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Real Estate Prices & Overview

Prospect Hill East median real estate price is $100,716, which is less expensive than 92.7% of Texas neighborhoods and 94.8% of all U.S. neighborhoods.

The average rental price in Prospect Hill East is currently $1,502, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 71.8% of Texas neighborhoods.

Prospect Hill East is an urban neighborhood (based on population density) located in San Antonio, Texas.

Prospect Hill East real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Prospect Hill East neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Prospect Hill East has a 14.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 75.4% 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.

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 San Antonio, the Prospect Hill East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

The Prospect Hill East neighborhood is unique for having just 6.9% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 95.3% of America's neighborhoods.

Diversity

Did you know that the Prospect Hill East neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 90.0% of this neighborhood's residents have Mexican ancestry.

Prospect Hill East is also pretty special linguistically. Significantly, 68.2% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.1% 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 Prospect Hill East neighborhood in San Antonio are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 92.3% of U.S. neighborhoods. With 39.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 88.5% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Prospect Hill East neighborhood, 33.0% 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 31.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.2%), and 16.5% in executive, management, and professional occupations.

Languages

The most common language spoken in the Prospect Hill East neighborhood is Spanish, spoken by 68.2% of households. Some people also speak English (31.8%).

Ethnicity / Ancestry

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 Prospect Hill East neighborhood in San Antonio, TX, residents most commonly identify their ethnicity or ancestry as Mexican (90.0%). There are also a number of people of Irish ancestry (2.3%), and residents who report Spanish roots (1.9%). In addition, 19.7% of the residents of this neighborhood were born in another country.

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 Prospect Hill East neighborhood spend between 15 and 30 minutes commuting one-way to work (49.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (68.8%) 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 (19.2%) . 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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