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Real Estate Prices & Overview

Terrace St / E Holbrook Ave median real estate price is $101,048, which is less expensive than 86.6% of Michigan neighborhoods and 93.1% of all U.S. neighborhoods.

The average rental price in Terrace St / E Holbrook Ave is currently $1,375, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 66.8% of Michigan neighborhoods.

Terrace St / E Holbrook Ave is an urban neighborhood (based on population density) located in Muskegon, Michigan.

Terrace St / E Holbrook Ave 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 Terrace St / E Holbrook Ave neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Terrace St / E Holbrook Ave has a 15.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 78.9% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are 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 Muskegon, the Terrace St / E Holbrook Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

NeighborhoodScout's exclusive research identifies the Terrace St / E Holbrook Ave neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 48.9% of its working residents employed in such fields, which is a higher proportion than 98.6% of American neighborhoods.

People

Astoundingly, the Terrace St / E Holbrook Ave neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 98.4% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular Muskegon neighborhood.

Diversity

Significantly, 0.3% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 97.0% of the neighborhoods in America.

The Neighbors

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 Terrace St / E Holbrook Ave neighborhood in Muskegon are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 93.3% of U.S. neighborhoods. With 24.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 75.3% of U.S. neighborhoods.

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 Terrace St / E Holbrook Ave neighborhood, 48.9% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 25.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.6%), and 4.0% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Terrace St / E Holbrook Ave neighborhood is English, spoken by 96.8% of households. Other important languages spoken here include Polish, Spanish and Italian.

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 Terrace St / E Holbrook Ave neighborhood in Muskegon, MI, residents most commonly identify their ethnicity or ancestry as German (9.2%). There are also a number of people of Mexican ancestry (6.6%), and residents who report Irish roots (3.4%), and some of the residents are also of English ancestry (2.2%), along with some Dutch ancestry residents (1.4%), among others.

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 Terrace St / E Holbrook Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (43.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (77.5%) 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 (21.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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