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Real Estate Prices & Overview

Aldama Estates Colonia / Bauman Estates Colonia median real estate price is $141,228, which is less expensive than 84.5% of Texas neighborhoods and 89.2% of all U.S. neighborhoods.

The average rental price in Aldama Estates Colonia / Bauman Estates Colonia is currently $1,605, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 63.4% of Texas neighborhoods.

Aldama Estates Colonia / Bauman Estates Colonia is a suburban neighborhood (based on population density) located in Socorro, Texas.

Aldama Estates Colonia / Bauman Estates Colonia real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Aldama Estates Colonia / Bauman Estates Colonia 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.

Aldama Estates Colonia / Bauman Estates Colonia has a 9.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 60.3% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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

The Aldama Estates Colonia / Bauman Estates Colonia neighborhood stands out for having an average per capita income lower than 97.9% of the neighborhoods in the United States.

In addition, neighborhoodScout's analysis shows that the Aldama Estates Colonia / Bauman Estates Colonia neighborhood has a greater concentration of residents currently enrolled in college than 95.2% of the neighborhoods in the U.S. With 11.1% of the population here attending college, this is very much a college-focused neighborhood.

Also, the Aldama Estates Colonia / Bauman Estates Colonia neighborhood stands out within Texas for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 6.8% of college-friendly places to live in TX.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Aldama Estates Colonia / Bauman Estates Colonia neighborhood has a highly unusual pattern of car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 38.3% of the households here have four, five, or more cars. That is more cars per household than in 97.6% of the neighborhoods in the nation.

Diversity

Did you know that the Aldama Estates Colonia / Bauman Estates Colonia neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 94.1% of this neighborhood's residents have Mexican ancestry.

Aldama Estates Colonia / Bauman Estates Colonia is also pretty special linguistically. Significantly, 82.2% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.8% of all U.S. 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 Aldama Estates Colonia / Bauman Estates Colonia neighborhood in Socorro are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.9% of U.S. neighborhoods. With 35.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.2% 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 Aldama Estates Colonia / Bauman Estates Colonia neighborhood, 34.4% 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 33.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.0%), and 11.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Aldama Estates Colonia / Bauman Estates Colonia neighborhood is Spanish, spoken by 82.2% of households. Some people also speak English (17.8%).

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 Aldama Estates Colonia / Bauman Estates Colonia neighborhood in Socorro, TX, residents most commonly identify their ethnicity or ancestry as Mexican (94.1%). In addition, 32.4% 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 Aldama Estates Colonia / Bauman Estates Colonia neighborhood spend between 15 and 30 minutes commuting one-way to work (48.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (80.7%) 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 (15.5%) . 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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