Valleywood Dr is a street near Grapevine, Texas, that is primarily residential. Valleywood Dr real estate is mostly comprised of single-family homes ranging in size from medium (three or four bedrooms) to big (four, five, or more bedrooms), as well as apartment complexes and high-rise flats. The vast majority of residential real estate is owned and occupied by the property’s owner.
Valleywood Dr currently has a vacancy rate of 0.0 percent, which is a lower percentage of vacancies than the national average of 100.0 percent for all neighborhoods in the United States. This means that the housing supply in Valleywood Dr is quite limited when compared to the demand for real estate in this area of town.
One of the most distinguishing characteristics of this neighborhood is that it has one of the lowest vacancy rates of any community in the United States. With only 0.0 percent of the real estate in the Valleywood Dr area being unoccupied, this implies that there is an abnormally strong demand for real estate in the community, and/or that there is a problem with developing enough supply to meet the demand. This could have the impact of raising real estate prices, increasing supply to meet demand, or a combination of the two effects.
Most neighborhoods are also made up of a diverse range in age of homes, but Valleywood Dr is notable for having nearly all of its residential real estate constructed in a single time period, namely between 1970 and 1999, and thus is generally considered to be established, but not necessarily old housing. When you walk about or drive around this neighborhood, you’ll notice that many of the houses have a similar appearance to one another due to the fact that they are all of a similar age. According to statistics, the residential real estate in this area was constructed during this time period (90.5 percent).
Furthermore, one manner in which the Valleywood Dr area truly distinguishes itself is that it contains more huge 4, 5, and additional bedroom homes and real estate than 95.9 percent of the neighborhoods in the United States. Walking or driving about this area, you’ll immediately notice the size of the residences, which makes for a striking visual statement in and of itself.
Most things in life are made easier by wealth, but a few things are made more difficult by it. It is likely that this area will appeal to you if you are wealthy and enjoy keeping up with the Joneses. The Valleywood Dr area, in reality, is wealthier than 96.8 percent of the neighborhoods in the United States, according to most data. A unique scenario exists for residents of this area even when compared to other Americans because of the vast quantity of wealth that is concentrated in this area.