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Real Estate Prices & Overview

Balmoral / Dearborn median real estate price is $63,663, which is less expensive than 95.6% of Louisiana neighborhoods and 98.2% of all U.S. neighborhoods.

The average rental price in Balmoral / Dearborn is currently $772, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 96.9% 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 55.3%. This is higher than the rate of vacancies in 99.0% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (37.5%). 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

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.

Real Estate

Despite all of the residential real estate here in the Balmoral / Dearborn neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 55.3%, which is higher than 99.0% of all U.S. neighborhoods.

In addition, uncrowded roads, rural America and space to be the individual you are. If you like these characteristics, this neighborhood may fit you. With just 11 residents per square mile, Balmoral / Dearborn is less crowded than 96.8% of all U.S. neighborhoods.

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 98.7% of neighborhoods in LA. If a Louisiana retirement is in your future, this neighborhood should be one of the places you visit.

In addition, the Balmoral / Dearborn neighborhood stands out for having an average per capita income lower than 97.3% of the neighborhoods in the United States.

Modes of Transportation

While most Americans do drive to work alone each day, the Balmoral / Dearborn neighborhood stands out by having 92.4% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 97.8% of all American neighborhoods.

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 4.3% of the workforce so employed, this neighborhood has a greater concentration of such workers than 96.0% 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 97.3% of U.S. neighborhoods. With 49.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 93.7% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Balmoral / Dearborn neighborhood, 28.2% 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 24.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (23.1%), and 19.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Balmoral / Dearborn neighborhood is English, spoken by 95.8% of households. Some people also speak Spanish (3.9%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Balmoral / Dearborn neighborhood in Newellton, LA, residents most commonly identify their ethnicity or ancestry as Irish (11.2%). There are also a number of people of English ancestry (7.1%), and residents who report Mexican roots (2.7%), and some of the residents are also of Scots-Irish ancestry (2.6%), along with some French ancestry residents (1.7%), among others.

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 Balmoral / Dearborn neighborhood spend under 15 minutes commuting one-way to work (37.6% of working residents), one of the shortest commutes across America.

Here most residents (92.4%) drive alone in a private automobile to get to work. 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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