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Real Estate Prices & Overview

Imogene Heights / Fairhills median real estate price is $81,370, which is less expensive than 97.6% of Tennessee neighborhoods and 96.9% of all U.S. neighborhoods.

The average rental price in Imogene Heights / Fairhills is currently $1,325, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 78.9% of Tennessee neighborhoods.

Imogene Heights / Fairhills is a suburban neighborhood (based on population density) located in Memphis, Tennessee.

Imogene Heights / Fairhills real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Imogene Heights / Fairhills neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in Imogene Heights / Fairhills. The current real estate vacancy rate here is 36.5%. This is higher than the rate of vacancies in 96.8% 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

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.

Real Estate

Most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Imogene Heights / Fairhills neighborhood, is that an incredible 85.7% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.

In addition, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 36.5% of the residential real estate vacant, the Imogene Heights / Fairhills neighborhood claims the distinction of having a higher vacancy rate than 96.8% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

People

The Imogene Heights / Fairhills neighborhood stands out for having an average per capita income lower than 98.7% of the neighborhoods in the United States.

In addition, the Imogene Heights / Fairhills neighborhood is unique for having just 3.8% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 98.0% of America's neighborhoods.

Diversity

Did you know that the Imogene Heights / Fairhills neighborhood has more African and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 14.6% of this neighborhood's residents have African ancestry and 14.6% have Sub-Saharan African ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Imogene Heights / Fairhills neighborhood in Memphis are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 98.7% of U.S. neighborhoods. With 40.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 89.1% of U.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 Imogene Heights / Fairhills neighborhood, 31.8% 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 26.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (26.2%), and 15.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Imogene Heights / Fairhills neighborhood is English, spoken by 89.2% of households. Some people also speak Spanish (10.6%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Imogene Heights / Fairhills neighborhood in Memphis, TN, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (14.6%). There are also a number of people of African ancestry (14.6%), and residents who report Mexican roots (3.8%). In addition, 11.0% of the residents of this neighborhood were born in another country.

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 Imogene Heights / Fairhills neighborhood spend between 15 and 30 minutes commuting one-way to work (52.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (77.1%) 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 (14.6%) . 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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