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Real Estate Prices & Overview

Overton median real estate price is $173,238, which is less expensive than 83.0% of Tennessee neighborhoods and 83.9% of all U.S. neighborhoods.

The average rental price in Overton is currently $1,692, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 54.2% of Tennessee neighborhoods.

Overton is a rural neighborhood (based on population density) located in Memphis, Tennessee.

Overton real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Overton neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Overton has a 14.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 76.6% 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.

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 Memphis, the Overton neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Overton neighborhood has more single mother households than 98.8% 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 Overton neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 98.4% of the neighborhoods in America.

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 Overton 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 98.4% of U.S. neighborhoods. With 30.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 81.5% 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 Overton neighborhood, 32.9% 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 clerical, assistant, and tech support occupations, with 24.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (23.8%), and 19.3% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Overton neighborhood is English, spoken by 100.0% 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 Overton neighborhood in Memphis, TN, residents most commonly identify their ethnicity or ancestry as Spanish (0.0%).

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 Overton neighborhood spend between 30 and 45 minutes commuting one-way to work (50.6% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (83.5%) 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.


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