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Real Estate Prices & Overview

Shady Grove median real estate price is $264,142, which is more expensive than 72.5% of the neighborhoods in Arkansas and 35.4% of the neighborhoods in the U.S.

The average rental price in Shady Grove is currently $1,755, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 89.0% of the neighborhoods in Arkansas.

Shady Grove is a suburban neighborhood (based on population density) located in Springdale, Arkansas.

Shady Grove real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Shady Grove neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Real estate vacancies in Shady Grove are 5.6%, which is lower than one will find in 62.2% of American neighborhoods. Demand for real estate in Shady Grove is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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 Springdale, the Shady Grove neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

Our research reveals that 89.9% of commuters who live in the Shady Grove neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 96.3% of U.S. neighborhoods.

People

Shady Grove is ranked among the top 7.2% of neighborhoods for first-time home buyers to consider in the state of Arkansas according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the Shady Grove neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers.

The Neighbors

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 Shady Grove neighborhood in Springdale are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 52.8% of the neighborhoods in America. With 21.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 70.6% of U.S. neighborhoods.

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 sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Shady Grove neighborhood, 29.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 29.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (26.2%), and 13.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Shady Grove neighborhood is English, spoken by 75.5% of households. Some people also speak Spanish (18.7%).

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 Shady Grove neighborhood in Springdale, AR, residents most commonly identify their ethnicity or ancestry as Mexican (21.9%). There are also a number of people of English ancestry (10.2%), and residents who report German roots (6.7%), and some of the residents are also of Asian ancestry (5.2%), along with some Polish ancestry residents (4.7%), among others. In addition, 10.8% of the residents of this neighborhood were born in another country.

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 Shady Grove neighborhood spend under 15 minutes commuting one-way to work (44.6% of working residents), one of the shortest commutes across America.

Here most residents (89.9%) 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 (6.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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