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Real Estate Prices & Overview

Gannon Park median real estate price is $227,610, which is less expensive than 63.7% of Texas neighborhoods and 73.8% of all U.S. neighborhoods.

The average rental price in Gannon Park is currently $1,333, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 84.6% of Texas neighborhoods.

Gannon Park is an urban neighborhood (based on population density) located in Dallas, Texas.

Gannon Park real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Gannon Park neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

In Gannon Park, the current vacancy rate is 1.8%, which is a lower rate of vacancies than 87.7% of all neighborhoods in the U.S. This means that the housing supply in Gannon Park is very tight compared to the demand for property here.

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.

Occupations

More people work in manufacturing and as laborers here in the Gannon Park neighborhood than in 98.3% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Diversity

Did you know that the Gannon Park neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 67.9% of this neighborhood's residents have Mexican ancestry.

Gannon Park is also pretty special linguistically. Significantly, 65.8% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 96.8% of all U.S. neighborhoods.

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 Gannon Park neighborhood in Dallas are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 78.6% of U.S. neighborhoods. With 15.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 61.1% 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 Gannon Park neighborhood, 47.6% of the working population is employed in manufacturing and laborer 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 30.5% of the residents employed. Other residents here are employed in executive, management, and professional occupations (13.9%), and 8.0% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Gannon Park neighborhood is Spanish, spoken by 65.8% of households. Some people also speak English (34.2%).

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 Gannon Park neighborhood in Dallas, TX, residents most commonly identify their ethnicity or ancestry as Mexican (67.9%). In addition, 27.9% 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 Gannon Park neighborhood spend between 15 and 30 minutes commuting one-way to work (36.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (61.6%) 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 (20.5%) . 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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