Real Estate Prices and Overview
8th Ave S / Wedgewood Ave median real estate prices are $137,182, which is more expensive than 63.8% of the neighborhoods
in Tennessee and 40.4% of the
neighborhoods in the U.S.
Average rental prices in 8th Ave S / Wedgewood Ave are currently
$469, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 94.6% of Tennessee neighborhoods.
8th Ave S / Wedgewood Ave is an urban neighborhood (based on population
density) located in Nashville, Tennessee.
8th Ave S / Wedgewood Ave 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 8th Ave S / Wedgewood Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
8th Ave S / Wedgewood Ave has a 14.0% vacancy rate, which is
well above average compared to other U.S. neighborhoods (higher than
70.2% 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 Nashville,
the 8th Ave S / Wedgewood Ave neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Significantly, 5.3% of its residents five years old and above primarily
speak Vietnamese at home. While this may seem like a small percentage, it is higher
than 98.5% of the neighborhoods in America.
Notable & Unique: People
One of the unique characteristics of the 8th Ave S / Wedgewood Ave
neighborhood revealed by analysis is that the per capita income of
residents here is lower than that found in 96.7% of the neighborhoods
Also of note, 69.5% 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.
In addition, the types of households in a neighborhood can tell a lot about the character
and lifestyle of those living here. NeighborhoodScout's exclusive analysis
reveals that this neighborhood, above nearly every neighborhood in America,
has a greater percentage of its residents living alone: 45.4%. This
is a higher percent living alone than we found in 95.7% of
all U.S. neighborhoods. Often residents who live alone are new arrivals
to an area who are single, and often senior citizens who have lost a spouse.
Notable & Unique: Occupations
There are more people living in the 8th Ave S / Wedgewood Ave neighborhood
employed as sales and service workers (56.5%) 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 8th Ave S / Wedgewood Ave neighborhood in Nashville are low income, making it among the lowest income neighborhoods in America.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 96.7% of U.S. neighborhoods.
With 69.5% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 97.8%
of U.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 8th Ave S / Wedgewood Ave neighborhood, 43.5%
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 32.2% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(19.6%), and 5.1% in government jobs, whether they are in local, state, or federal positions.
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 8th Ave S / Wedgewood Ave neighborhood in Nashville, TN, residents
most commonly identify their ethnicity or ancestry as German
(4.4%). There are also a number of people of English ancestry (2.6%) , and residents who report Mexican roots (1.8%) , and some of the residents are also of Asian ancestry (1.5%) , along with some Irish ancestry residents (1.4%), among others.
The Neighbors: Languages
The most common language spoken in the 8th Ave S / Wedgewood Ave
neighborhood is English, spoken by 93.0% of households. Some people also speak Vietnamese (5.3%).
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 8th Ave S / Wedgewood Ave neighborhood spend
between 15 and 30 minutes commuting one-way to work (60.0% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (72.8%) 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 (20.7%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.