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Real Estate Prices & Overview

El Azteca median real estate price is $111,555, which is less expensive than 89.9% of Texas neighborhoods and 92.9% of all U.S. neighborhoods.

The average rental price in El Azteca is currently $1,286, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 87.5% of Texas neighborhoods.

El Azteca is an urban neighborhood (based on population density) located in Laredo, Texas.

El Azteca real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 El Azteca 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.

Vacant apartments or homes are a major fact of life in El Azteca. The current real estate vacancy rate here is 19.6%. This is higher than the rate of vacancies in 86.2% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually 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 Laredo, the El Azteca neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

The El Azteca neighborhood is unique for having just 2.9% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 98.4% of America's neighborhoods.

In addition, one of the unique characteristics of the El Azteca neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 98.0% of the neighborhoods in America.

Occupations

NeighborhoodScout's exclusive research identifies the El Azteca neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 42.1% of its working residents employed in such fields, which is a higher proportion than 95.4% of American neighborhoods.

Diversity

Did you know that the El Azteca neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 99.7% of this neighborhood's residents have Mexican ancestry.

El Azteca is also pretty special linguistically. Significantly, 98.6% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 100.0% 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 El Azteca neighborhood in Laredo are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 98.0% of U.S. neighborhoods. With 10.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 51.4% 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 El Azteca neighborhood, 42.1% 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 29.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.2%), and 7.4% in executive, management, and professional occupations.

Languages

The most common language spoken in the El Azteca neighborhood is Spanish, spoken by 98.6% of households.

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 El Azteca neighborhood in Laredo, TX, residents most commonly identify their ethnicity or ancestry as Mexican (99.7%). There are also a number of people of English ancestry (1.8%). In addition, 38.6% 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 El Azteca neighborhood spend between 15 and 30 minutes commuting one-way to work (28.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (83.1%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (7.9%) and 5.5% of residents also carpool with coworkers, friends, or neighbors 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.


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