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Real Estate Prices & Overview

Aldens median real estate price is $261,161, which is more expensive than 78.9% of the neighborhoods in Mississippi and 35.0% of the neighborhoods in the U.S.

The average rental price in Aldens is currently $1,933, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 87.6% of the neighborhoods in Mississippi.

Aldens is a suburban neighborhood (based on population density) located in Horn Lake, Mississippi.

Aldens real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Aldens neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

In Aldens, the current vacancy rate is 2.0%, which is a lower rate of vacancies than 86.8% of all neighborhoods in the U.S. This means that the housing supply in Aldens is very tight compared to the demand for property here.

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 get around.

Modes of Transportation

While most Americans do drive to work alone each day, the Aldens neighborhood stands out by having 89.3% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 95.5% of all American neighborhoods.

People

With a nice mix of college students, safety from crime, and decent walkability, the Aldens 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 89.6% of the neighborhoods in MS. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Diversity

Significantly, 1.6% 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 99.3% 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 Aldens neighborhood in Horn Lake are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 68.1% of U.S. neighborhoods. With 41.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 89.7% of U.S. neighborhoods.

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 sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Aldens neighborhood, 27.9% of the working population is employed in executive, management, and professional 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 27.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (26.0%), and 17.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Aldens neighborhood is English, spoken by 90.8% of households. Some people also speak Spanish (6.8%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Aldens neighborhood in Horn Lake, MS, residents most commonly identify their ethnicity or ancestry as English (5.7%). There are also a number of people of Sub-Saharan African ancestry (3.5%), and residents who report African roots (3.5%), and some of the residents are also of German ancestry (3.2%), along with some Mexican ancestry residents (3.1%), among others.

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 Aldens neighborhood spend between 30 and 45 minutes commuting one-way to work (37.4% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (89.3%) drive alone in a private automobile to get to work. 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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