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Real Estate Prices & Overview

Weeks Park median real estate price is $389,499, which is more expensive than 68.8% of the neighborhoods in Texas and 53.0% of the neighborhoods in the U.S.

The average rental price in Weeks Park is currently $1,367, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 82.0% of Texas neighborhoods.

Weeks Park is a suburban neighborhood (based on population density) located in Wichita Falls, Texas.

Weeks 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 occupied by a mixture of owners and renters. Many of the residences in the Weeks Park neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Weeks Park has a 11.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 65.9% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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 Wichita Falls, the Weeks Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Weeks Park neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Weeks Park neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 68.9% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 98.3% of U.S. neighborhoods. Less time commuting means more time for other things in life.

People

NeighborhoodScout's analysis shows that the Weeks Park neighborhood has a greater concentration of residents currently enrolled in college than 96.5% of the neighborhoods in the U.S. With 13.5% of the population here attending college, this is very much a college-focused neighborhood.

In addition, the Weeks Park 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 8.9% of college-friendly places to live in TX.

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 Weeks Park neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 97.7% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

Diversity

Did you know that the Weeks Park neighborhood has more African and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.3% of this neighborhood's residents have African ancestry and 12.4% have Sub-Saharan African ancestry.

Weeks Park is also pretty special linguistically. Significantly, 4.3% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 97.0% of the neighborhoods in America.

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 Weeks Park neighborhood in Wichita Falls are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 47.4% of the neighborhoods in America. With 20.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 68.7% 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 Weeks Park neighborhood, 54.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 21.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.6%), and 8.6% 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 Weeks Park neighborhood is English, spoken by 87.0% of households. Other important languages spoken here include Italian, Spanish and French.

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 Weeks Park neighborhood in Wichita Falls, TX, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (12.4%). There are also a number of people of German ancestry (9.7%), and residents who report Mexican roots (7.6%), and some of the residents are also of African ancestry (7.3%), along with some Irish ancestry residents (6.7%), among others. In addition, 12.3% 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 Weeks Park neighborhood spend under 15 minutes commuting one-way to work (68.9% of working residents), one of the shortest commutes across America.

Here most residents (79.5%) 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 (11.9%) . 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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