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Real Estate Prices & Overview

Silverstone / Mundy's Overlook median real estate price is $339,834, which is more expensive than 55.0% of the neighborhoods in Georgia and 48.3% of the neighborhoods in the U.S.

The average rental price in Silverstone / Mundy's Overlook is currently $2,415, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 61.5% of the neighborhoods in Georgia.

Silverstone / Mundy's Overlook is a suburban neighborhood (based on population density) located in Jonesboro, Georgia.

Silverstone / Mundy's Overlook real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Silverstone / Mundy's Overlook neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Silverstone / Mundy's Overlook, the current vacancy rate is 2.4%, which is a lower rate of vacancies than 83.8% of all neighborhoods in the U.S. This means that the housing supply in Silverstone / Mundy's Overlook is very tight compared to the demand for property here.

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 get around.

Real Estate

One way that the Silverstone / Mundy's Overlook neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 97.2% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.

In addition, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Silverstone / Mundy's Overlook neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 96.1% of all American neighborhoods.

Diversity

Did you know that the Silverstone / Mundy's Overlook neighborhood has more Sub-Saharan African and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 13.6% of this neighborhood's residents have Sub-Saharan African ancestry and 3.4% have Jamaican ancestry.

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 Silverstone / Mundy's Overlook neighborhood in Jonesboro are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 60.6% of the neighborhoods in America. With 17.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 64.3% 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 Silverstone / Mundy's Overlook neighborhood, 33.1% 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 27.3% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.6%), and 18.0% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Silverstone / Mundy's Overlook neighborhood is English, spoken by 92.1% of households. Some people also speak Spanish (5.2%).

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 Silverstone / Mundy's Overlook neighborhood in Jonesboro, GA, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (13.6%). There are also a number of people of African ancestry (5.5%), and residents who report Mexican roots (3.7%), and some of the residents are also of Jamaican ancestry (3.4%), along with some Puerto Rican ancestry residents (2.1%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Silverstone / Mundy's Overlook neighborhood spend between 30 and 45 minutes commuting one-way to work (32.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (81.7%) 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 (7.8%) . 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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