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Real Estate Prices & Overview

Lauderdale Courts / Winchester Park median real estate price is $105,126, which is less expensive than 94.8% of Tennessee neighborhoods and 94.2% of all U.S. neighborhoods.

The average rental price in Lauderdale Courts / Winchester Park is currently $1,632, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 54.8% of Tennessee neighborhoods.

Lauderdale Courts / Winchester Park is a suburban neighborhood (based on population density) located in Memphis, Tennessee.

Lauderdale Courts / Winchester Park real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Lauderdale Courts / Winchester Park neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Lauderdale Courts / Winchester Park has a 15.6% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 79.4% 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

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 Memphis, the Lauderdale Courts / Winchester Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

One of the most interesting things about the Lauderdale Courts / Winchester Park neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 64.6% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 99.4% of the neighborhoods in America.

In addition, one of the unique characteristics of the Lauderdale Courts / Winchester Park neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 97.8% of the neighborhoods in America. The Lauderdale Courts / Winchester Park neighborhood also has a greater percentage of children living in poverty (61.8%) than found in 97.2% 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.

Modes of Transportation

More people in Lauderdale Courts / Winchester Park choose to walk to work each day (13.5%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Diversity

Did you know that the Lauderdale Courts / Winchester Park neighborhood has more African and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 15.4% of this neighborhood's residents have African ancestry and 16.7% have Sub-Saharan African ancestry.

Lauderdale Courts / Winchester Park is also pretty special linguistically. Significantly, 0.8% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 96.4% 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 Lauderdale Courts / Winchester Park 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 97.8% of U.S. neighborhoods. With 61.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.2% 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 Lauderdale Courts / Winchester Park neighborhood, 36.2% of the working population is employed in executive, management, and professional 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 26.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.2%), and 16.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Lauderdale Courts / Winchester Park neighborhood is English, spoken by 89.9% of households. Some people also speak Chinese (4.5%).

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 Lauderdale Courts / Winchester Park neighborhood in Memphis, TN, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (16.7%). There are also a number of people of African ancestry (15.4%), and residents who report Asian roots (6.8%), and some of the residents are also of English ancestry (2.8%), along with some Puerto Rican ancestry residents (2.1%), 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 Lauderdale Courts / Winchester Park neighborhood spend between 15 and 30 minutes commuting one-way to work (37.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (75.2%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (13.5%) . 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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