Spicewood View Office Park / Norwood Acres median real estate price is $701,128, which is more expensive than 89.4% of the neighborhoods in Texas and 77.5% of the neighborhoods in the U.S.
The average rental price in Spicewood View Office Park / Norwood Acres is currently $2,095, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 68.0% of the neighborhoods in Texas.
Spicewood View Office Park / Norwood Acres is a suburban neighborhood (based on population density) located in Austin, Texas.
Spicewood View Office Park / Norwood Acres 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 occupied by a mixture of owners and renters. Many of the residences in the Spicewood View Office Park / Norwood Acres 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 Spicewood View Office Park / Norwood Acres are 5.0%, which is lower than one will find in 66.8% of American neighborhoods. Demand for real estate in Spicewood View Office Park / Norwood Acres 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.
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 Austin, the Spicewood View Office Park / Norwood Acres neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Executives, managers and professionals make up 77.7% of the workforce in the Spicewood View Office Park / Norwood Acres neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 98.5% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Most neighborhoods are composed of a mixture of ages of homes, but the Spicewood View Office Park / Norwood Acres stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 89.4% of the residential real estate here was built in this one time period.
A unique way of commuting is simply not to. And in the Spicewood View Office Park / Norwood Acres neighborhood, analysis shows that 32.0% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 97.8% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.
The rate of college educated adults in the Spicewood View Office Park / Norwood Acres neighborhood is a unique characteristic of the neighborhood. 79.7% 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 97.7% of all U.S. neighborhoods.
In addition, if you're nearing retirement age, or in retirement, the Spicewood View Office Park / Norwood Acres is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 7.9% of retiree-friendly neighborhoods in Texas, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Texas. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for highly educated executives.
Did you know that the Spicewood View Office Park / Norwood Acres neighborhood has more Greek and Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.8% of this neighborhood's residents have Greek ancestry and 5.0% have Scottish ancestry.
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 Spicewood View Office Park / Norwood Acres neighborhood in Austin are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 71.7% of the neighborhoods in America. With 23.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 73.4% 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 Spicewood View Office Park / Norwood Acres neighborhood, 77.7% 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 17.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (5.1%), and 4.2% in government jobs, whether they are in local, state, or federal positions.
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 Spicewood View Office Park / Norwood Acres neighborhood is English, spoken by 84.1% of households. Other important languages spoken here include Spanish and Chinese.
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Spicewood View Office Park / Norwood Acres neighborhood in Austin, TX, residents most commonly identify their ethnicity or ancestry as German (21.1%). There are also a number of people of English ancestry (14.5%), and residents who report Mexican roots (12.0%), and some of the residents are also of Irish ancestry (11.1%), along with some Sub-Saharan African ancestry residents (5.5%), among others. In addition, 13.3% 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 Spicewood View Office Park / Norwood Acres neighborhood spend between 15 and 30 minutes commuting one-way to work (59.9% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (61.9%) 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.