Real Estate Prices and Overview
Riverside median real estate prices are $77,751, which is more expensive than 46.7% of the neighborhoods
in Mississippi and 12.9% of the
neighborhoods in the U.S.
Average rental prices in Riverside are currently
$691, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 43.0% of Mississippi neighborhoods.
Riverside is a suburban neighborhood (based on population
density) located in Hattiesburg, Mississippi.
Riverside real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments.
Most of the residential real estate is renter occupied. Many of
the residences in the Riverside neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Riverside has a 12.6% vacancy rate, which is
well above average compared to other U.S. neighborhoods (higher than
65.3% 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: Occupations
With 1.9% of employed workers living in the
Riverside neighborhood active in the military, this neighborhood has
the distinction of having a higher proportion of people in the military
than 96.6% of American neighborhoods. This is a major
shaper of the neighborhood's culture and character.
Notable & Unique: People
Of note, 62.3% of the children in this area
live in poverty; an extraordinarily high percentage compared to other
neighborhoods in the nation. In a nation where approximately one in
four children grows up in poverty, this neighborhood stands out for
the depth of the problem manifested here.
In addition, an extraordinary 12.5% of the residents of the
Riverside neighborhood are currently enrolled in college. This is
such a large part of life in this neighborhood that the neighborhood changes
a great deal with the change of semesters and is far quieter during
the summer when many students are away.
Notable & Unique: Diversity
Did you know that the Riverside neighborhood has more
African ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 3.0% of
this neighborhood's residents have African ancestry.
Riverside is also pretty special linguistically. Significantly, 3.1% of its residents five years old and above primarily
speak Gujarati, which is native to the Indian state of Gujarat, at home. While this may seem like a small percentage, it is higher
than 99.3% of the neighborhoods in America.
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 Riverside neighborhood in Hattiesburg are low income, making it among the lowest income neighborhoods in America.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 92.6% of U.S. neighborhoods.
With 62.3% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 96.1%
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 Riverside neighborhood, 30.1%
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
executive, management, and professional occupations, with 25.1% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(22.6%), and 21.1% in manufacturing and laborer 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 Riverside neighborhood in Hattiesburg, MS, residents
most commonly identify their ethnicity or ancestry as Mexican
(3.7%). There are also a number of people of French ancestry (3.5%) , and residents who report African roots (3.0%) , and some of the residents are also of Sub-Saharan African ancestry (3.0%) , along with some German ancestry residents (2.5%), among others.
The Neighbors: 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 Riverside
neighborhood is English, spoken by 92.7% of households. Other important languages spoken here include South Asian languages and Gujarati (native to the Indian state of Gujarat).
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 Riverside neighborhood spend
under 15 minutes commuting one-way to work (49.1% of working
residents), one of the shortest commutes across America.
Here most residents (86.9%) 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 (8.9%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.