Aledo small city located in Parker County in the state of Texas. Aledo is the 520th largest community in Texas with a population of 2,896 people and two constituent neighborhoods.
Aledo is located just west of Fort Worth and is growing rapidly in terms of economy. It’s just a 20-minute drive from the Fort Worth and Weatherford downtown areas, making it a perfect place to experience the small town feel but with the conveniences of the big cities nearby.
Being a relatively small community, Aledo has a very family-oriented lifestyle with lots of opportunities for involvement in community, school, and church activities for people of all ages. Planning activities and future projects that will support and strengthen family values are a big focus of the Strategic Plan being developed by the city of Aledo’s Economic Development Corporation.
With its combination of good schools, low crime rate, well-educated population, and high rate of homeownership, homes for sale in Aledo are a great choice for families to consider. Aledo has most of the features that families look for when choosing a good community to raise their children.
COST OF LIVING
Aledo’s cost of living is 3.10% lower than the U.S. average, making it a good place to relocate since you can get more with your money here.
EDUCATION
Education level in Aledo is high, 21.84% higher than the national average among all cities. 34.79% of adults in Aledo have a bachelor’s degree.
The Aledo Independent School District serves 4,715 students coming from eastern Parker County and a portion of Tarrant County. 5 campuses of this district are located within the city of Aledo.
Aledo has an excellent school district. It gives the community of Aledo a major economic boost and many people relocate to Aledo for this reason.
REAL ESTATE
With a median house value of $263,985, Aledo real estate is some of the most expensive in Texas but still does not compare to the most expensive homes in the entire U.S.
The most common type of homes in Aledo is 3 and 4-bedroom single-family detached homes, which makes up 83.44% of the housing units in the entire community of Aledo.
Aledo has a very high rate of homeownership. 77.92% of Aledo’s housing units are owner-occupied, with 89.67% of these homeowners having 3 or 4-bedroom single-family homes.
Most of the homes in Aledo were built from 1970 to 1999. 35% of the homes in Aledo were built between 2000 onwards. You will also find a small percentage of homes built between 1940 to 1969 (about 12%), and an even smaller percentage of homes dating back to 1939.
Appreciation rates for homes for sale in Aledo, TX have been going above average for the last 10 years. In fact, Aledo real estate has continued to appreciate faster than 70.01% of cities and towns in America and 50% higher than other cities and towns in Texas. The average annual appreciation rate in Aledo is 2.24%, and many investors have made good money buying real estate for sale in Aledo, Texas.
EMPLOYMENT AND ECONOMY
There a lot of people living in Aledo who work in office and administrative support, management positions, and teaching.
You may be interested to know that people living in Aledo work more in computers and math than in 95% of the other cities and towns in the US.
Per capita income in Aledo in 2010 was $26,404, which is considered upper middle income relative to Texas and the nation. This equates to an annual income of $105,616 for a family of 4.
The unemployment rate in Aledo is 4.20%, which is lower than the U.S. average of 6.30%. Recent job growth is positive in Aledo, with jobs increasing by 2.97%
The main highway in Aledo, FM 1187, opened in 2014 as a 4-lane thoroughfare and serves thousands of vehicles everyday while providing access to new commercial properties in Aledo, making it easier and more convenient to do business in Aledo.
THINGS TO DO IN ALEDO
Aledo’s downtown area attracts many people with its festivals, entertainment, and shopping.
Among the many attractions in Aledo are the Arts and Crafts Fair at the Aledo Community Center.
During the summer, Aledo hosts First Friday events featuring local businesses as well as vendors from outside the city. Residents and visitors can also enjoy free concerts and other special events from June, July, and August.
Christmas Tyme in Aledo is also another favorite of locals. Held during the first Saturday in December every year, this event features entertainment, delicious food, unique Christmas decorations and lights. Merchants in Historic Downtown Aledo as well as local businesses in the city participate in this event that people look forward to every year.
SAFETY
Aledo is safer than 85% of the cities in towns in the entire U.S. Aledo has a crime rate that is significantly lower than other comparably sized cities across America and can be considered safer than most, according to NeighborhoodScout’s analysis of FBI crime statistics.
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