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Real Estate Prices & Overview

University of Louisiana at Monroe median real estate price is $242,458, which is more expensive than 59.3% of the neighborhoods in Louisiana and 27.2% of the neighborhoods in the U.S.

The average rental price in University of Louisiana at Monroe is currently $1,406, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 43.9% of Louisiana neighborhoods.

University of Louisiana at Monroe is a suburban neighborhood (based on population density) located in Monroe, Louisiana.

University of Louisiana at Monroe real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the University of Louisiana at Monroe 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 University of Louisiana at Monroe. The current real estate vacancy rate here is 21.2%. This is higher than the rate of vacancies in 89.0% 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.

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

One of the unique characteristics of the University of Louisiana at Monroe neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 99.3% of the neighborhoods in America. Also of note, 65.7% 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.

In addition, neighborhoodScout's analysis shows that the University of Louisiana at Monroe neighborhood has a greater concentration of residents currently enrolled in college than 99.0% of the neighborhoods in the U.S. With 40.6% of the population here attending college, this is very much a college-focused neighborhood.

Also, with a nice mix of college students, safety from crime, and decent walkability, the University of Louisiana at Monroe neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 89.0% of the neighborhoods in LA. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Modes of Transportation

More people in University of Louisiana at Monroe choose to walk to work each day (17.6%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Occupations

The University of Louisiana at Monroe neighborhood stands out nationally for having a greater proportion of its residents active in the military than 97.5% of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.

Real Estate

87.2% of the real estate in the University of Louisiana at Monroe neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the University of Louisiana at Monroe neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 59.4% 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 95.8% of U.S. neighborhoods. Less time commuting means more time for other things in life.

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 University of Louisiana at Monroe neighborhood in Monroe are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.3% of U.S. neighborhoods. With 65.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.0% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the University of Louisiana at Monroe neighborhood, 35.0% 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 executive, management, and professional occupations, with 27.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (23.0%), and 14.5% in manufacturing and laborer occupations.

Languages

The most common language spoken in the University of Louisiana at Monroe neighborhood is English, spoken by 95.5% of households.

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 University of Louisiana at Monroe neighborhood in Monroe, LA, residents most commonly identify their ethnicity or ancestry as English (6.3%). There are also a number of people of Irish ancestry (6.0%), and residents who report Asian roots (4.3%), and some of the residents are also of Jamaican ancestry (2.4%), along with some Scottish ancestry residents (2.1%), 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 University of Louisiana at Monroe neighborhood spend under 15 minutes commuting one-way to work (59.4% of working residents), one of the shortest commutes across America.

Here most residents (57.3%) 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 (17.6%) and 5.8% of residents also carpool with coworkers, friends, or neighbors for their daily commute. 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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