Real Estate Prices and Overview
E 8th Ave / Mississippi St median real estate prices are $44,703, which is less expensive than 97.7% of Indiana neighborhoods
and 98.5% of all U.S. neighborhoods.
Average rental prices in E 8th Ave / Mississippi St are currently
$637, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 61.2%
of the neighborhoods in Indiana.
E 8th Ave / Mississippi St is an urban neighborhood (based on population
density) located in Gary, Indiana.
E 8th Ave / Mississippi St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 E 8th Ave / Mississippi St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Vacant apartments or homes are a major fact of life in
E 8th Ave / Mississippi St. The current real estate vacancy rate here is 39.3%.
This is higher than the rate of vacancies in 97.1% of
all U.S. neighborhoods. This can sometimes be the case in neighborhoods
dominated by seasonal homes (such as vacation areas), and occasionally
it is also found in neighborhoods that are primarily filled with college
students, as some apartments could be vacant when school is not in session.
But often neighborhoods with vacancy rates this high are places that
can be plagued by a protracted vacancy problem. If you live here, you
may find that a number of buildings in your neighborhood are actually empty.
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: 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 E 8th Ave / Mississippi St neighborhood has more single mother
households than 98.7% 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, with a nice mix of college students, safety from crime, and decent
walkability, the E 8th Ave / Mississippi St neighborhood rates highly
as a college student friendly place to live, and one that college
students and their parents may want to consider. NeighborhoodScout's
analysis shows that it rates more highly for a good place for college
students to live than 88% of the neighborhoods in
IN. This often also means that the area has certain amenities
and services geared towards college students, from undergraduates to
Notable & Unique: Diversity
Did you know that the E 8th Ave / Mississippi St neighborhood has more
Slovak ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.8% of
this neighborhood's residents have Slovak ancestry.
Notable & Unique: Real Estate
In addition, despite all of the residential real estate here in the E 8th Ave / Mississippi St neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 39.3%, which is higher than 97.1% of all U.S. neighborhoods.
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 E 8th Ave / Mississippi St neighborhood in Gary are low income, making it among the lowest income neighborhoods in America.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 85.7% of U.S. neighborhoods.
With 55.7% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 93.6%
of U.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 E 8th Ave / Mississippi St neighborhood, 36.4%
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
manufacturing and laborer occupations, with 34.6% of the residents employed.
Other residents here are employed in executive, management, and professional occupations
(27.9%), and 6.7% in government jobs, whether they are in local, state, or federal positions.
The Neighbors: 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 E 8th Ave / Mississippi St neighborhood in Gary, IN, residents
most commonly identify their ethnicity or ancestry as Mexican
(2.1%). There are also a number of people of Slovak ancestry (1.8%) , and residents who report Puerto Rican roots (1.2%) .
The Neighbors: Languages
The most common language spoken in the E 8th Ave / Mississippi St
neighborhood is English, spoken by 98.9% of households.
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 E 8th Ave / Mississippi St neighborhood spend
between 15 and 30 minutes commuting one-way to work (67.7% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (90.6%) 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 (9.4%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.