Real Estate Prices and Overview
Silk Hope / Alabama Junction median real estate prices are $25,708, which is less expensive than 99.8% of Georgia neighborhoods
and 99.8% of all U.S. neighborhoods.
Average rental prices in Silk Hope / Alabama Junction are currently
$907, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 72.2%
of the neighborhoods in Georgia.
Silk Hope / Alabama Junction is a suburban neighborhood (based on population
density) located in Savannah, Georgia.
Silk Hope / Alabama Junction real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) mobile homes and apartment complexes/high-rise apartments.
Most of the residential real estate is renter occupied. Many of
the residences in the Silk Hope / Alabama Junction 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.
Silk Hope / Alabama Junction has a 15.3% vacancy rate, which is
well above average compared to other U.S. neighborhoods (higher than
74.6% of American neighborhoods). This could either
signal that there is weak demand for real estate in the neighborhood,
or that much of the housing stock is seasonally occupied,
which can occur in some markets dominated by colleges or vacation homes.
Either way, if you live here year round, you will find many of the homes
or apartments are empty for all or a portion of the year.
Notable & Unique Neighborhood Characteristics
The way a neighborhood looks and feels when you walk or drive around it, from
its setting, its buildings, and its flavor, can make all the difference. This
neighborhood has some really cool things about the way it looks and feels as
revealed by NeighborhoodScout's exclusive research. This might include anything
from the housing stock to the types of households living here to how people
Notable & Unique: People
An interesting characteristic about the Silk Hope / Alabama Junction neighborhood
is that there are more incarcerated people living here than 99.6%
of neighborhoods in the U.S. The United States has the highest rate of
incarceration in the world, currently with 1 out of every 100 adults in the
country are incarcerated as a punishment for crimes committed. The extremely
high incarceration rate of this neighborhood could mean that a prison, juvenile
detention facility or other correctional facility occupies a large proportion
of the neighborhood, or contains a large portion of the neighborhood's population.
Notable & Unique: Occupations
The Silk Hope / Alabama Junction neighborhood stands out nationally for having
a greater proportion of its residents active in the military than
98.3% of other U.S. neighborhoods. If you come here, you
will notice military people active in their jobs, going to and from work,
and in plain clothes out and about the neighborhood.
Notable & Unique: Real Estate
In addition, the real estate in this neighborhood consists of more mobile homes than 98.8% of all neighborhoods in America, with 45.9% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.
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 Silk Hope / Alabama Junction neighborhood in Savannah are lower-middle income, making it a below average income neighborhood.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 82.4% of U.S. neighborhoods.
With 41.9% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 85.4%
of U.S. neighborhoods.
The Neighbors: Occupations
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 shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
In the Silk Hope / Alabama Junction neighborhood, 33.4%
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 27.5% of the residents employed.
Other residents here are employed in executive, management, and professional occupations
(24.4%), and 14.7% 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 Silk Hope / Alabama Junction neighborhood in Savannah, GA, residents
most commonly identify their ethnicity or ancestry as Mexican
(15.7%). There are also a number of people of Irish ancestry (7.8%) , and residents who report English roots (7.5%) , and some of the residents are also of German ancestry (3.8%) , along with some French ancestry residents (3.0%), among others. In addition, 16.3% of the residents of this neighborhood were born in another country.
The Neighbors: Languages
The most common language spoken in the Silk Hope / Alabama Junction
neighborhood is English, spoken by 77.7% of households. Some people also speak Spanish (20.2%).
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 Silk Hope / Alabama Junction neighborhood spend
between 15 and 30 minutes commuting one-way to work (59.8% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (82.3%) 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 (13.5%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.