Murphy Park median real estate price is $251,351, which is more expensive than 65.0% of the neighborhoods in Arkansas and 29.1% of the neighborhoods in the U.S.
The average rental price in Murphy Park is currently $1,411, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 72.8% of the neighborhoods in Arkansas.
Murphy Park is a suburban neighborhood (based on population density) located in Springdale, Arkansas.
Murphy Park real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Murphy Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Murphy Park are 5.0%, which is lower than one will find in 65.5% of American neighborhoods. Demand for real estate in Murphy Park 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.
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.
More people work in manufacturing and as laborers here in the Murphy Park neighborhood than in 96.9% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.
Would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Murphy Park neighborhood is a fantastic option for bicycle commuters, as 2.9% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 95.7% of the neighborhoods in America.
According to NeighborhoodScout's research, Murphy Park is better suited for first-time home buyers than 85.8% of neighborhoods in the state. Most homes here are priced below the state's median house value, yet maintain comparably good appreciation rates over the last decade relative to other neighborhoods in Arkansas. Along with an exclusive multi-metric measure of neighborhood quality developed by NeighborhoodScout that scores high here in this neighborhood, this means that buying into the neighborhood is not only an accessible option but considered a decent first time home buyer choice for building equity in your first home, while being in a quality neighborhood
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 Murphy Park neighborhood in Springdale are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 65.2% of U.S. neighborhoods. With 16.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 63.9% 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 Murphy Park neighborhood, 44.2% 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 20.1% of the residents employed. Other residents here are employed in executive, management, and professional occupations (18.4%), and 17.4% in clerical, assistant, and tech support occupations.
The most common language spoken in the Murphy Park neighborhood is English, spoken by 57.9% of households. Some people also speak Spanish (33.3%).
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 Murphy Park neighborhood in Springdale, AR, residents most commonly identify their ethnicity or ancestry as Mexican (33.5%). There are also a number of people of German ancestry (4.5%), and residents who report Irish roots (4.3%), and some of the residents are also of Italian ancestry (3.9%), along with some English ancestry residents (3.7%), among others. In addition, 24.0% of the residents of this neighborhood were born in another country.
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 Murphy Park neighborhood spend under 15 minutes commuting one-way to work (43.0% of working residents), one of the shortest commutes across America.
Here most residents (71.0%) 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 (18.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.