Riverside Dr / Padenreich Ave median real estate price is $182,574, which is more expensive than 40.3% of the neighborhoods in Alabama and 18.3% of the neighborhoods in the U.S.
The average rental price in Riverside Dr / Padenreich Ave is currently $1,367, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 64.9% of Alabama neighborhoods.
Riverside Dr / Padenreich Ave is a rural neighborhood (based on population density) located in Gadsden, Alabama.
Riverside Dr / Padenreich Ave 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 owner occupied. Many of the residences in the Riverside Dr / Padenreich Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Riverside Dr / Padenreich Ave. The current real estate vacancy rate here is 22.1%. This is higher than the rate of vacancies in 89.2% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
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 Gadsden, the Riverside Dr / Padenreich Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Of note is NeighborhoodScout's research finding that the Riverside Dr / Padenreich Ave 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 Riverside Dr / Padenreich Ave community truly stands out from the rest in this regard.
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 Riverside Dr / Padenreich Ave neighborhood in Gadsden are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 90.3% of U.S. neighborhoods. 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 Riverside Dr / Padenreich Ave neighborhood, 35.9% 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 30.3% of the residents employed. Other residents here are employed in executive, management, and professional occupations (17.4%), and 16.5% in clerical, assistant, and tech support occupations.
The most common language spoken in the Riverside Dr / Padenreich Ave neighborhood is English, spoken by 94.3% of households. Some people also speak Spanish (5.7%).
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 Riverside Dr / Padenreich Ave neighborhood in Gadsden, AL, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (3.4%). There are also a number of people of African ancestry (3.4%), and residents who report German roots (2.8%), and some of the residents are also of English ancestry (2.6%), along with some Italian ancestry residents (1.4%), among others.
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 Riverside Dr / Padenreich Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (33.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (87.4%) 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 (12.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.