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Real Estate Prices & Overview

Parkway And Cherry Point Pac West median real estate price is $68,220, which is less expensive than 97.9% of Texas neighborhoods and 98.2% of all U.S. neighborhoods.

The average rental price in Parkway And Cherry Point Pac West is currently $1,083, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 94.3% of Texas neighborhoods.

Parkway And Cherry Point Pac West is a rural neighborhood (based on population density) located in Lubbock, Texas.

Parkway And Cherry Point Pac West real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Parkway And Cherry Point Pac West neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Parkway And Cherry Point Pac West. The current real estate vacancy rate here is 30.7%. This is higher than the rate of vacancies in 95.4% 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

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.

People

One of the unique characteristics of the Parkway And Cherry Point Pac West neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 99.4% of the neighborhoods in America. The Parkway And Cherry Point Pac West neighborhood also has a greater percentage of children living in poverty (57.1%) than found in 96.3% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

In addition, neighborhoodScout's exclusive research revealed that 97.6% of the adult residents in the Parkway And Cherry Point Pac West neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 98.6% of the neighborhoods in America.

Also, one of the most interesting things about the Parkway And Cherry Point Pac West neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 56.8% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 98.0% of the neighborhoods in America.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Parkway And Cherry Point Pac West neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 42.5% of the households here have four, five, or more cars. That is more cars per household than in 98.8% of the neighborhoods in the nation.

Occupations

More people work in manufacturing and as laborers here in the Parkway And Cherry Point Pac West neighborhood than in 98.1% 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.

Furthermore, there are more people living in the Parkway And Cherry Point Pac West neighborhood employed as sales and service workers (59.3%) 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.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Parkway And Cherry Point Pac West neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Parkway And Cherry Point Pac West neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 66.4% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 97.9% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Modes of Transportation

Our research reveals that 89.8% of commuters who live in the Parkway And Cherry Point Pac West neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 97.0% of U.S. neighborhoods.

Real Estate

Despite all of the residential real estate here in the Parkway And Cherry Point Pac West neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 30.7%, which is higher than 95.4% of all U.S. neighborhoods.

Diversity

Did you know that the Parkway And Cherry Point Pac West neighborhood has more African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 9.5% of this neighborhood's residents have African ancestry.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the Parkway And Cherry Point Pac West neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 97.0% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

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 Parkway And Cherry Point Pac West neighborhood in Lubbock are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.4% of U.S. neighborhoods. With 57.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 96.3% 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 Parkway And Cherry Point Pac West neighborhood, 46.9% 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 40.7% of the residents employed. Other residents here are employed in executive, management, and professional occupations (12.4%), and 2.7% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Parkway And Cherry Point Pac West neighborhood is English, spoken by 75.9% of households. Some people also speak Spanish (24.1%).

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 Parkway And Cherry Point Pac West neighborhood in Lubbock, TX, residents most commonly identify their ethnicity or ancestry as Mexican (40.7%). There are also a number of people of Sub-Saharan African ancestry (9.5%), and residents who report African roots (9.5%), and some of the residents are also of Scottish ancestry (3.1%), along with some English ancestry residents (2.6%), among others.

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 Parkway And Cherry Point Pac West neighborhood spend under 15 minutes commuting one-way to work (66.4% of working residents), one of the shortest commutes across America.

Here most residents (89.8%) 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 (10.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.

Real Estate includes:
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Crime includes:
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