New Allen Rd / Ridgemont Ave median real estate price is $108,151, which is less expensive than 94.8% of Tennessee neighborhoods and 94.1% of all U.S. neighborhoods.
The average rental price in New Allen Rd / Ridgemont Ave is currently $1,994, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 64.9% of the neighborhoods in Tennessee.
New Allen Rd / Ridgemont Ave is a suburban neighborhood (based on population density) located in Memphis, Tennessee.
New Allen Rd / Ridgemont Ave 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 occupied by a mixture of owners and renters. Many of the residences in the New Allen Rd / Ridgemont Ave neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in New Allen Rd / Ridgemont Ave. The current real estate vacancy rate here is 19.3%. This is higher than the rate of vacancies in 85.9% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually 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.
Whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the New Allen Rd / Ridgemont Ave neighborhood has more single mother households than 99.9% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.
In addition, one of the unique characteristics of the New Allen Rd / Ridgemont Ave neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 98.0% of the neighborhoods in America.
Also, neighborhoodScout's exclusive research revealed that 93.5% of the adult residents in the New Allen Rd / Ridgemont Ave neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 95.7% of the neighborhoods in America.
Our research reveals that 95.4% of commuters who live in the New Allen Rd / Ridgemont Ave neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 99.5% of U.S. neighborhoods.
Most neighborhoods are composed of a mixture of ages of homes, but the New Allen Rd / Ridgemont Ave stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 80.1% of the residential real estate here was built in this one time period.
Did you know that the New Allen Rd / Ridgemont Ave neighborhood has more African and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 21.9% of this neighborhood's residents have African ancestry and 21.9% have Sub-Saharan African 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 New Allen Rd / Ridgemont Ave neighborhood in Memphis are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 98.0% of U.S. neighborhoods. With 33.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 84.2% 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 New Allen Rd / Ridgemont Ave neighborhood, 35.7% of the working population is employed in manufacturing and laborer 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 26.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (24.9%), and 13.2% in executive, management, and professional occupations.
The most common language spoken in the New Allen Rd / Ridgemont Ave neighborhood is English, spoken by 97.2% of households. Some people also speak Spanish (2.5%).
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the New Allen Rd / Ridgemont Ave neighborhood in Memphis, TN, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (21.9%). There are also a number of people of African ancestry (21.9%), and residents who report Mexican roots (2.1%), and some of the residents are also of German ancestry (1.4%).
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 New Allen Rd / Ridgemont Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (50.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (95.4%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.