Neighborhood Summary

Nestled in a region marked by a distinctive blend of affordability and community charm, this neighborhood offers a median home price of $231,100, which is notably below the national average. This lower price point presents an appealing option for first-time homebuyers and investors seeking budget-friendly real estate. However, a closer look at the economic landscape reveals some challenges. The median household income here is $41,983, considerably lower than the national median, which often necessitates careful budgeting for prospective residents. The neighborhood grapples with a relatively high poverty rate of 34%, which exceeds national figures and could influence social services and community support structures.

A deeper dive into housing dynamics shows a balanced mix of homeowners and renters, with ownership and rental rates standing at 51% and 46% respectively. With a low vacancy rate of 3%, the demand for housing remains robust. Despite the affordability of median contract rent at $970, it's important to note that a significant 54% of homeowners spend 30% or more of their income on mortgages, suggesting financial strain for many households. This is compounded by an 8% unemployment rate, which is above the national average, potentially impacting the stability of income for residents.

Educational attainment in the area is relatively low, with only 8% of residents holding a college degree, compared to a higher national average. This factor, coupled with an unemployment rate slightly above national benchmarks, highlights a potential need for enhanced educational and job training opportunities. The neighborhood primarily consists of white residents and has a small percentage of non-US citizens at 6%, contributing to its cultural fabric. Socially, the presence of married-couple families is fairly low at 30%, which may reflect diverse household compositions that shape community interactions.

Given these statistics, potential homebuyers and real estate professionals might consider alternative neighborhoods in the vicinity with similar median home prices but more favorable economic and educational metrics. Such areas might offer higher household incomes, lower unemployment rates, or greater educational attainment, providing a more stable investment and living environment. As you explore your options, understanding these nuances can guide you toward a neighborhood that aligns better with your lifestyle and investment goals, ensuring a well-rounded decision that enhances both living quality and long-term value.