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Real Estate Prices & Overview

Luxello median real estate price is $310,746, which is more expensive than 55.7% of the neighborhoods in Texas and 41.3% of the neighborhoods in the U.S.

The average rental price in Luxello is currently $2,467, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 82.3% of the neighborhoods in Texas.

Luxello is a suburban neighborhood (based on population density) located in Selma, Texas.

Luxello real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Luxello neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Luxello are 3.7%, which is lower than one will find in 75.3% of American neighborhoods. Demand for real estate in Luxello 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 Selma, the Luxello neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

If you like the look and ambience of new homes and newly built neighborhoods, you will love the Luxello neighborhood. A whopping 92.7% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 99.2% of the neighborhoods in the U.S. Everything here just feels new. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.

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 Luxello neighborhood in Selma are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 72.2% of the neighborhoods in America. With 11.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 51.8% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Luxello neighborhood, 45.7% 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 20.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.3%), and 15.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Luxello neighborhood is English, spoken by 77.9% of households. Some people also speak Spanish (14.9%).

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 Luxello neighborhood in Selma, TX, residents most commonly identify their ethnicity or ancestry as Mexican (29.4%). There are also a number of people of German ancestry (6.7%), and residents who report Asian roots (5.9%), and some of the residents are also of Sub-Saharan African ancestry (5.6%), along with some Irish ancestry residents (5.5%), among others.

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 Luxello neighborhood spend between 15 and 30 minutes commuting one-way to work (52.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (82.7%) 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 (6.8%) . 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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