This is a small community in a single neighborhood.
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What do we mean by a neighborhood?
NeighborhoodScout® uses the official government designation for neighborhoods - the census tract.
Census tracts are small, relatively permanent subdivisions of a county that are defined by the U.S. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics (including economic status, lifestyle, and living conditions). Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us. Because census tracts are based on population, they vary in size depending on the density of settlement. In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas.
Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town. Then we named each census tract to the local colloquially recognized neighborhood name for that spot (e.g., Boston, MA (Dorchester). If there was not a name available, we named the census tract by the largest street intersection in the census tract (e.g., Worcester, MA (Lincoln St/Plantation St)
Why we don't use Zip Codes as neighborhoods
Zip codes were developed by the Postal Service for the purpose of delivering mail, but were never intended to define coherent neighborhoods. In addition, Zip Codes can have as many as 10 distinctly different census tracts contained within them. When distinct census tracts are blended together in a single Zip Code, the data reflects their average conditions and often gives a false sense of the area. The result is that potentially great matching neighborhoods can be missed, and erroneous matches can also be produced and delivered to you.
Using census tracts makes great matches possible, and helps people find the areas that are best for them and their families. Because we are committed to providing the highest possible quality and finding the neighborhoods that best meet your criteria, we use census tracts. And, as always, we show you the actual street map of the neighborhood so you know exactly where your best matching neighborhood is located.
What is a Condition Alert?
A condition alert is a condition in the neighborhood that triggers an alert. NeighborhoodScout contains condition alerts to highlight conditions that are extreme, whether good or bad. This helps answer crucial questions about the state of the neighborhood being evaluated, such as:
What are the risks of violent crime here?
Is the risk of home break-ins or other property crimes increasing?
Does real estate here hold its value?
Are the trends in local vacancies or unemployment concerning?
...and dozens more.
Information at a glance that you need to know to invest, appraise or finance a property.
Red Banks is a tiny town located in the state of Mississippi. With a population of 215 people and just one neighborhood, Red Banks is the 261st largest community in Mississippi. Much of the housing stock in Red Banks was built relatively recently. The construction of new real estate can often be taken as an indication that the local Red Banks economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Red Banks, where the median household income is .
Red Banks real estate is some of the most expensive in Mississippi, although Red Banks house values don't compare to the most expensive real estate in the U.S.
Occupations and Workforce
When you are in Red Banks, you'll notice that it is more blue-collar than most other communities in America. 0.00% of Red Banks’s employed work in blue-collar jobs, while America averages only 27.7% that do. Overall, Red Banks is a town of sales and office workers, transportation and shipping workers, and production and manufacturing workers. There are especially a lot of people living in Red Banks who work in office and administrative support (0.00%), sales jobs (0.00%), and personal care services (0.00%).
Setting & Lifestyle
Overall, Red Banks’s crime rate is one of the lowest in the nation, which makes a great place to live if safety is an important concern.
It is a fairly quiet town because there are relatively few of those groups of people who have a tendency to be noisy. (Children, for example, often can't help themselves from being noisy, and being parents ourselves, we know!) Red Banks has relatively few families with children living at home, and is quieter because of it. Renters and college students, for their own reasons, can also be noisy. Red Banks has few renters and college students. But the biggest reason it is quieter in Red Banks than in most places in America, is that there are just simply fewer people living here. If you think trees make good neighbors, Red Banks may be for you.
Compared to the rest of the country, citizens of Red Banks spend much less time in their cars: on average, their commute to work is only 0.00 minutes. This also means that noise and pollution levels in the town are less than they would otherwise be.
As is often the case in a small town, Red Banks doesn't have a public transportation system that people use for their commute.
Demographics
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Red Banks. 53.45% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Red Banks in 2022 was $67,940, which is wealthy relative to Mississippi and the nation. This equates to an annual income of $271,760 for a family of four.
Red Banks is an extremely ethnically-diverse town. The people who call Red Banks home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Red Banks residents report their race to be White, followed by Black or African-American. Important ancestries of people in Red Banks include Yugoslavian, Other West Indian, West Indian, U.S. Virgin Islander, and Trinidadian and Tobagonian.
The most common language spoken in Red Banks is English. Other important languages spoken here include Italian and Polish.
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 Red Banks, the neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Modes of Transportation
Our research reveals that 93.9% of commuters who live in the neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 99.4% of U.S. neighborhoods.
Occupations
More people work in manufacturing and as laborers here in the neighborhood than in 97.4% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.
Car Ownership
Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the neighborhood have a highly unusual car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 37.0% of the households here have four, five, or more cars. That is more cars per household than in 97.1% of the neighborhoods in the nation.
Diversity
Did you know that the neighborhood has more Lebanese and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.1% of this neighborhood's residents have Lebanese ancestry and 3.1% have Arab ancestry.
The Neighbors
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 neighborhood in Red Banks are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 47.3% of the neighborhoods in America. With 43.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 91.5% of U.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 neighborhood, 45.1% of the working population is employed in manufacturing and laborer occupations. 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 sales and service jobs, from major sales accounts, to working in fast food restaurants (17.3%), and 7.9% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the neighborhood is English, spoken by 97.0% of households. Some people also speak Spanish (2.7%).
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 neighborhood in Red Banks, MS, residents most commonly identify their ethnicity or ancestry as Irish (7.6%). There are also a number of people of German ancestry (5.9%), and residents who report English roots (4.7%), and some of the residents are also of Arab ancestry (3.1%), along with some Lebanese ancestry residents (3.1%), among others.
Getting to Work
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in neighborhood spend between 30 and 45 minutes commuting one-way to work (39.4% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (93.9%) 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 (6.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
SCOUT’s patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.
