What do we mean by a neighborhood?
Ä¢¹½ÊÓƵ® uses the official government designation for neighborhoods - the census tract.
Census tracts are small, relatively permanent subdivisions of a county that are defined by the U.S. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics (including economic status, lifestyle, and living conditions). Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us. Because census tracts are based on population, they vary in size depending on the density of settlement. In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas.
Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town. Then we named each census tract to the local colloquially recognized neighborhood name for that spot (e.g., Boston, MA (Dorchester). If there was not a name available, we named the census tract by the largest street intersection in the census tract (e.g., Worcester, MA (Lincoln St/Plantation St)
Why we don't use Zip Codes as neighborhoods
Zip codes were developed by the Postal Service for the purpose of delivering mail, but were never intended to define coherent neighborhoods. In addition, Zip Codes can have as many as 10 distinctly different census tracts contained within them. When distinct census tracts are blended together in a single Zip Code, the data reflects their average conditions and often gives a false sense of the area. The result is that potentially great matching neighborhoods can be missed, and erroneous matches can also be produced and delivered to you.
Using census tracts makes great matches possible, and helps people find the areas that are best for them and their families. Because we are committed to providing the highest possible quality and finding the neighborhoods that best meet your criteria, we use census tracts. And, as always, we show you the actual street map of the neighborhood so you know exactly where your best matching neighborhood is located.
What is a Condition Alert?
A condition alert is a condition in the neighborhood that triggers an alert. Ä¢¹½ÊÓƵ contains condition alerts to highlight conditions that are extreme, whether good or bad. This helps answer crucial questions about the state of the neighborhood being evaluated, such as:
What are the risks of violent crime here?
Is the risk of home break-ins or other property crimes increasing?
Does real estate here hold its value?
Are the trends in local vacancies or unemployment concerning?
...and dozens more.
Information at a glance that you need to know to invest, appraise or finance a property.
Carroll St / 1st Ave S median real estate price is $425,325, which is more expensive than 73.7% of the neighborhoods in Tennessee and 57.4% of the neighborhoods in the U.S.
The average rental price in Carroll St / 1st Ave S is currently $408, based on Ä¢¹½ÊÓƵ's exclusive analysis. Rents here are currently lower in price than 100.0% of Tennessee neighborhoods.
Carroll St / 1st Ave S is a densely urban neighborhood (based on population density) located in Nashville, Tennessee.
Carroll St / 1st Ave S 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 Carroll St / 1st Ave S neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Real estate vacancies in Carroll St / 1st Ave S are 5.5%, which is lower than one will find in 61.8% of American neighborhoods. Demand for real estate in Carroll St / 1st Ave S is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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 Nashville, the Carroll St / 1st Ave S neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
People
Ä¢¹½ÊÓƵ's exclusive research revealed that 100.0% of the adult residents in the Carroll St / 1st Ave S neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 100.0% of the neighborhoods in America.
In addition, single parenting is hard. But you don't have to tell the Carroll St / 1st Ave S neighborhood about it; they already know. 53.6% of this neighborhood's households are run by single mothers, which is a higher concentration than Ä¢¹½ÊÓƵ found in 100.0% of American neighborhoods. Further Ä¢¹½ÊÓƵ 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.
Also, one of the unique characteristics of the Carroll St / 1st Ave S neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 99.7% of the neighborhoods in America. Also of note, 95.3% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.
Modes of Transportation
Our research revealed that more commuters here take the bus to work (61.7% ride the bus) than 100.0% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.
Occupations
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Carroll St / 1st Ave S neighborhood, they truly stand out. Ä¢¹½ÊÓƵ's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 100.0% of all American neighborhoods.
Length of Commute
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Carroll St / 1st Ave S neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 20.9% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than Ä¢¹½ÊÓƵ found in 99.6% of all neighborhoods in America.
Car Ownership
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But Ä¢¹½ÊÓƵ's exclusive analysis shows that the Carroll St / 1st Ave S neighborhood has a highly unusual pattern of car ownership. 61.7% of the households in this neighborhood don't own a car at all. This is more carless households than Ä¢¹½ÊÓƵ found in 99.3% of U.S. neighborhoods.
Real Estate
Renter-occupied real estate is dominant in the Carroll St / 1st Ave S neighborhood. The percentage of rental real estate here, according to exclusive Ä¢¹½ÊÓƵ analysis, is 100.0%, which is higher than 99.3% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
In addition, one of the really unique and interesting things about the look and setting of the Carroll St / 1st Ave S neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 90.5% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 98.3% of all neighborhoods in America.
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. Ä¢¹½ÊÓƵ's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Carroll St / 1st Ave S neighborhood in Nashville are low income, making it among the lowest income neighborhoods in America. Ä¢¹½ÊÓƵ's research shows that this neighborhood has an income lower than 99.7% of U.S. neighborhoods. With 95.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.8% 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 Carroll St / 1st Ave S neighborhood, 79.1% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 20.9% of the residents employed.
Languages
The most common language spoken in the Carroll St / 1st Ave S neighborhood is English, spoken by 100.0% of households.
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 Carroll St / 1st Ave S neighborhood in Nashville, TN, residents most commonly identify their ethnicity or ancestry as Spanish (0.0%).
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 Carroll St / 1st Ave S neighborhood spend under 15 minutes commuting one-way to work (30.6% of working residents), one of the shortest commutes across America. However, there is also a significant group of residents (20.9%) who commute over an hour in each direction.
Here most residents (61.7%) ride the bus to get to work. In addition, quite a number also drive alone in a private automobile to get to work (28.6%) and 9.7% of residents also carpool with coworkers, friends, or neighbors for their daily commute. The bus provides a valuable service in the Carroll St / 1st Ave S neighborhood of Nashville by getting a lot of residents to and from work daily, reducing the costs of commuting and reducing some congestion on the roads as well.
SCOUT’s patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.
