They own stately homes that tend to maintain high real estate appreciation rates. In addition, a majority of the adults in the Santa Rita Ranch neighborhood are wealthy and educated executives. In a nation where approximately 1 in 4 children are living in poverty, the Santa Rita Ranch community truly stands out from the rest in this regard. Of note is NeighborhoodScout's research finding that the Santa Rita Ranch neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.įurthermore, one way that the Santa Rita Ranch neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 97.6% of the neighborhoods in America. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In fact, 96.6% of the residential real estate here is classified as newer. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In addition, homes built from 2000 through today make up a higher proportion of the Santa Rita Ranch neighborhood's real estate landscape than 99.7% of the neighborhoods in America. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Santa Rita Ranch neighborhood, and/or an issue with creating enough supply for the demand. This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. This means that the housing supply in Santa Rita Ranch is very tight compared to the demand for property here. In Santa Rita Ranch, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. A number of residences were also built between 19. Many of the residences in the Santa Rita Ranch neighborhood are newer, built in 2000 or more recently. Most of the residential real estate is owner occupied. Santa Rita Ranch 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. Santa Rita Ranch is a suburban neighborhood (based on population density) located in Liberty Hill, Texas. The average rental cost in this neighborhood is higher than 74.0% of the neighborhoods in Texas. The average rental price in Santa Rita Ranch is currently $2,400, based on NeighborhoodScout's exclusive analysis. Santa Rita Ranch median real estate price is $485,282, which is more expensive than 83.7% of the neighborhoods in Texas and 71.6% of the neighborhoods in the U.S. If there was not a name available, we named the census tract by the largest street intersection in the census tract (e.g., Worcester, MA (Lincoln St/Plantation St) Then we named each census tract to the local colloquially recognized neighborhood name for that spot (e.g., Boston, MA (Dorchester). Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town. In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas. Because census tracts are based on population, they vary in size depending on the density of settlement. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us. Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics (including economic status, lifestyle, and living conditions). NeighborhoodScout® uses the official government designation for neighborhoods - the census tract.Ĭensus tracts are small, relatively permanent subdivisions of a county that are defined by the U.S.
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