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Real Estate Prices & Overview

15th Street Village / Lexington Park median real estate price is $475,043, which is more expensive than 74.0% of the neighborhoods in Texas and 59.7% of the neighborhoods in the U.S.

The average rental price in 15th Street Village / Lexington Park is currently $2,280, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 76.2% of the neighborhoods in Texas.

15th Street Village / Lexington Park is a suburban neighborhood (based on population density) located in Plano, Texas.

15th Street Village / Lexington Park 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 renter occupied. Many of the residences in the 15th Street Village / Lexington Park neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Real estate vacancies in 15th Street Village / Lexington Park are 4.8%, which is lower than one will find in 68.1% of American neighborhoods. Demand for real estate in 15th Street Village / Lexington Park 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

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 Plano, the 15th Street Village / Lexington Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Diversity

Significantly, 1.2% of its residents five years old and above primarily speak Native American languages at home. While this may seem like a small percentage, it is higher than 97.9% of the neighborhoods in America.

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 15th Street Village / Lexington Park neighborhood in Plano are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 60.2% of U.S. neighborhoods. With 16.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 63.2% 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 15th Street Village / Lexington Park neighborhood, 33.2% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 30.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (28.2%), and 8.5% in clerical, assistant, and tech support occupations.

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 15th Street Village / Lexington Park neighborhood is English, spoken by 56.1% of households. Other important languages spoken here include Spanish and Langs. of India.

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 15th Street Village / Lexington Park neighborhood in Plano, TX, residents most commonly identify their ethnicity or ancestry as Mexican (23.9%). There are also a number of people of Asian ancestry (7.0%), and residents who report English roots (5.7%), and some of the residents are also of German ancestry (5.3%), along with some Sub-Saharan African ancestry residents (4.2%), among others. In addition, 29.2% of the residents of this neighborhood were born in another country.

Getting to Work

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 15th Street Village / Lexington Park neighborhood spend between 15 and 30 minutes commuting one-way to work (40.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (67.9%) 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 (11.4%) and 5.5% of residents also hop out the door and walk to work 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.


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