Laredo Ranchettes median real estate price is $233,683, which is more expensive than 36.6% of the neighborhoods in Texas and 25.9% of the neighborhoods in the U.S.
The average rental price in Laredo Ranchettes is currently $1,943, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 61.4% of the neighborhoods in Texas.
Laredo Ranchettes is a rural neighborhood (based on population density) located in Laredo, Texas.
Laredo Ranchettes real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Laredo Ranchettes neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Laredo Ranchettes has a 12.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 70.9% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
American households most often have a car, and regularly they have two or three. But households in the Laredo Ranchettes neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 40.2% of the households here have four, five, or more cars. That is more cars per household than in 98.2% of the neighborhoods in the nation.
Did you know that the Laredo Ranchettes neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 98.1% of this neighborhood's residents have Mexican ancestry.
Laredo Ranchettes is also pretty special linguistically. Significantly, 88.7% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.5% 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 Laredo Ranchettes neighborhood in Laredo are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 76.6% of the neighborhoods in America. With 19.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 69.1% 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 Laredo Ranchettes neighborhood, 32.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 26.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.9%), and 18.8% in manufacturing and laborer occupations.
The most common language spoken in the Laredo Ranchettes neighborhood is Spanish, spoken by 88.7% of households. Some people also speak English (11.3%).
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Laredo Ranchettes neighborhood in Laredo, TX, residents most commonly identify their ethnicity or ancestry as Mexican (98.1%). In addition, 17.3% 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 Laredo Ranchettes neighborhood spend under 15 minutes commuting one-way to work (37.4% of working residents), one of the shortest commutes across America.
Here most residents (86.0%) 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 (10.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.