Lakes Of Magnolia median real estate price is $471,765, which is more expensive than 72.0% of the neighborhoods in Texas and 57.3% of the neighborhoods in the U.S.
The average rental price in Lakes Of Magnolia is currently $1,928, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 40.6% of Texas neighborhoods.
Lakes Of Magnolia is a rural neighborhood (based on population density) located in Magnolia, Texas.
Lakes Of Magnolia real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Lakes Of Magnolia neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In Lakes Of Magnolia, the current vacancy rate is 0.2%, which is a lower rate of vacancies than 93.4% of all neighborhoods in the U.S. This means that the housing supply in Lakes Of Magnolia is very tight compared to the demand for property here.
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 Magnolia, the Lakes Of Magnolia neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
While most Americans do drive to work alone each day, the Lakes Of Magnolia neighborhood stands out by having 94.5% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 99.3% of all American neighborhoods.
Divorcees may find friendship and understanding in this neighborhood, as 19.8% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 95.2% 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 Lakes Of Magnolia neighborhood in Magnolia are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 69.4% of the neighborhoods in America. In addition, 0.3% 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 80.3% 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 Lakes Of Magnolia neighborhood, 39.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 29.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.6%), and 11.5% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
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 Lakes Of Magnolia neighborhood is English, spoken by 95.9% of households. Other important languages spoken here include Polish and Spanish.
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 Lakes Of Magnolia neighborhood in Magnolia, TX, residents most commonly identify their ethnicity or ancestry as German (11.0%). There are also a number of people of English ancestry (7.7%), and residents who report Mexican roots (6.8%), and some of the residents are also of Irish ancestry (6.5%), along with some Italian ancestry residents (6.1%), 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 Lakes Of Magnolia neighborhood spend between 45 minutes and one hour commuting one-way to work (35.4% of working residents), longer and tougher than most commutes in America.
Here most residents (94.5%) 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.