Downtown median real estate price is $103,522, which is less expensive than 92.7% of Texas neighborhoods and 94.6% of all U.S. neighborhoods.
The average rental price in Downtown is currently $1,757, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 50.5% of Texas neighborhoods.
Downtown is a suburban neighborhood (based on population density) located in Waco, Texas.
Downtown real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Downtown neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Downtown. The current real estate vacancy rate here is 21.2%. This is higher than the rate of vacancies in 89.0% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
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 Waco, the Downtown neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The Downtown neighborhood stands out for having an average per capita income lower than 98.8% of the neighborhoods in the United States.
In addition, neighborhoodScout's analysis shows that the Downtown neighborhood has a greater concentration of residents currently enrolled in college than 97.9% of the neighborhoods in the U.S. With 20.9% of the population here attending college, this is very much a college-focused neighborhood.
Also, of particular note, 2.6% of the people in the Downtown neighborhood currently reside in a correction facility, held due to punishment for a crime.
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Downtown neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 98.2% of all American neighborhoods.
In the Downtown neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 11.3% of residents here. This is a higher proportion of walking commuters than we found in 95.7% of American neighborhoods. Get ready to put on your walking shoes if you move here!
84.9% of the real estate in the Downtown neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Did you know that the Downtown neighborhood has more Greek and British ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.5% of this neighborhood's residents have Greek ancestry and 2.1% have British ancestry.
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Downtown neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.6% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
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 Downtown neighborhood in Waco are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 98.8% of U.S. neighborhoods. With 35.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.3% of U.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 Downtown neighborhood, 43.3% 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 26.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.7%), and 8.4% in clerical, assistant, and tech support occupations.
The most common language spoken in the Downtown neighborhood is English, spoken by 79.9% of households. Some people also speak Spanish (17.6%).
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 Downtown neighborhood in Waco, TX, residents most commonly identify their ethnicity or ancestry as Mexican (31.9%). There are also a number of people of German ancestry (10.5%), and residents who report Sub-Saharan African roots (4.4%), and some of the residents are also of African ancestry (4.4%), along with some Greek ancestry residents (3.5%), among others.
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 Downtown neighborhood spend under 15 minutes commuting one-way to work (45.4% of working residents), one of the shortest commutes across America.
Here most residents (76.7%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (11.3%) and 9.1% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.