The Strand Lofts / Galveston Electric Company Lofts median real estate price is $377,291, which is more expensive than 68.4% of the neighborhoods in Texas and 50.9% of the neighborhoods in the U.S.
The average rental price in The Strand Lofts / Galveston Electric Company Lofts is currently $1,752, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 50.8% of Texas neighborhoods.
The Strand Lofts / Galveston Electric Company Lofts is a suburban neighborhood (based on population density) located in Galveston, Texas.
The Strand Lofts / Galveston Electric Company Lofts 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the The Strand Lofts / Galveston Electric Company Lofts neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in The Strand Lofts / Galveston Electric Company Lofts. The current real estate vacancy rate here is 27.3%. This is higher than the rate of vacancies in 93.8% 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.
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.
Of note is NeighborhoodScout's research finding that the The Strand Lofts / Galveston Electric Company Lofts neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the The Strand Lofts / Galveston Electric Company Lofts community truly stands out from the rest in this regard.
In addition, one of the most interesting things about the The Strand Lofts / Galveston Electric Company Lofts neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 55.2% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 97.6% of the neighborhoods in America.
Also, the The Strand Lofts / Galveston Electric Company Lofts neighborhood stands out within Texas for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 5.9% of college-friendly places to live in TX.
Would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the The Strand Lofts / Galveston Electric Company Lofts neighborhood is a fantastic option for bicycle commuters, as 12.6% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 99.8% of the neighborhoods in America.
Also, more people in The Strand Lofts / Galveston Electric Company Lofts choose to walk to work each day (11.3%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
The The Strand Lofts / Galveston Electric Company Lofts neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 85.0% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
In addition, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 66.9% of the residential real estate in the The Strand Lofts / Galveston Electric Company Lofts neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 98.1% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Did you know that the The Strand Lofts / Galveston Electric Company Lofts neighborhood has more Iranian and Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.8% of this neighborhood's residents have Iranian ancestry and 1.9% have Ukrainian ancestry.
The Strand Lofts / Galveston Electric Company Lofts is also pretty special linguistically. Significantly, 0.6% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 95.3% of the neighborhoods in America.
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 The Strand Lofts / Galveston Electric Company Lofts neighborhood in Galveston are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 80.1% of U.S. neighborhoods. In addition, 0.0% 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 100.0% 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 The Strand Lofts / Galveston Electric Company Lofts neighborhood, 51.2% 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 32.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (10.5%), and 5.5% in clerical, assistant, and tech support occupations.
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 The Strand Lofts / Galveston Electric Company Lofts neighborhood is English, spoken by 76.4% of households. Other important languages spoken here include Spanish and Italian.
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 The Strand Lofts / Galveston Electric Company Lofts neighborhood in Galveston, TX, residents most commonly identify their ethnicity or ancestry as Irish (17.8%). There are also a number of people of Mexican ancestry (15.0%), and residents who report English roots (12.3%), and some of the residents are also of German ancestry (9.1%), along with some Italian ancestry residents (5.0%), among others. In addition, 10.1% of the residents of this neighborhood were born in another country.
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 The Strand Lofts / Galveston Electric Company Lofts neighborhood spend under 15 minutes commuting one-way to work (52.5% of working residents), one of the shortest commutes across America.
Here most residents (45.4%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (21.4%) and 12.6% of residents also bicycle 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.