

The average rental price in Riverforest / Oak Grove Estates is currently $4,588, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 99.3% of the neighborhoods in Texas.

Riverforest / Oak Grove Estates is a rural neighborhood (based on population density) located in New Braunfels, Texas.

Riverforest / Oak Grove 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 apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Riverforest / Oak Grove Estates neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Riverforest / Oak Grove Estates, the current vacancy rate is 3.0%, which is a lower rate of vacancies than 80.2% of all neighborhoods in the U.S. This means that the housing supply in Riverforest / Oak Grove Estates is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

Priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Riverforest / Oak Grove Estates neighborhood may actually hold the key. 73.9% of its residents are married, which is a higher percentage than is found in 98.6% of the neighborhoods in America.

In addition, if you are planning to retire in Texas, this neighborhood should be on your must-see list. For many reasons, Riverforest / Oak Grove Estates 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 98.1% 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 families with school-aged children, highly educated executives and urban sophisticates.

Real Estate

One way that the Riverforest / Oak Grove Estates neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 96.0% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.

Occupations

With 1.6% of employed workers living in the Riverforest / Oak Grove Estates neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 95.3% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Diversity

Did you know that the Riverforest / Oak Grove Estates neighborhood has more Armenian and Danish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.2% of this neighborhood's residents have Armenian ancestry and 2.5% 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 Riverforest / Oak Grove Estates neighborhood in New Braunfels 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 89.8% of the neighborhoods in America. In addition, 1.9% 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 75.6% 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 Riverforest / Oak Grove Estates neighborhood, 48.3% 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 28.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.5%), and 8.9% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Riverforest / Oak Grove Estates neighborhood is English, spoken by 91.5% of households. Some people also speak Spanish (7.2%).

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 Riverforest / Oak Grove Estates neighborhood in New Braunfels, TX, residents most commonly identify their ethnicity or ancestry as German (23.0%). There are also a number of people of Mexican ancestry (11.5%), and residents who report Irish roots (7.2%), and some of the residents are also of English ancestry (6.5%), along with some South American ancestry residents (4.1%), 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 Riverforest / Oak Grove Estates neighborhood spend under 15 minutes commuting one-way to work (33.8% of working residents), one of the shortest commutes across America.

Here most residents (84.4%) 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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