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 96.3% of all U.S. neighborhoods.
Average rental prices in Lane College / Parkwood Trce are currently
$392, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 89.0% 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
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 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
From major sales accounts to fast-food workers, sales and service employees
are often the backbone of the local economy. In the Lane College / Parkwood Trce
neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis
identifies this neighborhood as having a higher percentage of sales and
service workers than 95.7% of all American neighborhoods.
The Neighbors: Income
How wealthy a neighborhood is, from very wealthy, to middle income, to low
income is very formative with regard to the personality and character of a
neighborhood. Equally important is the rate of people, particularly children,
who live below the federal poverty line. In some wealthy gated communities,
the areas immediately surrounding can have high rates of childhood poverty,
which indicates other social issues. NeighborhoodScout's analysis reveals
both aspects of income and poverty for this 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
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 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 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 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
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 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.