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Real Estate Prices & Overview

Rhodes View / Rhodes College median real estate price is $388,717, which is more expensive than 55.3% of the neighborhoods in Tennessee and 47.4% of the neighborhoods in the U.S.

The average rental price in Rhodes View / Rhodes College is currently $2,743, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 89.1% of the neighborhoods in Tennessee.

Rhodes View / Rhodes College is a suburban neighborhood (based on population density) located in Memphis, Tennessee.

Rhodes View / Rhodes College real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Rhodes View / Rhodes College 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.

Rhodes View / Rhodes College has a 13.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 74.8% 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

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.

People

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

In addition, neighborhoodScout's analysis shows that the Rhodes View / Rhodes College neighborhood has a greater concentration of residents currently enrolled in college than 99.1% of the neighborhoods in the U.S. With 45.0% of the population here attending college, this is very much a college-focused neighborhood.

Also, one of the really interesting characteristics about the Rhodes View / Rhodes College neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 3.6% of college-friendly places to live in the state of Tennessee. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for young, single professionals and highly educated executives.

Modes of Transportation

In the Rhodes View / Rhodes College neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 20.0% of residents here. This is a higher proportion of walking commuters than we found in 98.2% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Rhodes View / Rhodes College neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Rhodes View / Rhodes College neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 58.1% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 95.4% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Real Estate

If you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 61.0% of the residential real estate in the Rhodes View / Rhodes College neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 96.7% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Diversity

Did you know that the Rhodes View / Rhodes College neighborhood has more Yugoslav ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.3% of this neighborhood's residents have Yugoslav ancestry.

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 Rhodes View / Rhodes College neighborhood in Memphis are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 73.1% of the neighborhoods in America. 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.

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 Rhodes View / Rhodes College neighborhood, 59.8% 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 25.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (11.8%), and 3.6% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Rhodes View / Rhodes College neighborhood is English, spoken by 91.8% of households. Some people also speak Spanish (2.5%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Rhodes View / Rhodes College neighborhood in Memphis, TN, residents most commonly identify their ethnicity or ancestry as German (15.7%). There are also a number of people of English ancestry (14.2%), and residents who report Irish roots (7.8%), and some of the residents are also of Italian ancestry (3.6%), along with some Scottish ancestry residents (3.3%), among others.

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 Rhodes View / Rhodes College neighborhood spend under 15 minutes commuting one-way to work (58.1% of working residents), one of the shortest commutes across America.

Here most residents (59.5%) 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 (20.0%) . 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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