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Real Estate Prices & Overview

Shady Grove median real estate price is $228,038, which is more expensive than 64.2% of the neighborhoods in Mississippi and 24.6% of the neighborhoods in the U.S.

The average rental price in Shady Grove is currently $1,705, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 74.0% of the neighborhoods in Mississippi.

Shady Grove is a rural neighborhood (based on population density) located in Laurel, Mississippi.

Shady Grove real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Shady Grove neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Shady Grove are 5.6%, which is lower than one will find in 61.1% of American neighborhoods. Demand for real estate in Shady Grove is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Laurel, the Shady Grove neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

If you are an executive or professional seeking a neighborhood affording an executive lifestyle, or just wanting to find where other executives live in the area, the Shady Grove neighborhood should be on your list. It has an enviable mix of spacious homes, relatively stable real estate values, and residents that include a number of wealthy executives, managers, and professionals. NeighborhoodScout's exclusive analysis places it as one of the top 10.4% executive lifestyle neighborhoods in the state of Mississippi.

Diversity

Did you know that the Shady Grove neighborhood has more African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.5% of this neighborhood's residents have African ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Shady Grove neighborhood in Laurel are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 43.6% of the neighborhoods in America. With 33.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 85.0% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Shady Grove neighborhood, 38.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 23.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.9%), and 16.2% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Shady Grove neighborhood is English, spoken by 85.6% of households. Some people also speak Spanish (12.8%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Shady Grove neighborhood in Laurel, MS, residents most commonly identify their ethnicity or ancestry as Irish (13.7%). There are also a number of people of Mexican ancestry (12.1%), and residents who report English roots (8.7%), and some of the residents are also of Sub-Saharan African ancestry (6.9%), along with some German ancestry residents (6.7%), among others. In addition, 11.0% of the residents of this neighborhood were born in another country.

Getting to Work

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 Shady Grove neighborhood spend under 15 minutes commuting one-way to work (47.6% of working residents), one of the shortest commutes across America.

Here most residents (79.5%) 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 (15.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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