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
$1,039, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.0%
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
With 3.6% of employed workers living in the
Silk Hope / Alabama Junction neighborhood active in the military, this neighborhood has
the distinction of having a higher proportion of people in the military
than 98.3% of American neighborhoods. This is a major
shaper of the neighborhood's culture and character.
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
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 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
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 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
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 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.