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 Prescott Rd / Winchester Rd neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Did you know that the Prescott Rd / Winchester Rd neighborhood has more
West Indian and African ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.8% of
this neighborhood's residents have West Indian ancestry and 12.9% have African ancestry.
Notable & Unique: Occupations
NeighborhoodScout's exclusive research identifies the Prescott Rd / Winchester Rd
neighborhood as having one of the highest concentrations of people employed
in manufacturing or as laborers of any neighborhood in America. In fact,
despite the loss of manufacturing jobs nationally, this neighborhood has
52.9% of its working residents employed in such fields, which is a
higher proportion than 99.7% of American neighborhoods.
Notable & Unique: People
The Prescott Rd / Winchester Rd neighborhood has a greater percentage
of children living in poverty (67.2%) than found in
97.4% 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.
In addition, single parenting is hard. But you don't have to tell the
Prescott Rd / Winchester Rd neighborhood about it; they already know. 19.3%
of this neighborhood's households are run by single mothers, which is a
higher concentration than NeighborhoodScout found in 95.5%
of American neighborhoods. Further NeighborhoodScout research showed strong
statistical correlations among high rates of children living in single
parent households, and neighborhood crime, particularly violent crime,
neighborhood poverty, and, importantly, the percentage of low weight births
and rates of infant mortality.
Notable & Unique: Real Estate
In addition, despite all of the residential real estate here in the Prescott Rd / Winchester Rd neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 49.4%, which is higher than 98.5% of all U.S. neighborhoods.
Furthermore, most neighborhoods are composed of a mixture of ages of homes, but the Prescott Rd / Winchester Rd stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 80.1% of the residential real estate here was built in this one time period.