W Renner Rd / Alma Rd median real estate price is $530,111, which is more expensive than 84.6% of the neighborhoods in Texas and 69.2% of the neighborhoods in the U.S.
The average rental price in W Renner Rd / Alma Rd is currently $3,020, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.3% of the neighborhoods in Texas.
W Renner Rd / Alma Rd is a suburban neighborhood (based on population density) located in Richardson, Texas.
W Renner Rd / Alma Rd 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 occupied by a mixture of owners and renters. Many of the residences in the W Renner Rd / Alma Rd 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.
Real estate vacancies in W Renner Rd / Alma Rd are 4.0%, which is lower than one will find in 73.3% of American neighborhoods. Demand for real estate in W Renner Rd / Alma Rd 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.
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 Richardson, the W Renner Rd / Alma Rd neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
People
Of note is NeighborhoodScout's research finding that the W Renner Rd / Alma Rd 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 W Renner Rd / Alma Rd community truly stands out from the rest in this regard.
In addition, divorcees may find friendship and understanding in this neighborhood, as 21.9% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 97.5% of the neighborhoods in America.
Real Estate
Renter-occupied real estate is dominant in the W Renner Rd / Alma Rd neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 100.0%, which is higher than 99.3% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
In addition, the W Renner Rd / Alma Rd 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 92.5% 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.
Furthermore, corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the W Renner Rd / Alma Rd neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 32.4% of the real estate here is made up of such dwellings, which is higher than 95.4% of all U.S. neighborhoods.
Occupations
The W Renner Rd / Alma Rd neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 98.5% of the neighborhoods in America. In fact, 77.6% 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.
Modes of Transportation
In the W Renner Rd / Alma Rd neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 23.7% of commuters carpool here, which is more than in 96.3% of all U.S. neighborhoods.
Diversity
Did you know that the W Renner Rd / Alma Rd neighborhood has more Canadian and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.7% of this neighborhood's residents have Canadian ancestry and 1.3% have Lebanese ancestry.
W Renner Rd / Alma Rd is also pretty special linguistically. Significantly, 13.6% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 98.6% of the neighborhoods in America.
Migration / Stability
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the W Renner Rd / Alma Rd neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.9% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
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 W Renner Rd / Alma Rd neighborhood in Richardson are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 54.8% of the neighborhoods in America. 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.
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 W Renner Rd / Alma Rd neighborhood, 77.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 13.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (5.4%), and 4.0% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
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 W Renner Rd / Alma Rd neighborhood is English, spoken by 79.3% of households. Other important languages spoken here include Chinese, Spanish and Langs. of India.
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 W Renner Rd / Alma Rd neighborhood in Richardson, TX, residents most commonly identify their ethnicity or ancestry as English (16.1%). There are also a number of people of Asian ancestry (16.0%), and residents who report Canadian roots (8.7%), and some of the residents are also of German ancestry (8.2%), along with some Irish ancestry residents (6.5%), among others. In addition, 26.2% 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 W Renner Rd / Alma Rd neighborhood spend between 15 and 30 minutes commuting one-way to work (61.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (62.1%) 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 (23.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
