Hidalgo Park Estates Colonia / Universal Estates Colonia median real estate price is $122,606, which is less expensive than 89.0% of Texas neighborhoods and 92.2% of all U.S. neighborhoods.
The average rental price in Hidalgo Park Estates Colonia / Universal Estates Colonia is currently $1,473, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 74.1% of Texas neighborhoods.
Hidalgo Park Estates Colonia / Universal Estates Colonia is an urban neighborhood (based on population density) located in Pharr, Texas.
Hidalgo Park Estates Colonia / Universal Estates Colonia real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Hidalgo Park Estates Colonia / Universal Estates Colonia 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.
In Hidalgo Park Estates Colonia / Universal Estates Colonia, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Hidalgo Park Estates Colonia / Universal Estates Colonia 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 Pharr, the Hidalgo Park Estates Colonia / Universal Estates Colonia neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
With a real estate vacancy rate of only 0.0%, the Hidalgo Park Estates Colonia / Universal Estates Colonia neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
One of the really interesting characteristics about the Hidalgo Park Estates Colonia / Universal Estates Colonia neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 1.2% of college-friendly places to live in the state of Texas. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for families with school-aged children.
In addition, neighborhoodScout's exclusive research revealed that 96.6% of the adult residents in the Hidalgo Park Estates Colonia / Universal Estates Colonia neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 98.2% of the neighborhoods in America.
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Hidalgo Park Estates Colonia / Universal Estates Colonia neighborhood has a highly unusual pattern of car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 33.4% of the households here have four, five, or more cars. That is more cars per household than in 95.1% of the neighborhoods in the nation.
Did you know that the Hidalgo Park Estates Colonia / Universal Estates Colonia neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 99.9% of this neighborhood's residents have Mexican ancestry.
Hidalgo Park Estates Colonia / Universal Estates Colonia is also pretty special linguistically. Significantly, 91.1% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.6% of all U.S. neighborhoods.
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 Hidalgo Park Estates Colonia / Universal Estates Colonia neighborhood in Pharr are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 74.7% of U.S. neighborhoods. With 30.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 81.9% 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 Hidalgo Park Estates Colonia / Universal Estates Colonia neighborhood, 37.8% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 25.9% of the residents employed. Other residents here are employed in executive, management, and professional occupations (17.1%), and 15.9% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The most common language spoken in the Hidalgo Park Estates Colonia / Universal Estates Colonia neighborhood is Spanish, spoken by 91.1% of households. Some people also speak English (8.9%).
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 Hidalgo Park Estates Colonia / Universal Estates Colonia neighborhood in Pharr, TX, residents most commonly identify their ethnicity or ancestry as Mexican (99.9%). In addition, 36.4% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Hidalgo Park Estates Colonia / Universal Estates Colonia neighborhood spend between 15 and 30 minutes commuting one-way to work (44.9% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (80.4%) 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 (8.2%) and 5.2% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.