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Real Estate Prices & Overview

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.

Notable & Unique Neighborhood Characteristics

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.

Occupations

The Spicewood View Office Park / Norwood Acres neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 98.5% of the neighborhoods in America. In fact, 77.7% 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.

Real Estate

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.

Modes of Transportation

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.

People

Do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 79.7% of the adults living in the Spicewood View Office Park / Norwood Acres neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 97.7% of U.S. neighborhoods. In this way, this neighborhood truly stands out.

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.

Diversity

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.

The Neighbors

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 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.

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 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.

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 Spicewood View Office Park / Norwood Acres neighborhood is English, spoken by 84.1% of households. Other important languages spoken here include Spanish and Chinese.

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 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.

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 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.


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