Real Estate Prices and Overview
Wallace Ridge median real estate prices are $71,765, which is less expensive than 86.1% of Louisiana neighborhoods
and 90.2% of all U.S. neighborhoods.
Average rental prices in Wallace Ridge are currently
$507, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 90.5% of Louisiana neighborhoods.
Wallace Ridge is a remote neighborhood (based on population
density) located in Jonesville, Louisiana.
Wallace Ridge real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes.
Most of the residential real estate is owner occupied. Many of
the residences in the Wallace Ridge neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in
Wallace Ridge. The current real estate vacancy rate here is 26.2%.
This is higher than the rate of vacancies in 91.7% 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
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 Jonesville,
the Wallace Ridge neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Length of Commute
Regardless of the means by which residents commute, this neighborhood has
a length of commute that is notable.
Long commutes can be brutal. They take time, money, and energy, leaving less
of you for yourself and your family. The residents of the
Wallace Ridge neighborhood unfortunately have the distinction of having,
on average, a longer commute than most any neighborhood in America.
15.9% of commuters here travel more than one hour just one-way
to work. That is more than two hours per day. This percentage with two-hour +
round-trip commutes is higher than NeighborhoodScout found in 99.5%
of all neighborhoods in America.
Notable & Unique: Real Estate
Uncrowded roads, rural America and space to be the individual you are. If you like these characteristics, this neighborhood may fit you. With just 10.8 residents per square mile, Wallace Ridge is less crowded than 97.0% of all U.S. neighborhoods. One of the notable things about Wallace Ridge is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.
In addition, the real estate in this neighborhood consists of more mobile homes than 95.6% of all neighborhoods in America, with 31.2% 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.
Notable & Unique: Diversity
Did you know that the Wallace Ridge neighborhood has more
French ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 7.4% of
this neighborhood's residents have French ancestry.
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 Wallace Ridge neighborhood in Jonesville are middle-income, making it a moderate income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 41.0% of the neighborhoods in America.
In addition, 10.8% 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 60.7%
of America'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 Wallace Ridge neighborhood, 35.9%
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 22.9% of the residents employed.
Other residents here are employed in executive, management, and professional occupations
(21.0%), and 18.9% in clerical, assistant, and tech support occupations.
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 Wallace Ridge neighborhood in Jonesville, LA, residents
most commonly identify their ethnicity or ancestry as Irish
(14.8%). There are also a number of people of German ancestry (10.6%) , and residents who report French roots (7.4%) , and some of the residents are also of English ancestry (4.6%) .
The Neighbors: Languages
The most common language spoken in the Wallace Ridge
neighborhood is English, spoken by 99.6% 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 Wallace Ridge neighborhood spend
under 15 minutes commuting one-way to work (34.7% of working
residents), one of the shortest commutes across America. However, there is also a significant group of residents (15.9%) who
commute over an hour in each direction.
Here most residents (75.1%) 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 (15.1%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.