Memphis Junction median real estate price is $57,035, which is less expensive than 93.0% of Mississippi neighborhoods and 98.1% of all U.S. neighborhoods.
The average rental price in Memphis Junction is currently $1,174, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 71.1% of Mississippi neighborhoods.
Memphis Junction is a suburban neighborhood (based on population density) located in Grenada, Mississippi.
Memphis Junction real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Memphis Junction neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Vacant apartments or homes are a major fact of life in Memphis Junction. The current real estate vacancy rate here is 26.9%. This is higher than the rate of vacancies in 92.6% 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.
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 Grenada, the Memphis Junction neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Memphis Junction neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Memphis Junction neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 78.9% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 99.5% of U.S. neighborhoods. Less time commuting means more time for other things in life.
One of the unique characteristics of the Memphis Junction neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 96.6% of the neighborhoods in America. The Memphis Junction neighborhood also has a greater percentage of children living in poverty (67.1%) than found in 98.1% 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.
In addition, of particular note, 4.1% of the people in the Memphis Junction neighborhood currently reside in a correction facility, held due to punishment for a crime.
Also, with a nice mix of college students, safety from crime, and decent walkability, the Memphis Junction neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 85.9% of the neighborhoods in MS. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Memphis Junction neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 97.8% of all American neighborhoods.
Our research reveals that 91.8% of commuters who live in the Memphis Junction neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 97.2% of U.S. neighborhoods.
Did you know that the Memphis Junction neighborhood has more African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.9% of this neighborhood's residents have African ancestry.
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 Memphis Junction neighborhood in Grenada are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 96.6% of U.S. neighborhoods. With 67.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.1% 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 Memphis Junction neighborhood, 43.1% 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 manufacturing and laborer occupations, with 34.5% of the residents employed. Other residents here are employed in executive, management, and professional occupations (17.7%), and 6.1% in government jobs, whether they are in local, state, or federal positions.
The most common language spoken in the Memphis Junction neighborhood is English, spoken by 99.7% of households.
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 Memphis Junction neighborhood in Grenada, MS, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (6.9%). There are also a number of people of African ancestry (6.9%).
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 Memphis Junction neighborhood spend under 15 minutes commuting one-way to work (78.9% of working residents), one of the shortest commutes across America.
Here most residents (91.8%) 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.