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Real Estate Prices & Overview

Industrial median real estate price is $191,737, which is more expensive than 56.4% of the neighborhoods in Mississippi and 21.9% of the neighborhoods in the U.S.

The average rental price in Industrial is currently $1,645, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 70.5% of the neighborhoods in Mississippi.

Industrial is a remote neighborhood (based on population density) located in Picayune, Mississippi.

Industrial 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 owner occupied. Many of the residences in the Industrial 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.

Industrial has a 10.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 64.7% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are 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.

People

Of note is NeighborhoodScout's research finding that the Industrial 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 Industrial community truly stands out from the rest in this regard.

Diversity

Did you know that the Industrial neighborhood has more French ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.2% of this neighborhood's residents have French ancestry.

Industrial is also pretty special linguistically. Significantly, 6.8% of its residents five years old and above primarily speak Italian at home. While this may seem like a small percentage, it is higher than 95.7% 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 Industrial neighborhood in Picayune are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 68.0% of U.S. neighborhoods. 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.

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 Industrial neighborhood, 38.5% of the working population is employed in manufacturing and laborer 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 27.9% of the residents employed. Other residents here are employed in executive, management, and professional occupations (26.0%), and 7.5% 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 Industrial neighborhood is English, spoken by 95.3% of households. Other important languages spoken here include Italian and Spanish.

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 Industrial neighborhood in Picayune, MS, residents most commonly identify their ethnicity or ancestry as German (13.8%). There are also a number of people of English ancestry (13.3%), and residents who report Irish roots (12.2%), and some of the residents are also of French ancestry (12.2%), along with some Italian ancestry residents (11.6%), 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 Industrial neighborhood spend between 45 minutes and one hour commuting one-way to work (32.4% of working residents), longer and tougher than most commutes in America.

Here most residents (71.1%) 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 (21.0%) . 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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