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Real Estate Prices & Overview

Forge Ridge / Hopewell median real estate price is $201,721, which is less expensive than 73.1% of Tennessee neighborhoods and 76.6% of all U.S. neighborhoods.

The average rental price in Forge Ridge / Hopewell is currently $1,102, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 94.7% of Tennessee neighborhoods.

Forge Ridge / Hopewell is a remote neighborhood (based on population density) located in Harrogate, Tennessee.

Forge Ridge / Hopewell 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 Forge Ridge / Hopewell 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 Forge Ridge / Hopewell are 5.8%, which is lower than one will find in 61.4% of American neighborhoods. Demand for real estate in Forge Ridge / Hopewell 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

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Modes of Transportation

While most Americans do drive to work alone each day, the Forge Ridge / Hopewell neighborhood stands out by having 90.9% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 97.3% of all American neighborhoods.

Real Estate

The real estate in this neighborhood consists of more mobile homes than 95.4% of all neighborhoods in America, with 31.1% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.

People

If you are planning to retire in Tennessee, this neighborhood should be on your must-see list. For many reasons, Forge Ridge / Hopewell 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 Tennessee, 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 95.1% of neighborhoods in TN. If a Tennessee retirement is in your future, this neighborhood should be one of the places you visit.

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 Forge Ridge / Hopewell neighborhood in Harrogate are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 91.9% of U.S. neighborhoods. With 20.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 69.6% 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 Forge Ridge / Hopewell neighborhood, 33.1% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 29.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (26.6%), and 8.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Forge Ridge / Hopewell neighborhood is English, spoken by 98.1% of households.

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 Forge Ridge / Hopewell neighborhood in Harrogate, TN, residents most commonly identify their ethnicity or ancestry as English (17.6%). There are also a number of people of Irish ancestry (15.4%), and residents who report German roots (8.5%), and some of the residents are also of Mexican ancestry (1.8%), along with some Scots-Irish ancestry residents (1.6%), 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 Forge Ridge / Hopewell neighborhood spend between 15 and 30 minutes commuting one-way to work (51.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (90.9%) 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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