Real Estate Prices and Overview
S Martin Luther King Blvd / Alta Dr median real estate prices are $105,007, which is less expensive than 84.9% of Nevada neighborhoods
and 73.6% of all U.S. neighborhoods.
Average rental prices in S Martin Luther King Blvd / Alta Dr are currently
$981, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 88.3% of Nevada neighborhoods.
S Martin Luther King Blvd / Alta Dr is a suburban neighborhood (based on population
density) located in Las Vegas, Nevada.
S Martin Luther King Blvd / Alta Dr real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes.
Most of the residential real estate is renter occupied. Many of
the residences in the S Martin Luther King Blvd / Alta Dr 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
S Martin Luther King Blvd / Alta Dr. The current real estate vacancy rate here is 26.6%.
This is higher than the rate of vacancies in 92.0% 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
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: Diversity
Did you know that the S Martin Luther King Blvd / Alta Dr neighborhood has more
African ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 4.1% of
this neighborhood's residents have African 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 S Martin Luther King Blvd / Alta Dr neighborhood in Las Vegas are lower-middle income, making it a below average income neighborhood.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 73.9% of U.S. neighborhoods.
With 40.6% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 84.3%
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 S Martin Luther King Blvd / Alta Dr neighborhood, 38.7%
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
manufacturing and laborer occupations, with 27.2% of the residents employed.
Other residents here are employed in executive, management, and professional occupations
(19.5%), and 14.6% in clerical, assistant, and tech support 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 S Martin Luther King Blvd / Alta Dr neighborhood in Las Vegas, NV, residents
most commonly identify their ethnicity or ancestry as Mexican
(27.3%). There are also a number of people of Asian ancestry (7.6%) , and residents who report Sub-Saharan African roots (4.1%) , and some of the residents are also of African ancestry (4.1%) , along with some German ancestry residents (3.6%), among others. In addition, 19.4% of the residents of this neighborhood were born in another country.
The Neighbors: Languages
The most common language spoken in the S Martin Luther King Blvd / Alta Dr
neighborhood is English, spoken by 62.3% of households. Some people also speak Spanish (33.7%).
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 S Martin Luther King Blvd / Alta Dr neighborhood spend
between 15 and 30 minutes commuting one-way to work (49.8% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (65.7%) 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 (14.6%) and 11.1% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.