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Real Estate Prices & Overview

Lipizzan Dr / Wheeler Ridge Dr median real estate price is $282,922, which is more expensive than 50.8% of the neighborhoods in Texas and 38.7% of the neighborhoods in the U.S.

The average rental price in Lipizzan Dr / Wheeler Ridge Dr is currently $3,561, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 97.2% of the neighborhoods in Texas.

Lipizzan Dr / Wheeler Ridge Dr is a suburban neighborhood (based on population density) located in Denton, Texas.

Lipizzan Dr / Wheeler Ridge Dr 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 Lipizzan Dr / Wheeler Ridge Dr neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Lipizzan Dr / Wheeler Ridge Dr, 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 Lipizzan Dr / Wheeler Ridge Dr 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 Denton, the Lipizzan Dr / Wheeler Ridge Dr neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

With a real estate vacancy rate of only 0.0%, the Lipizzan Dr / Wheeler Ridge Dr neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.

In addition, homes built from 2000 through today make up a higher proportion of the Lipizzan Dr / Wheeler Ridge Dr neighborhood's real estate landscape than 96.1% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 71.6% of the residential real estate here is classified as newer.

Occupations

There are more people living in the Lipizzan Dr / Wheeler Ridge Dr neighborhood employed as sales and service workers (55.5%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Furthermore, the Lipizzan Dr / Wheeler Ridge Dr neighborhood has a greater proportion of government workers living in it than 95.0% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Lipizzan Dr / Wheeler Ridge Dr neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 34.5% of the households here have four, five, or more cars. That is more cars per household than in 95.9% of the neighborhoods in the nation.

Modes of Transportation

While most Americans do drive to work alone each day, the Lipizzan Dr / Wheeler Ridge Dr neighborhood stands out by having 89.4% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 95.6% of all American neighborhoods.

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 Lipizzan Dr / Wheeler Ridge Dr neighborhood in Denton are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 68.7% of the neighborhoods in America. With 34.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 85.5% of U.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 Lipizzan Dr / Wheeler Ridge Dr neighborhood, 44.5% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 27.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.3%), and 12.6% 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 Lipizzan Dr / Wheeler Ridge Dr neighborhood is English, spoken by 67.3% of households. Other important languages spoken here include Spanish and Polish.

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 Lipizzan Dr / Wheeler Ridge Dr neighborhood in Denton, TX, residents most commonly identify their ethnicity or ancestry as Mexican (26.1%). There are also a number of people of German ancestry (16.0%), and residents who report Irish roots (9.4%), and some of the residents are also of English ancestry (8.7%), along with some Sub-Saharan African ancestry residents (5.4%), among others. In addition, 13.3% 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 Lipizzan Dr / Wheeler Ridge Dr neighborhood spend between 15 and 30 minutes commuting one-way to work (38.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (89.4%) 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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