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Real Estate Prices & Overview

Lake Forest / Pecan Lake Estates median real estate price is $336,319, which is more expensive than 61.3% of the neighborhoods in Texas and 45.8% of the neighborhoods in the U.S.

The average rental price in Lake Forest / Pecan Lake Estates is currently $2,842, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 90.7% of the neighborhoods in Texas.

Lake Forest / Pecan Lake Estates is a suburban neighborhood (based on population density) located in Lake Jackson, Texas.

Lake Forest / Pecan Lake 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 Lake Forest / Pecan Lake Estates neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Lake Forest / Pecan Lake Estates are 5.2%, which is lower than one will find in 65.1% of American neighborhoods. Demand for real estate in Lake Forest / Pecan Lake Estates is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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 Lake Jackson, the Lake Forest / Pecan Lake Estates neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

In a nation where 1 out of every 4 children lives in poverty, the Lake Forest / Pecan Lake Estates neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, the Lake Forest / Pecan Lake Estates neighborhood is a great option for families, as revealed by NeighborhoodScout's research on this neighborhood. The combination of top public schools, low crime rates, and owner-occupied single family homes, make this neighborhood among the top 5.6% of family-friendly neighborhoods in the state of Texas. Many other families also live here, making it easy to socialize and develop a sense of community. In addition, families here highly value education, as is reflected by the strength of the local schools. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for college students.

Real Estate

The Lake Forest / Pecan Lake Estates neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 98.8% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 97.4% of all neighborhoods in America.

In addition, owner-occupied real estate dominates the Lake Forest / Pecan Lake Estates neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 95.8% of neighborhoods in America.

Diversity

Did you know that the Lake Forest / Pecan Lake Estates neighborhood has more Slovak and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.1% of this neighborhood's residents have Slovak ancestry and 3.2% have Russian ancestry.

Lake Forest / Pecan Lake Estates is also pretty special linguistically. Significantly, 0.9% 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 96.8% 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 Lake Forest / Pecan Lake Estates neighborhood in Lake Jackson 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 87.7% 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.

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 Lake Forest / Pecan Lake Estates neighborhood, 54.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 18.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.1%), and 10.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Lake Forest / Pecan Lake Estates neighborhood is English, spoken by 81.7% of households. Some people also speak Spanish (16.2%).

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 Lake Forest / Pecan Lake Estates neighborhood in Lake Jackson, TX, residents most commonly identify their ethnicity or ancestry as Mexican (21.3%). There are also a number of people of English ancestry (13.1%), and residents who report German roots (11.3%), and some of the residents are also of Irish ancestry (8.3%), along with some French ancestry residents (4.0%), 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 Lake Forest / Pecan Lake Estates neighborhood spend between 15 and 30 minutes commuting one-way to work (39.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (83.6%) 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 (7.1%) . 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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Crime includes:
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Schools include:
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