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Real Estate Prices & Overview

Park Lane Colonia median real estate price is $99,625, which is less expensive than 90.9% of Texas neighborhoods and 93.4% of all U.S. neighborhoods.

The average rental price in Park Lane Colonia is currently $629, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 99.8% of Texas neighborhoods.

Park Lane Colonia is a suburban neighborhood (based on population density) located in Palmview, Texas.

Park Lane Colonia real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) mobile homes and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Park Lane Colonia 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.

Vacant apartments or homes are a major fact of life in Park Lane Colonia. The current real estate vacancy rate here is 40.4%. This is higher than the rate of vacancies in 97.7% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (39.1%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

The Park Lane Colonia neighborhood has a greater percentage of children living in poverty (90.3%) than found in 99.7% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

Real Estate

The Park Lane Colonia neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 58.7% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.6% of the neighborhoods in the U.S. If you like mobile homes, this might be a great neighborhood in which to look for real estate.

In addition, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 40.4% of the residential real estate vacant, the Park Lane Colonia neighborhood claims the distinction of having a higher vacancy rate than 97.7% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

Occupations

More people work in manufacturing and as laborers here in the Park Lane Colonia neighborhood than in 99.1% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Diversity

Did you know that the Park Lane Colonia neighborhood has more Canadian and Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.1% of this neighborhood's residents have Canadian ancestry and 63.6% have Mexican ancestry.

Park Lane Colonia is also pretty special linguistically. Significantly, 60.3% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 95.8% of all U.S. neighborhoods.

The Neighbors

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 Park Lane Colonia neighborhood in Palmview are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 90.9% of U.S. neighborhoods. With 90.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.7% 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 Park Lane Colonia neighborhood, 51.3% of the working population is employed in manufacturing and laborer 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 33.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.6%), and 4.3% in executive, management, and professional occupations.

Languages

The most common language spoken in the Park Lane Colonia neighborhood is Spanish, spoken by 60.3% of households. Some people also speak English (38.1%).

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 Park Lane Colonia neighborhood in Palmview, TX, residents most commonly identify their ethnicity or ancestry as Mexican (63.6%). There are also a number of people of German ancestry (12.6%), and residents who report Norwegian roots (4.2%), and some of the residents are also of English ancestry (3.6%), along with some Canadian ancestry residents (3.1%), among others. In addition, 31.1% 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 Park Lane Colonia neighborhood spend between 30 and 45 minutes commuting one-way to work (41.0% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (73.2%) 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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