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Real Estate Prices & Overview

Altamira West Number 2 Colonia / La Estancia Colonia median real estate price is $364,669, which is more expensive than 64.6% of the neighborhoods in Texas and 49.3% of the neighborhoods in the U.S.

The average rental price in Altamira West Number 2 Colonia / La Estancia Colonia is currently $1,981, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 62.9% of the neighborhoods in Texas.

Altamira West Number 2 Colonia / La Estancia Colonia is a suburban neighborhood (based on population density) located in Edinburg, Texas.

Altamira West Number 2 Colonia / La Estancia Colonia real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Altamira West Number 2 Colonia / La Estancia Colonia neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Altamira West Number 2 Colonia / La Estancia Colonia has a 12.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 69.6% 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 Edinburg, the Altamira West Number 2 Colonia / La Estancia Colonia neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

Our research shows that more people carpool to work here in the Altamira West Number 2 Colonia / La Estancia Colonia (24.5%) than in 96.8% of the neighborhoods in America.

People

With more than 1.8% of residents living with a same sex partner, Altamira West Number 2 Colonia / La Estancia Colonia is truly a neighborhood that stands out from the rest in this regard. In fact, exclusive analysis by NeighborhoodScout reveals that this neighborhood has a greater concentration of same sex couples than 96.2% of U.S. neighborhoods.

In addition, a majority of the adults in the Altamira West Number 2 Colonia / La Estancia Colonia neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for Texas by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 95.0% of the neighborhoods in Texas. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for urban sophisticates.

Diversity

Did you know that the Altamira West Number 2 Colonia / La Estancia Colonia neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 80.3% of this neighborhood's residents have Mexican ancestry.

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 Altamira West Number 2 Colonia / La Estancia Colonia neighborhood in Edinburg are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 84.1% of the neighborhoods in America. With 36.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.8% 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 Altamira West Number 2 Colonia / La Estancia Colonia neighborhood, 64.4% 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 19.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (9.9%), and 8.6% in government jobs, whether they are in local, state, or federal positions.

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 Altamira West Number 2 Colonia / La Estancia Colonia neighborhood is English, spoken by 48.8% of households. Other important languages spoken here include Spanish and Tagalog (the first language of the Philippine region).

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 Altamira West Number 2 Colonia / La Estancia Colonia neighborhood in Edinburg, TX, residents most commonly identify their ethnicity or ancestry as Mexican (80.3%). There are also a number of people of Asian ancestry (5.1%), and residents who report German roots (4.4%), and some of the residents are also of Irish ancestry (3.2%), along with some Italian ancestry residents (2.1%), among others. In addition, 14.7% 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 Altamira West Number 2 Colonia / La Estancia Colonia neighborhood spend under 15 minutes commuting one-way to work (37.5% of working residents), one of the shortest commutes across America.

Here most residents (70.5%) 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 (24.5%) . 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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