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Real Estate Prices & Overview

Anchor Mill / Elbethel median real estate price is $373,371, which is more expensive than 65.9% of the neighborhoods in Tennessee and 52.5% of the neighborhoods in the U.S.

The average rental price in Anchor Mill / Elbethel is currently $2,027, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.6% of the neighborhoods in Tennessee.

Anchor Mill / Elbethel is a rural neighborhood (based on population density) located in Shelbyville, Tennessee.

Anchor Mill / Elbethel 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 occupied by a mixture of owners and renters. Many of the residences in the Anchor Mill / Elbethel 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.

In Anchor Mill / Elbethel, the current vacancy rate is 2.4%, which is a lower rate of vacancies than 84.2% of all neighborhoods in the U.S. This means that the housing supply in Anchor Mill / Elbethel is very tight compared to the demand for property here.

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.

Modes of Transportation

In the Anchor Mill / Elbethel neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 23.6% of commuters carpool here, which is more than in 96.3% of all U.S. neighborhoods.

Diversity

Did you know that the Anchor Mill / Elbethel neighborhood has more Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.5% of this neighborhood's residents have Arab 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 Anchor Mill / Elbethel neighborhood in Shelbyville are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 85.6% of U.S. neighborhoods. With 32.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 83.7% 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 Anchor Mill / Elbethel neighborhood, 40.8% of the working population is employed in manufacturing and laborer 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 28.7% of the residents employed. Other residents here are employed in executive, management, and professional occupations (18.2%), and 12.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Anchor Mill / Elbethel neighborhood is English, spoken by 87.3% of households. Some people also speak Spanish (11.2%).

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 Anchor Mill / Elbethel neighborhood in Shelbyville, TN, residents most commonly identify their ethnicity or ancestry as Irish (15.0%). There are also a number of people of Mexican ancestry (10.1%), and residents who report German roots (7.0%), and some of the residents are also of English ancestry (6.7%), along with some Arab ancestry residents (4.5%), 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 Anchor Mill / Elbethel neighborhood spend under 15 minutes commuting one-way to work (38.9% of working residents), one of the shortest commutes across America.

Here most residents (71.9%) 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 (23.6%) . 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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