Terrace Dr / Brook Hollow median real estate price is $344,744, which is more expensive than 62.8% of the neighborhoods in Texas and 45.9% of the neighborhoods in the U.S.
The average rental price in Terrace Dr / Brook Hollow is currently $2,845, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 90.6% of the neighborhoods in Texas.
Terrace Dr / Brook Hollow is a suburban neighborhood (based on population density) located in DeSoto, Texas.
Terrace Dr / Brook Hollow 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 Terrace Dr / Brook Hollow 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.
In Terrace Dr / Brook Hollow, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Terrace Dr / Brook Hollow is very tight compared to the demand for property here.
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 DeSoto, the Terrace Dr / Brook Hollow neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Terrace Dr / Brook Hollow neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
Did you know that the Terrace Dr / Brook Hollow neighborhood has more Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 30.7% of this neighborhood's residents have Sub-Saharan African ancestry.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Terrace Dr / Brook Hollow neighborhood in DeSoto are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 50.3% of the neighborhoods in America. In addition, 0.6% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 79.7% of America'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 Terrace Dr / Brook Hollow neighborhood, 44.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 23.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.4%), and 14.3% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The most common language spoken in the Terrace Dr / Brook Hollow neighborhood is English, spoken by 82.2% of households. Some people also speak Spanish (6.6%).
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 Terrace Dr / Brook Hollow neighborhood in DeSoto, TX, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (30.7%). There are also a number of people of Mexican ancestry (11.9%), and residents who report English roots (3.7%), and some of the residents are also of Asian ancestry (1.5%), along with some Norwegian ancestry residents (1.1%), among others. In addition, 10.3% 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 Terrace Dr / Brook Hollow neighborhood spend under 15 minutes commuting one-way to work (25.7% of working residents), one of the shortest commutes across America.
Here most residents (72.7%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.