Downtown / Riverfront median real estate price is $274,606, which is more expensive than 69.7% of the neighborhoods in Louisiana and 33.3% of the neighborhoods in the U.S.
The average rental price in Downtown / Riverfront is currently $1,088, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 80.7% of Louisiana neighborhoods.
Downtown / Riverfront is a rural neighborhood (based on population density) located in Monroe, Louisiana.
Downtown / Riverfront real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Downtown / Riverfront neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Downtown / Riverfront has a 10.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 66.1% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
The Downtown / Riverfront neighborhood stands out for having an average per capita income lower than 99.6% of the neighborhoods in the United States. Also of note is NeighborhoodScout's research finding that the Downtown / Riverfront neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Downtown / Riverfront community truly stands out from the rest in this regard.
In addition, one of the most interesting things about the Downtown / Riverfront neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 82.8% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 100.0% of the neighborhoods in America.
There are more people living in the Downtown / Riverfront neighborhood employed as sales and service workers (51.1%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.
Renter-occupied real estate is dominant in the Downtown / Riverfront neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 92.4%, which is higher than 97.5% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Did you know that the Downtown / Riverfront neighborhood has more Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.6% of this neighborhood's residents have Cuban ancestry.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Downtown / Riverfront neighborhood in Monroe are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.6% of U.S. neighborhoods. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Downtown / Riverfront neighborhood, 48.9% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 29.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (20.9%).
The most common language spoken in the Downtown / Riverfront neighborhood is English, spoken by 98.6% of households.
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Downtown / Riverfront neighborhood in Monroe, LA, residents most commonly identify their ethnicity or ancestry as Asian (6.3%). There are also a number of people of English ancestry (3.7%), and residents who report Cuban roots (2.6%), and some of the residents are also of Mexican ancestry (2.2%), along with some Italian ancestry residents (1.8%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Downtown / Riverfront neighborhood spend under 15 minutes commuting one-way to work (41.7% of working residents), one of the shortest commutes across America.
Here most residents (76.8%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (12.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.