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Real Estate Prices & Overview

S Lamar Blvd / Belk Dr median real estate price is $445,148, which is more expensive than 95.7% of the neighborhoods in Mississippi and 59.4% of the neighborhoods in the U.S.

The average rental price in S Lamar Blvd / Belk Dr is currently $1,985, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 88.9% of the neighborhoods in Mississippi.

S Lamar Blvd / Belk Dr is a suburban neighborhood (based on population density) located in Oxford, Mississippi.

S Lamar Blvd / Belk Dr 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 S Lamar Blvd / Belk Dr neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in S Lamar Blvd / Belk Dr. The current real estate vacancy rate here is 52.4%. This is higher than the rate of vacancies in 98.9% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (28.6%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, 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.

Real Estate

Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 52.4% of the residential real estate vacant, the S Lamar Blvd / Belk Dr neighborhood claims the distinction of having a higher vacancy rate than 98.9% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

People

NeighborhoodScout's analysis shows that the S Lamar Blvd / Belk Dr neighborhood has a greater concentration of residents currently enrolled in college than 97.8% of the neighborhoods in the U.S. With 20.0% of the population here attending college, this is very much a college-focused neighborhood.

In addition, the S Lamar Blvd / Belk Dr neighborhood has a greater percentage of children living in poverty (60.4%) than found in 97.1% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

Modes of Transportation

Our research reveals that 89.3% of commuters who live in the S Lamar Blvd / Belk Dr neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 96.5% of U.S. neighborhoods.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the S Lamar Blvd / Belk Dr neighborhood. In the S Lamar Blvd / Belk Dr neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.7% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

Diversity

Did you know that the S Lamar Blvd / Belk Dr neighborhood has more Finnish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.1% of this neighborhood's residents have Finnish ancestry.

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 S Lamar Blvd / Belk Dr neighborhood in Oxford are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 68.8% of U.S. neighborhoods. With 60.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.1% 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 S Lamar Blvd / Belk Dr neighborhood, 38.7% of the working population is employed in executive, management, and professional 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 30.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (23.8%), and 6.9% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the S Lamar Blvd / Belk Dr neighborhood is English, spoken by 97.2% 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 S Lamar Blvd / Belk Dr neighborhood in Oxford, MS, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (9.2%). There are also a number of people of English ancestry (7.8%), and residents who report Irish roots (7.2%), and some of the residents are also of German ancestry (5.4%), along with some Finnish ancestry residents (2.1%), among others.

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 S Lamar Blvd / Belk Dr neighborhood spend under 15 minutes commuting one-way to work (42.9% of working residents), one of the shortest commutes across America.

Here most residents (89.3%) drive alone in a private automobile to get to work. 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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