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Real Estate Prices & Overview

Maywood / Mineral Wells median real estate price is $332,137, which is more expensive than 90.2% of the neighborhoods in Mississippi and 50.7% of the neighborhoods in the U.S.

The average rental price in Maywood / Mineral Wells is currently $2,356, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 96.2% of the neighborhoods in Mississippi.

Maywood / Mineral Wells is a suburban neighborhood (based on population density) located in Olive Branch, Mississippi.

Maywood / Mineral Wells 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 Maywood / Mineral Wells 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.

Real estate vacancies in Maywood / Mineral Wells are 3.5%, which is lower than one will find in 78.4% of American neighborhoods. Demand for real estate in Maywood / Mineral Wells is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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.

People

Of note is NeighborhoodScout's research finding that the Maywood / Mineral Wells neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Maywood / Mineral Wells community truly stands out from the rest in this regard.

In addition, the Maywood / Mineral Wells neighborhood is considered a solid choice for executive lifestyles. NeighborhoodScout's analysis ranks it as better than 94.6% of Mississippi neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state.

Modes of Transportation

Our research reveals that 94.7% of commuters who live in the Maywood / Mineral Wells neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 99.1% of U.S. neighborhoods.

Diversity

Significantly, 3.5% of its residents five years old and above primarily speak Vietnamese at home. While this may seem like a small percentage, it is higher than 97.2% of the neighborhoods in America.

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 Maywood / Mineral Wells neighborhood in Olive Branch are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 76.3% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America'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 Maywood / Mineral Wells neighborhood, 38.3% 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 33.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.3%), and 11.9% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Maywood / Mineral Wells neighborhood is English, spoken by 90.0% of households. Other important languages spoken here include French and Vietnamese.

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 Maywood / Mineral Wells neighborhood in Olive Branch, MS, residents most commonly identify their ethnicity or ancestry as English (8.6%). There are also a number of people of Sub-Saharan African ancestry (6.8%), and residents who report Irish roots (5.6%), and some of the residents are also of German ancestry (5.0%), along with some Asian ancestry residents (4.5%), 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 Maywood / Mineral Wells neighborhood spend between 30 and 45 minutes commuting one-way to work (35.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (94.7%) 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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