Real Estate Prices and Overview
S Bellevue Blvd / Lamar Ave median real estate prices are $245,192, which is more expensive than 92.6% of the neighborhoods
in Tennessee and 70.2% of the
neighborhoods in the U.S.
Average rental prices in S Bellevue Blvd / Lamar Ave are currently
$616, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 46.1% of Tennessee neighborhoods.
S Bellevue Blvd / Lamar Ave is an urban neighborhood (based on population
density) located in Memphis, Tennessee.
S Bellevue Blvd / Lamar Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 S Bellevue Blvd / Lamar Ave neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
S Bellevue Blvd / Lamar Ave has a 16.1% vacancy rate, which is
well above average compared to other U.S. neighborhoods (higher than
76.8% of American neighborhoods). This could either
signal that there is weak demand for real estate in the neighborhood,
or that much of the housing stock is seasonally occupied,
which can occur in some markets dominated by colleges or vacation homes.
Either way, if you live here year round, you will find many of the homes
or apartments are empty for all or a portion of the year.
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 Memphis,
the S Bellevue Blvd / Lamar Ave 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 S Bellevue Blvd / Lamar Ave neighborhood has more
Scots-Irish and Lebanese ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 7.0% of
this neighborhood's residents have Scots-Irish ancestry and 1.0% have Lebanese ancestry.
Notable & Unique: People
The first thing that you'll notice if you moved to this neighborhood is
that an astounding 2.9% of the households are same sex couples.
According to NeighborhoodScout's analysis, this is a higher proportion of
same sex households than in 99.1% of the neighborhoods in
America. This is one indicator that this neighborhood is likely a gay-friendly
neighborhood. So if you are looking for such a neighborhood, the
S Bellevue Blvd / Lamar Ave neighborhood should definitely be on your list of places to
In addition, some neighborhoods have residents that are more educated than others. But
in this neighborhood there is a dramatic difference. NeighborhoodScout's
exclusive analysis reveals that 36.4% of the adults here have
earned a Masters degree, medical degree, Ph.D. or law degree. This is a
higher rate of people with a graduate degree than is found in
97.6% of U.S. neighborhoods, where the average American
neighborhood has 8.4% of its adults with a graduate degree. If you are
highly educated, you may have much in common with many of your neighbors here.
Notable & Unique: Occupations
Executives, managers and professionals make up 63.9% of the workforce
in the S Bellevue Blvd / Lamar Ave neighborhood which, according to
NeighborhoodScout's exclusive analysis, is a higher proportion of such
high-level people than is found in 95.9% of the neighborhoods
in America. For this reason, this neighborhood really stands out as unique.
Notable & Unique: Real Estate
In addition, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 65.3% of the residential real estate in the S Bellevue Blvd / Lamar Ave neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 96.7% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
The Neighbors: Income
There are two complimentary 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 Bellevue Blvd / Lamar Ave neighborhood in Memphis are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 71.7% of the neighborhoods in America.
In addition, 2.3% of the children seventeen and under
living in this neighborhood are living below the federal poverty line, which
is a lower rate of childhood poverty than is found in 84.1%
of America's neighborhoods.
The Neighbors: Occupations
The old saying "you are what you eat" is true. But it is also true that you
are what you do for a living. The types of occupations your neighbors have
shape their character, and together as a group, their collective occupations
shape the culture of a place.
In the S Bellevue Blvd / Lamar Ave neighborhood, 63.9%
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 18.3% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(9.9%), and 8.0% in manufacturing and laborer occupations.
The Neighbors: 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 S Bellevue Blvd / Lamar Ave neighborhood in Memphis, TN, residents
most commonly identify their ethnicity or ancestry as English
(15.6%). There are also a number of people of Irish ancestry (7.9%) , and residents who report German roots (7.3%) , and some of the residents are also of Scots-Irish ancestry (7.0%) , along with some Italian ancestry residents (3.8%), among others.
The Neighbors: Languages
The most common language spoken in the S Bellevue Blvd / Lamar Ave
neighborhood is English, spoken by 96.5% 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 S Bellevue Blvd / Lamar Ave neighborhood spend
under 15 minutes commuting one-way to work (41.8% of working
residents), one of the shortest commutes across America.
Here most residents (83.9%) 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 (7.3%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.