Real Estate Prices and Overview
Jaluco median real estate prices are $199,368, which is more expensive than 84.7% of the neighborhoods
in South Carolina and 61.0% of the
neighborhoods in the U.S.
Average rental prices in Jaluco are currently
$827, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 67.8%
of the neighborhoods in South Carolina.
Jaluco is a suburban neighborhood (based on population
density) located in Myrtle Beach, South Carolina.
Jaluco real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments.
Most of the residential real estate is occupied by a mixture of owners and renters. Many of
the residences in the Jaluco neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in
Jaluco. The current real estate vacancy rate here is 24.5%.
This is higher than the rate of vacancies in 90.4% 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
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 Myrtle Beach,
the Jaluco neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Did you know that the Jaluco neighborhood has more
Hungarian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 2.3% of
this neighborhood's residents have Hungarian ancestry.
Jaluco is also pretty special linguistically. Significantly, 0.4% 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 96.7% of the neighborhoods in America.
Notable & Unique: People
An extraordinary 16.4% of the residents of the
Jaluco 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.
In addition, the Jaluco neighborhood stands out within South Carolina
for its college student friendly environment. NeighborhoodScout's analysis
reveals that this neighborhood is home to a number of college students,
is relatively walkable, and above average in safety. In combination, this
makes it stand out for a good place for college students to consider.
Because a number of college students live here, this neighborhood may
be close to a college campus and offer certain amenities nearby geared
towards the student body. While it's not an environment for everyone,
ambitious scholars can enjoy seasonal excitement between semesters and
school breaks, and parents can rest easy knowing that the area has an
above average safety rating. For each of these reasons, the
neighborhood is rated among the top 9%
of college-friendly places to live in SC.
Notable & Unique: Occupations
There are more people living in the Jaluco neighborhood
employed as sales and service workers (55.7%) than almost any neighborhood
in the country. From fast-food service workers to major sales accounts,
sales and service workers make up the largest proportion of our national
employment picture. But despite that size and importance nationally, this
neighborhood still stands out as unique due to the dominance of people
living here who work in such occupations.
Notable & Unique: Real Estate
In addition, if you like the look and ambience of new homes and newly built neighborhoods, you will love the Jaluco neighborhood. A whopping 65.3% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 98.1% of the neighborhoods in the U.S. Everything here just feels new.
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 Jaluco neighborhood in Myrtle Beach are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 62.5% of the neighborhoods in America.
With 17.7% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 54.2%
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 Jaluco neighborhood, 44.3%
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 30.2% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(18.8%), and 6.8% 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 Jaluco neighborhood in Myrtle Beach, SC, residents
most commonly identify their ethnicity or ancestry as Irish
(13.8%). There are also a number of people of Italian ancestry (10.4%) , and residents who report German roots (8.7%) , and some of the residents are also of English ancestry (7.8%) , along with some Polish ancestry residents (6.2%), among others.
The Neighbors: Languages
The most common language spoken in the Jaluco
neighborhood is English, spoken by 93.8% of households. Some people also speak Spanish (2.5%).
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 Jaluco neighborhood spend
between 15 and 30 minutes commuting one-way to work (51.0% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (90.6%) 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 (8.0%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.