Wellington Estates / Hillcrest At Wellington median real estate price is $771,996, which is more expensive than 93.9% of the neighborhoods in Texas and 83.2% of the neighborhoods in the U.S.
The average rental price in Wellington Estates / Hillcrest At Wellington is currently $5,018, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 99.7% of the neighborhoods in Texas.
Wellington Estates / Hillcrest At Wellington is an urban neighborhood (based on population density) located in Flower Mound, Texas.
Wellington Estates / Hillcrest At Wellington real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Wellington Estates / Hillcrest At Wellington neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In Wellington Estates / Hillcrest At Wellington, the current vacancy rate is 1.9%, which is a lower rate of vacancies than 86.8% of all neighborhoods in the U.S. This means that the housing supply in Wellington Estates / Hillcrest At Wellington is very tight compared to the demand for property here.
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 Flower Mound, the Wellington Estates / Hillcrest At Wellington neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real Estate
One way that the Wellington Estates / Hillcrest At Wellington neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.9% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
In addition, the Wellington Estates / Hillcrest At Wellington neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 99.6% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 98.5% of all neighborhoods in America.
Furthermore, homes built from 2000 through today make up a higher proportion of the Wellington Estates / Hillcrest At Wellington neighborhood's real estate landscape than 97.4% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 79.8% of the residential real estate here is classified as newer.
People
According to NeighborhoodScout's exclusive analysis, Wellington Estates / Hillcrest At Wellington is among the best neighborhoods for families in Texas. In fact, this neighborhood is more family-friendly than 99.5% of neighborhoods in the entire state of Texas. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Wellington Estates / Hillcrest At Wellington neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for highly educated executives, urban sophisticates and college students.
In addition, wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the Wellington Estates / Hillcrest At Wellington neighborhood is wealthier than 99.5% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood.
Also, the rate of college educated adults in the Wellington Estates / Hillcrest At Wellington neighborhood is a unique characteristic of the neighborhood. 84.6% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 34.3% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 98.9% of all U.S. neighborhoods.
Modes of Transportation
A unique way of commuting is simply not to. And in the Wellington Estates / Hillcrest At Wellington neighborhood, analysis shows that 29.1% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 96.4% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.
Diversity
Did you know that the Wellington Estates / Hillcrest At Wellington neighborhood has more Iranian and Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.6% of this neighborhood's residents have Iranian ancestry and 1.2% have Canadian ancestry.
Wellington Estates / Hillcrest At Wellington is also pretty special linguistically. Significantly, 4.5% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 96.8% of the neighborhoods in America.
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 Wellington Estates / Hillcrest At Wellington neighborhood in Flower Mound are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 99.5% of the neighborhoods in America. In addition, 1.9% 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 75.7% of America's neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Wellington Estates / Hillcrest At Wellington neighborhood, 67.6% 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 18.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (11.7%), and 2.1% in manufacturing and laborer 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 Wellington Estates / Hillcrest At Wellington neighborhood is English, spoken by 72.7% of households. Other important languages spoken here include Langs. of India, Chinese, Spanish and Korean.
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 Wellington Estates / Hillcrest At Wellington neighborhood in Flower Mound, TX, residents most commonly identify their ethnicity or ancestry as Asian (25.8%). There are also a number of people of German ancestry (10.9%), and residents who report English roots (9.1%), and some of the residents are also of Irish ancestry (6.9%), along with some Norwegian ancestry residents (3.9%), among others. In addition, 23.7% 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 Wellington Estates / Hillcrest At Wellington neighborhood spend between 15 and 30 minutes commuting one-way to work (36.3% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (65.4%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
