Oak Tree Estates / Versailles median real estate price is $1,089,345, which is more expensive than 98.1% of the neighborhoods in Texas and 92.3% of the neighborhoods in the U.S.
The average rental price in Oak Tree Estates / Versailles is currently $4,020, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 98.6% of the neighborhoods in Texas.
Oak Tree Estates / Versailles is a suburban neighborhood (based on population density) located in Southlake, Texas.
Oak Tree Estates / Versailles real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Oak Tree Estates / Versailles 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.
Real estate vacancies in Oak Tree Estates / Versailles are 3.2%, which is lower than one will find in 79.1% of American neighborhoods. Demand for real estate in Oak Tree Estates / Versailles 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.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
Real Estate
One way that the Oak Tree Estates / Versailles neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.8% 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.
In addition, real estate in the Oak Tree Estates / Versailles neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 95.3% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood.
People
Wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the Oak Tree Estates / Versailles neighborhood is wealthier than 99.5% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood.
In addition, astoundingly, NeighborhoodScout's research reveals that this single neighborhood has a higher concentration of married couples living here than 99.4% of all U.S. neighborhoods. Whether they have school-aged children or not, married couples are the rule in the Oak Tree Estates / Versailles neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests. But if you are single, you might not find many other singles here.
Also, according to NeighborhoodScout's exclusive analysis, Oak Tree Estates / Versailles is among the best neighborhoods for families in Texas. In fact, this neighborhood is more family-friendly than 99.0% of neighborhoods in the entire state of Texas. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Oak Tree Estates / Versailles neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for highly educated executives and urban sophisticates.
Finally, the rate of college educated adults in the Oak Tree Estates / Versailles neighborhood is a unique characteristic of the neighborhood. 84.4% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 34.3% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 98.9% of all U.S. neighborhoods.
Modes of Transportation
In the Oak Tree Estates / Versailles neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 33.8% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 98.4% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Occupations
The Oak Tree Estates / Versailles neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 96.5% of the neighborhoods in America. In fact, 71.9% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.
Diversity
Did you know that the Oak Tree Estates / Versailles neighborhood has more Croatian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.4% of this neighborhood's residents have Croatian ancestry.
Oak Tree Estates / Versailles is also pretty special linguistically. Significantly, 7.8% of its residents five years old and above primarily speak Polish at home. While this may seem like a small percentage, it is higher than 96.8% of the neighborhoods in America.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Oak Tree Estates / Versailles neighborhood in Southlake 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 99.5% of the neighborhoods in America. In addition, 1.3% 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 77.9% of America's neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Oak Tree Estates / Versailles neighborhood, 71.9% 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 14.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (8.8%), and 4.9% in manufacturing and laborer occupations.
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 Oak Tree Estates / Versailles neighborhood is English, spoken by 77.7% of households. Other important languages spoken here include Polish, Spanish and Chinese.
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 Oak Tree Estates / Versailles neighborhood in Southlake, TX, residents most commonly identify their ethnicity or ancestry as Asian (17.0%). There are also a number of people of English ancestry (11.6%), and residents who report German roots (11.0%), and some of the residents are also of Irish ancestry (8.8%), along with some Italian ancestry residents (5.8%), among others. In addition, 18.0% of the residents of this neighborhood were born in another country.
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 Oak Tree Estates / Versailles neighborhood spend between 30 and 45 minutes commuting one-way to work (45.4% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (59.4%) 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 (5.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
