Real Estate Prices and Overview
Greenwood / Morgan median real estate prices are $195,126, which is more expensive than 91.9% of the neighborhoods
in Alabama and 60.1% of the
neighborhoods in the U.S.
Average rental prices in Greenwood / Morgan are currently
$922, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 94.7%
of the neighborhoods in Alabama.
Greenwood / Morgan is a suburban neighborhood (based on population
density) located in Hoover, Alabama.
Greenwood / Morgan real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes.
Most of the residential real estate is owner occupied. Many of
the residences in the Greenwood / Morgan neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Real estate vacancies in Greenwood / Morgan are 5.6%,
which is lower than one will find in 72.8% of American
neighborhoods. Demand for real estate in Greenwood / Morgan
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
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.
Notable & Unique: Diversity
Did you know that the Greenwood / Morgan neighborhood has more
British ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.6% of
this neighborhood's residents have British ancestry.
Notable & Unique: People
Think about the people you know personally. How many of them would
purchase box seats to opening night at the symphony? How many of them
regularly attend gallery openings, or are the first to reserve tickets
to opening night at the ballet? If they're like most of us, they don't
do any of these things. But if you're among an exclusive crowd of wealthy
and refined patrons of the arts, then you'll feel right at home in
the Greenwood / Morgan neighborhood: a neighborhood in which more
"urban sophisticates" live than 95.6% of neighborhoods
across the U.S. Here, your neighbors are defined as having urbane
tastes in literature, music, live theatre and the arts. They are wealthy,
educated, travel in style, and live a big city lifestyle whether or
not they live in or near a big city.
In addition to being an excellent choice for urban sophisticates, this
neighborhood is also a very good choice for families with school-aged children and highly educated executives.
Notable & Unique: Real Estate
In addition, real estate in the Greenwood / Morgan neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 99.2% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood.
The Neighbors: Income
There are two complimentary 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 Greenwood / Morgan neighborhood in Hoover are wealthy, making it among the 15% highest income neighborhoods in America.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 89.1% of the neighborhoods in America.
In addition, 3.4% of the children seventeen and under
living in this neighborhood are living below the federal poverty line, which
is a lower rate of childhood poverty than is found in 80.4%
of America's neighborhoods.
The Neighbors: Occupations
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 Greenwood / Morgan neighborhood, 54.6%
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 24.4% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(10.9%), and 10.1% in clerical, assistant, and tech support occupations.
The Neighbors: Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents,
our houses of worship, and much of our culture – our learned behavior - comes
from our ancestors. That is why ancestry and ethnicity can be so interesting
and important to understand: places with concentrations of people of one or
more ancestries often express those shared learned behaviors and this gives
each neighborhood its own culture. Even different neighborhoods in the same
city can have drastically different cultures.
In the Greenwood / Morgan neighborhood in Hoover, AL, residents
most commonly identify their ethnicity or ancestry as German
(9.7%). There are also a number of people of Irish ancestry (9.3%) , and residents who report English roots (9.3%) , and some of the residents are also of Asian ancestry (3.8%) , along with some Italian ancestry residents (2.9%), among others.
The Neighbors: Languages
The most common language spoken in the Greenwood / Morgan
neighborhood is English, spoken by 91.0% of households. Some people also speak Spanish (4.0%).
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 Greenwood / Morgan neighborhood spend
between 15 and 30 minutes commuting one-way to work (48.2% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (90.2%) 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 (9.2%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.