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Real Estate Prices & Overview

Rayford Ridge / Oak Hill Village median real estate price is $323,047, which is more expensive than 58.6% of the neighborhoods in Texas and 43.6% of the neighborhoods in the U.S.

The average rental price in Rayford Ridge / Oak Hill Village is currently $1,742, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 53.4% of Texas neighborhoods.

Rayford Ridge / Oak Hill Village is a suburban neighborhood (based on population density) located in Spring, Texas.

Rayford Ridge / Oak Hill Village 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 occupied by a mixture of owners and renters. Many of the residences in the Rayford Ridge / Oak Hill Village 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.

Real estate vacancies in Rayford Ridge / Oak Hill Village are 5.5%, which is lower than one will find in 63.2% of American neighborhoods. Demand for real estate in Rayford Ridge / Oak Hill Village 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

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Diversity

Significantly, 2.9% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 95.7% 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 Rayford Ridge / Oak Hill Village neighborhood in Spring are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 64.5% of U.S. neighborhoods. With 19.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 68.3% 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 Rayford Ridge / Oak Hill Village neighborhood, 44.5% 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 21.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (20.7%), and 12.8% in clerical, assistant, and tech support 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 Rayford Ridge / Oak Hill Village neighborhood is English, spoken by 73.5% of households. Other important languages spoken here include Spanish, Tagalog (the first language of the Philippine region) and African languages.

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 Rayford Ridge / Oak Hill Village neighborhood in Spring, TX, residents most commonly identify their ethnicity or ancestry as Mexican (13.3%). There are also a number of people of German ancestry (8.7%), and residents who report English roots (8.4%), and some of the residents are also of Asian ancestry (6.8%), along with some Sub-Saharan African ancestry residents (5.7%), among others. In addition, 18.4% of the residents of this neighborhood were born in another country.

Getting to Work

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 Rayford Ridge / Oak Hill Village neighborhood spend under 15 minutes commuting one-way to work (47.2% of working residents), one of the shortest commutes across America.

Here most residents (83.3%) 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 (5.8%) . 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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