Neighborhood Summary

This neighborhood presents a unique blend of affordability and community characteristics that may appeal to a variety of potential homebuyers, though certain metrics warrant careful consideration. The median home price here is $265,600, which is notably lower than the national average, making it an attractive option for those looking to enter the housing market without breaking the bank. However, the neighborhood faces significant challenges with a 69% vacancy rate, which is considerably higher than the national average, potentially indicating issues with housing demand or neighborhood desirability. This vacant housing situation, combined with a low educational attainment of only 6% of residents holding a college degree, suggests an opportunity for investment but also highlights areas for community development.

The socio-economic profile of the neighborhood is underscored by a median household income of $64,773, closely aligning with the national median, which indicates a stable, working-class community. However, the unemployment rate here is particularly favorable at 3%, lower than the national average, suggesting a robust local job market. Despite this, 39% of homeowners are spending more than 30% of their income on mortgages, which may signal financial strain among residents. This strain could be exacerbated by limited rental options, as only 8% of housing is renter-occupied, and the median contract rent of $1,159 might be disproportionate for some, given the absence of data on rent-related income burdens.

Demographically, the neighborhood is predominantly white, with a low percentage of non-U.S. citizens at just 2%, which might appeal to those seeking a homogenous community environment. The presence of married-couple families, constituting 53% of households, suggests a family-friendly atmosphere. Furthermore, 33% of homeowners live mortgage-free, potentially reflecting a stable older population. In terms of poverty, the neighborhood fares well, with only 8% living under the poverty line, which is relatively low compared to national figures.

Given these insights, potential homebuyers and real estate professionals might consider alternative neighborhoods if seeking more favorable educational or vacancy metrics. Areas with similar median home prices but better educational attainment and lower vacancy rates could offer a more balanced investment potential. As such, exploring neighboring communities with a diverse range of amenities and demographic profiles might yield options that suit more specific buyer preferences. Thus, while this neighborhood offers certain financial accessibility, it is important for buyers to weigh these factors alongside personal priorities and long-term investment goals.