Real Estate Prices and Overview
Greenwood / Morgan median real estate prices are $195,126, which is more expensive than 91.8% of the neighborhoods
in Alabama and 60.0% of the
neighborhoods in the U.S.
Average rental prices in Greenwood / Morgan are currently
$1,102, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 94.1%
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
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 Hoover,
the Greenwood / Morgan neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
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, owner-occupied real estate dominates the Greenwood / Morgan neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 99.2% of neighborhoods in America.
The Neighbors: Income
There are two complementary 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
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 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
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 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.