Real Estate Prices and Overview
Lane College / Parkwood Trce median real estate prices are $55,363, which is less expensive than 96.5% of Tennessee neighborhoods
and 96.4% of all U.S. neighborhoods.
Average rental prices in Lane College / Parkwood Trce are currently
$562, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 83.4% of Tennessee neighborhoods.
Lane College / Parkwood Trce is a suburban neighborhood (based on population
density) located in Jackson, Tennessee.
Lane College / Parkwood Trce real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings.
Most of the residential real estate is renter occupied. Many of
the residences in the Lane College / Parkwood Trce neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in
Lane College / Parkwood Trce. The current real estate vacancy rate here is 20.9%.
This is higher than the rate of vacancies in 86.2% 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
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: Diversity
Did you know that the Lane College / Parkwood Trce neighborhood has more
African and Sub-Saharan African ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 11.4% of
this neighborhood's residents have African ancestry and 11.4% have Sub-Saharan African ancestry.
Notable & Unique: People
Whether by choice, divorce, or unplanned pregnancy, single moms may have
the toughest job in the book. NeighborhoodScout's exclusive analysis reveals
that the Lane College / Parkwood Trce neighborhood has more single mother
households than 99.1% of the neighborhoods in the U.S.
Often high concentrations of single mother homes can be a strong indicator
of family and social issues such as poverty, high rates of school dropouts,
crime, and other societal problems.
In addition, one of the unique characteristics of the Lane College / Parkwood Trce
neighborhood revealed by analysis is that the per capita income of
residents here is lower than that found in 97.8% of the neighborhoods
Also of note, 78.6% 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.
Also, an extraordinary 17.2% of the residents of the
Lane College / Parkwood Trce 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.
Finally, the Lane College / Parkwood Trce neighborhood stands out within Tennessee
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 10%
of college-friendly places to live in TN.
Notable & Unique: Occupations
There are more people living in the Lane College / Parkwood Trce neighborhood
employed as sales and service workers (57.4%) 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.
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 Lane College / Parkwood Trce neighborhood in Jackson are low income, making it among the lowest income neighborhoods in America.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 97.8% of U.S. neighborhoods.
With 78.6% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 99.1%
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 Lane College / Parkwood Trce neighborhood, 42.6%
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 23.1% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(18.7%), and 15.6% in executive, management, and professional occupations.
The Neighbors: Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities
and ancestries have different cultural traditions, and as a result, neighborhoods
with concentrations of residents of one or another ethnicities or ancestries
will express those cultures. It is what makes the North End in Boston so fun
to visit for the Italian restaurants, bakeries, culture, and charm, and similarly,
why people enjoy visiting Chinatown in San Francisco.
In the Lane College / Parkwood Trce neighborhood in Jackson, TN, residents
most commonly identify their ethnicity or ancestry as African
(11.4%). There are also a number of people of Sub-Saharan African ancestry (11.4%) , and residents who report French roots (1.4%) , and some of the residents are also of English ancestry (1.2%) .
The Neighbors: Languages
The most common language spoken in the Lane College / Parkwood Trce
neighborhood is English, spoken by 98.5% of households.
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 Lane College / Parkwood Trce neighborhood spend
under 15 minutes commuting one-way to work (53.6% of working
residents), one of the shortest commutes across America.
Here most residents (78.4%) drive alone in a private automobile to get to work.
In addition, quite a number also ride the bus to get to work (8.1%) and 6.2% 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.