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
$510, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 49.1% 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
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: Occupations
The Riverside neighborhood stands out nationally for having
a greater proportion of its residents active in the military than
96.6% of other U.S. neighborhoods. If you come here, you
will notice military people active in their jobs, going to and from work,
and in plain clothes out and about the neighborhood.
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, astoundingly, the Riverside neighborhood has one of the highest
concentrations of divorcees living here than of any neighborhood, a
higher concentration than NeighborhoodScout found in 95.4%
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 Hattiesburg neighborhood.
Also, neighborhoodScout's analysis shows that the Riverside
neighborhood has a greater concentration of residents currently enrolled
in college than 95.4% of the neighborhoods in the U.S. With
12.5% of the population here attending college, this is very
much a college-focused neighborhood.
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
There are two complimentary 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 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
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 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
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 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.