Spring Valley Road – Addison, Texas

Marsh Ln / Spring Valley Rd median real estate price is $399,426, which is more expensive than 85.8% of the neighborhoods in Texas and 69.7% of the neighborhoods in the U.S.

The average rental price in Marsh Ln / Spring Valley Rd is currently $2,164. The average rental cost in this neighborhood is higher than 84.9% of the neighborhoods in Texas. Marsh Ln / Spring Valley Rd is an urban neighborhood (based on population density) located in Addison, Texas.

Marsh Ln / Spring Valley Rd 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 small apartment buildings. Most of the residential real estate is renter-occupied. Many of the residences in the Marsh Ln / Spring Valley Rd neighborhood are newer, built-in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Marsh Ln / Spring Valley Rd has a 14.6% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 73.7% 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 a large amount of new housing has been built and is not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

In addition, 99.7% of the real estate in the Marsh Ln / Spring Valley Rd neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Furthermore, the real estate in the Marsh Ln / Spring Valley Rd neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 94.8% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.1% of American neighborhoods.

The types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. An exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 48.1%. This is a higher percentage living alone than we found in 95.9% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.

Marsh Ln / Spring Valley Rd is also pretty special linguistically. Significantly, 3.5% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 97.8% of the neighborhoods in America.

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