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Real Estate Prices & Overview

Panthersville median real estate price is $238,934, which is less expensive than 72.4% of Georgia neighborhoods and 74.1% of all U.S. neighborhoods.

The average rental price in Panthersville is currently $2,172, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 45.7% of Georgia neighborhoods.

Panthersville is a suburban neighborhood (based on population density) located in Decatur, Georgia.

Panthersville 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 Panthersville 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.

Vacant apartments or homes are a major fact of life in Panthersville. The current real estate vacancy rate here is 31.7%. This is higher than the rate of vacancies in 95.7% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. 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.

People

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: 54.2%. This is a higher percent living alone than we found in 97.3% 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.

In addition, the Panthersville neighborhood stands out for having an average per capita income lower than 95.6% of the neighborhoods in the United States. The Panthersville neighborhood also has a greater percentage of children living in poverty (58.6%) than found in 96.7% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

Real Estate

Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 31.7% of the residential real estate vacant, the Panthersville neighborhood claims the distinction of having a higher vacancy rate than 95.7% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

Diversity

Did you know that the Panthersville neighborhood has more Jamaican and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 16.5% of this neighborhood's residents have Jamaican ancestry and 14.7% have Sub-Saharan African ancestry.

Panthersville is also pretty special linguistically. Significantly, 3.1% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 97.1% of the neighborhoods in America.

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 Panthersville neighborhood in Decatur are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.6% of U.S. neighborhoods. With 58.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 96.7% of U.S. neighborhoods.

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 Panthersville neighborhood, 30.5% of the working population is employed in manufacturing and laborer 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 29.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (21.8%), and 18.0% in executive, management, and professional occupations.

Languages

The most common language spoken in the Panthersville neighborhood is English, spoken by 89.5% of households. Some people also speak African languages (3.1%).

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 Panthersville neighborhood in Decatur, GA, residents most commonly identify their ethnicity or ancestry as Jamaican (16.5%). There are also a number of people of Sub-Saharan African ancestry (14.7%), and residents who report Arab roots (2.6%), and some of the residents are also of African ancestry (2.4%). In addition, 14.6% 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 Panthersville neighborhood spend between 15 and 30 minutes commuting one-way to work (35.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (72.6%) 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 (15.0%) . 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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