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Real Estate Prices & Overview

Cadillac / Cannonsburg median real estate price is $70,289, which is less expensive than 89.6% of Mississippi neighborhoods and 96.9% of all U.S. neighborhoods.

The average rental price in Cadillac / Cannonsburg is currently $826, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 93.3% of Mississippi neighborhoods.

Cadillac / Cannonsburg is a remote neighborhood (based on population density) located in Fayette, Mississippi.

Cadillac / Cannonsburg real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) mobile homes and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Cadillac / Cannonsburg 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 Cadillac / Cannonsburg. The current real estate vacancy rate here is 18.8%. This is higher than the rate of vacancies in 85.2% 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

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 Fayette, the Cadillac / Cannonsburg neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

While most Americans do drive to work alone each day, the Cadillac / Cannonsburg neighborhood stands out by having 95.4% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 99.5% of all American neighborhoods.

Real Estate

The Cadillac / Cannonsburg neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 51.2% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.1% of the neighborhoods in the U.S. If you like mobile homes, this might be a great neighborhood in which to look for real estate.

In addition, most neighborhoods are composed of a mixture of ages of homes, but the Cadillac / Cannonsburg stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 89.7% of the residential real estate here was built in this one time period.

Furthermore, unpopulated, and rural, the Cadillac / Cannonsburg neighborhood is one of the least crowded neighborhoods in all of America. If you like open space, no traffic, and lots of room, this neighborhood may be just what you are looking for. According to NeighborhoodScout's leading research, this neighborhood is less densely populated than 95.1% of the neighborhoods in America.

People

One of the unique characteristics of the Cadillac / Cannonsburg neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 96.2% of the neighborhoods in America.

In addition, the Cadillac / Cannonsburg neighborhood stands out within Mississippi for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 7.4% of college-friendly places to live in MS.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. More residents of the Cadillac / Cannonsburg neighborhood live here today that also were living in this same neighborhood five years ago than is found in 97.4% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.

Diversity

Did you know that the Cadillac / Cannonsburg neighborhood has more African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.9% of this neighborhood's residents have African ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Cadillac / Cannonsburg neighborhood in Fayette are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 96.2% of U.S. neighborhoods. With 40.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 89.2% 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 Cadillac / Cannonsburg neighborhood, 39.2% of the working population is employed in executive, management, and professional 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 26.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (20.2%), and 14.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Cadillac / Cannonsburg neighborhood is English, spoken by 98.4% of households.

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 Cadillac / Cannonsburg neighborhood in Fayette, MS, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (8.9%). There are also a number of people of African ancestry (8.9%), and residents who report Spanish roots (4.0%), and some of the residents are also of Irish ancestry (2.8%), along with some French ancestry residents (1.4%), 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 Cadillac / Cannonsburg neighborhood spend under 15 minutes commuting one-way to work (40.2% of working residents), one of the shortest commutes across America.

Here most residents (95.4%) 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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