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Real Estate Prices & Overview

Hillcrest / Preston Woods median real estate price is $367,021, which is more expensive than 60.1% of the neighborhoods in Tennessee and 48.3% of the neighborhoods in the U.S.

The average rental price in Hillcrest / Preston Woods is currently $1,061, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 97.0% of Tennessee neighborhoods.

Hillcrest / Preston Woods is a suburban neighborhood (based on population density) located in Kingsport, Tennessee.

Hillcrest / Preston Woods 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 Hillcrest / Preston Woods neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 8.0% in Hillcrest / Preston Woods. NeighborhoodScout analysis shows that this rate is lower than 48.0% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 Kingsport, the Hillcrest / Preston Woods neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Diversity

Did you know that the Hillcrest / Preston Woods neighborhood has more English and Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 24.1% of this neighborhood's residents have English ancestry and 3.1% have Scots-Irish 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 Hillcrest / Preston Woods neighborhood in Kingsport are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 46.6% of the neighborhoods in America. With 42.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 90.3% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Hillcrest / Preston Woods neighborhood, 48.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 20.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.4%), and 12.6% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Hillcrest / Preston Woods neighborhood is English, spoken by 99.5% of households.

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 Hillcrest / Preston Woods neighborhood in Kingsport, TN, residents most commonly identify their ethnicity or ancestry as English (24.1%). There are also a number of people of Irish ancestry (13.1%), and residents who report German roots (7.6%), and some of the residents are also of Scots-Irish ancestry (3.1%), along with some Scottish ancestry residents (2.0%), 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 Hillcrest / Preston Woods neighborhood spend under 15 minutes commuting one-way to work (53.3% of working residents), one of the shortest commutes across America.

Here most residents (74.8%) 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 (8.5%) . 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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