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
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
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
The 8th Ave S / Wedgewood Ave neighborhood stands out for having an
average per capita income lower than 96.7% of the neighborhoods
in the United States.
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, one of the most interesting things about the 8th Ave S / Wedgewood Ave
neighborhood is that it has a greater concentration of residents who live
alone than most all neighborhoods in America. With 45.4% of the
households here made up of people living alone, NeighborhoodScout's research
reveals that this is a larger proportion of people living alone than in
95.7% of the neighborhoods in America.
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 8th Ave S / Wedgewood Ave
neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis
identifies this neighborhood as having a higher percentage of sales and
service workers than 96.2% 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 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
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 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 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 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.