Neighborhood Summary

Nestled in a community where the median home price stands at $144,600, this neighborhood presents a unique blend of opportunities and challenges for potential homebuyers. This price point is considerably below the national average, making it an attractive option for those seeking affordability. However, a deeper dive into the demographic and economic indicators reveals a complex picture. With a median household income of $45,833, the area falls short of the national average, indicating a more modest economic landscape. Despite this, the unemployment rate is impressively low at just 1%, suggesting stability and resilience in the local job market. The percentage of residents living under the poverty line is 20%, higher than national levels, which might indicate economic disparities within the community.

Housing dynamics in this neighborhood reveal that 73% of the residences are owner-occupied, while only 9% are rented, suggesting a strong preference for homeownership. Interestingly, a significant portion of homeowners, 45%, do not carry a mortgage, reflecting financial prudence or generational home retention. However, 22% of owners face housing costs that consume 30% or more of their income, aligning with national levels and highlighting the financial pressure on certain homeowners. The vacant housing rate is 18%, which could either signal opportunities for investment or potential concerns about neighborhood desirability. Educational attainment is relatively low, with only 10% holding a college degree compared to national figures, possibly influencing job prospects and income levels. The predominant racial demographic is white, with 58% of households consisting of married couples, fostering a sense of traditional community values.

While specific metrics such as walk and bike scores, crime index, and the proportion of non-U.S. citizens are not available, the available data paints a picture of a serene, possibly rural or suburban environment where stability is juxtaposed with economic challenges. If potential homebuyers are seeking similar price points with more favorable metrics, they might consider exploring neighboring areas where the educational attainment is higher, or economic indicators such as household income and poverty rates are closer to the national average. Such alternatives could offer enhanced lifestyle and investment potential while maintaining affordability. Ultimately, this neighborhood offers a compelling mix of low unemployment and high homeownership, inviting those who value stability and community, but it is worth considering adjacent areas for those seeking robust economic and educational opportunities.