Siete Nuevo median real estate price is $206,115, which is less expensive than 70.6% of Texas neighborhoods and 79.5% of all U.S. neighborhoods.
The average rental price in Siete Nuevo is currently $1,143, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 91.0% of Texas neighborhoods.
Siete Nuevo is an urban neighborhood (based on population density) located in Laredo, Texas.
Siete Nuevo 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 Siete Nuevo neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Real estate vacancies in Siete Nuevo are 4.7%, which is lower than one will find in 67.5% of American neighborhoods. Demand for real estate in Siete Nuevo 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.
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.
NeighborhoodScout's exclusive research revealed that 95.9% of the adult residents in the Siete Nuevo neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 97.9% of the neighborhoods in America.
In addition, single parenting is hard. But you don't have to tell the Siete Nuevo neighborhood about it; they already know. 21.2% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 97.6% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.
Also, the Siete Nuevo neighborhood stands out for having an average per capita income lower than 95.5% of the neighborhoods in the United States.
There are more people living in the Siete Nuevo neighborhood employed as sales and service workers (60.7%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.
Did you know that the Siete Nuevo neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 98.0% of this neighborhood's residents have Mexican ancestry.
Siete Nuevo is also pretty special linguistically. Significantly, 97.2% 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.
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 Siete Nuevo 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 95.5% of U.S. neighborhoods. With 40.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 89.7% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Siete Nuevo neighborhood, 39.3% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 30.6% of the residents employed. Other residents here are employed in executive, management, and professional occupations (22.8%), and 7.3% in clerical, assistant, and tech support occupations.
The most common language spoken in the Siete Nuevo neighborhood is Spanish, spoken by 97.2% of households. Some people also speak English (2.8%).
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 Siete Nuevo neighborhood in Laredo, TX, residents most commonly identify their ethnicity or ancestry as Mexican (98.0%). In addition, 23.1% 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 Siete Nuevo neighborhood spend between 15 and 30 minutes commuting one-way to work (53.8% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (75.8%) 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 (20.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.