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Real Estate Prices & Overview

Pembrook / Bailey median real estate price is $636,948, which is more expensive than 93.1% of the neighborhoods in Tennessee and 79.3% of the neighborhoods in the U.S.

The average rental price in Pembrook / Bailey is currently $2,990, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.0% of the neighborhoods in Tennessee.

Pembrook / Bailey is a suburban neighborhood (based on population density) located in Collierville, Tennessee.

Pembrook / Bailey real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four 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 Pembrook / Bailey neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Real estate vacancies in Pembrook / Bailey are 3.0%, which is lower than one will find in 79.9% of American neighborhoods. Demand for real estate in Pembrook / Bailey 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

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

One way that the Pembrook / Bailey neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.2% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.

In addition, real estate in the Pembrook / Bailey neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 96.0% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood.

People

Priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Pembrook / Bailey neighborhood may actually hold the key. 71.1% of its residents are married, which is a higher percentage than is found in 97.1% of the neighborhoods in America.

In addition, according to NeighborhoodScout's exclusive analysis, Pembrook / Bailey is among the best neighborhoods for families in Tennessee. In fact, this neighborhood is more family-friendly than 96.8% of neighborhoods in the entire state of Tennessee. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Pembrook / Bailey neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for highly educated executives and urban sophisticates.

Diversity

Did you know that the Pembrook / Bailey neighborhood has more Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.9% of this neighborhood's residents have Scots-Irish ancestry.

Pembrook / Bailey is also pretty special linguistically. Significantly, 2.7% of its residents five years old and above primarily speak Vietnamese at home. While this may seem like a small percentage, it is higher than 96.0% of the neighborhoods in America.

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 Pembrook / Bailey neighborhood in Collierville are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 93.9% of the neighborhoods in America. In addition, 2.7% 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 72.6% 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 Pembrook / Bailey neighborhood, 61.2% 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 19.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.8%), and 8.7% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Pembrook / Bailey neighborhood is English, spoken by 87.9% of households. Other important languages spoken here include Langs. of India and Vietnamese.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Pembrook / Bailey neighborhood in Collierville, TN, residents most commonly identify their ethnicity or ancestry as English (19.4%). There are also a number of people of Irish ancestry (13.7%), and residents who report Asian roots (11.9%), and some of the residents are also of German ancestry (9.5%), along with some Scots-Irish ancestry residents (6.9%), among others. In addition, 10.7% of the residents of this neighborhood were born in another country.

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 Pembrook / Bailey neighborhood spend under 15 minutes commuting one-way to work (32.4% of working residents), one of the shortest commutes across America.

Here most residents (68.3%) 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 (15.0%) . 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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Crime includes:
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Schools include:
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