If you're considering purchasing a home in Little York City, Texas, you've probably noticed a few things about the neighborhood. The median real estate price is $341,003, which is above the U.S. average and is lower than the national average of 66.2%. The area's low vacancy rate also signals the potential for a new housing construction boom or price increase.
The city's demographics are reflected in a recent Census report. The city's population is significantly lower than the state average in many categories, including Hispanic race, foreign born, and college students. The percentage of residents with a bachelor's degree is below the state average as well. However, the borough's population density is higher than the state average, which indicates that people who live here enjoy an excellent quality of life.
The city is home to more Jews than Tel Aviv, Irish and Italian residents than Dublin, and Puerto Ricans than San Juan. The Statue of Liberty is a symbol of this city's diversity and is a global hub for commerce and culture. Once the capital of both a state and country, New York became the epicenter of international terrorism. Its World Trade Center was a symbol of global prowess for three decades, but today it's still a collection of local neighborhoods where people live and work.
While the city's population continues to grow through natural increase, it may fail to grow through net migration, which must be negative to offset the natural increase. Then, people will keep moving out of the city, but the population will continue to grow in order to offset the outflows. The city's politicians are concerned about economic growth, and will muddle through policies that may lead to economic failure.