Neighborhood Summary

This neighborhood presents a unique blend of characteristics that define its real estate market, social fabric, and economic potential. The median home price in the area is $151,600, which is significantly lower than the national average. This makes it an attractive option for first-time homebuyers or investors looking for affordable entry points into the real estate market. However, the median household income stands at $32,796, considerably below the national median, which may impact the purchasing power of residents. This lower income level corresponds with a relatively high poverty rate of 30%, suggesting economic challenges that could affect long-term growth and development in the area.

Housing here shows a distinctive pattern, with 30% of properties owner-occupied and 53% renter-occupied, indicating a strong rental market. Interestingly, 54% of homeowners live without mortgages, highlighting a possibility of long-term residents who have managed to pay off their homes, likely providing stability in certain community segments. However, for those with mortgages, 57% spend more than 30% of their income on housing, suggesting a level of housing cost burden that could discourage new buyers. Rental costs are lower, with a median contract rent of $627, yet may still pose a financial strain given the local income levels.

The community's educational attainment, with only 13% holding a college degree, is lower than the national average and could impact employment opportunities and wages. The unemployment rate here sits at 4%, on par with the national rate, indicating a relatively stable job market despite the income challenges. With 31% of households comprising married-couple families, the neighborhood might appeal more to singles or non-traditional family units. Furthermore, the presence of non-U.S. citizens at 14% suggests a level of cultural diversity that could enrich the community's social landscape.

While crime data is not available, assessing community safety through personal visits and local sources is recommended. Given these metrics, potential homebuyers and real estate investors might also consider alternative neighborhoods with similar pricing but perhaps better economic and educational indicators. Exploring nearby areas with higher median incomes and lower poverty rates could provide a more promising investment or living environment. The neighborhood offers potential for those prioritizing affordability, but careful consideration of its economic and social metrics is advisable for long-term peace of mind.