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Real Estate Prices & Overview

Balmoral / Dearborn median real estate price is $51,432, which is less expensive than 97.6% of Louisiana neighborhoods and 99.0% of all U.S. neighborhoods.

The average rental price in Balmoral / Dearborn is currently $724, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 97.9% of Louisiana neighborhoods.

Balmoral / Dearborn is a remote neighborhood (based on population density) located in Newellton, Louisiana.

Balmoral / Dearborn real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Balmoral / Dearborn neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Balmoral / Dearborn. The current real estate vacancy rate here is 51.4%. This is higher than the rate of vacancies in 98.8% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (33.2%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

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 Newellton, the Balmoral / Dearborn neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 51.4% of the residential real estate vacant, the Balmoral / Dearborn neighborhood claims the distinction of having a higher vacancy rate than 98.8% 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.

In addition, this neighborhood has wide open spaces, few people, and lots of space to stretch out. If you like locations that fit that description, you may like this neighborhood. Based on NeighborhoodScout's exclusive analysis, with only 11 people per square mile living here, this neighborhood is less crowded than 96.8% of America.

People

If you are planning to retire in Louisiana, this neighborhood should be on your must-see list. For many reasons, Balmoral / Dearborn may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Louisiana, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 98.1% of neighborhoods in LA. If a Louisiana retirement is in your future, this neighborhood should be one of the places you visit.

Occupations

It used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish or harvest timber now than at any time in American history. But according to NeighborhoodScout's leading analysis, the Balmoral / Dearborn neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 4.0% of the workforce so employed, this neighborhood has a greater concentration of such workers than 95.7% of U.S. neighborhoods.

Modes of Transportation

Our research reveals that 89.0% of commuters who live in the Balmoral / Dearborn neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 95.1% of U.S. neighborhoods.

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 Balmoral / Dearborn neighborhood in Newellton are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 94.1% of U.S. neighborhoods. With 42.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 90.6% 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 Balmoral / Dearborn neighborhood, 33.4% 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 23.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (21.7%), and 17.7% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Balmoral / Dearborn neighborhood is English, spoken by 95.4% of households. Some people also speak Spanish (4.1%).

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 Balmoral / Dearborn neighborhood in Newellton, LA, residents most commonly identify their ethnicity or ancestry as English (11.3%). There are also a number of people of Irish ancestry (10.1%), and residents who report German roots (3.1%), and some of the residents are also of Mexican ancestry (2.6%), along with some Norwegian ancestry residents (1.3%), 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 Balmoral / Dearborn neighborhood spend under 15 minutes commuting one-way to work (38.8% of working residents), one of the shortest commutes across America.

Here most residents (89.0%) 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 (8.1%) . 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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