Anchor Mill / Elbethel median real estate price is $394,012, which is more expensive than 66.6% of the neighborhoods in Tennessee and 52.3% of the neighborhoods in the U.S.
The average rental price in Anchor Mill / Elbethel is currently $1,835, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 44.1% of Tennessee neighborhoods.
Anchor Mill / Elbethel is a rural neighborhood (based on population density) located in Shelbyville, Tennessee.
Anchor Mill / Elbethel 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 Anchor Mill / Elbethel neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.
In Anchor Mill / Elbethel, the current vacancy rate is 1.4%, which is a lower rate of vacancies than 89.3% of all neighborhoods in the U.S. This means that the housing supply in Anchor Mill / Elbethel is very tight compared to the demand for property here.
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 Shelbyville, the Anchor Mill / Elbethel neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Astoundingly, the Anchor Mill / Elbethel neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 96.0% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular Shelbyville neighborhood.
Did you know that the Anchor Mill / Elbethel neighborhood has more Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.9% of this neighborhood's residents have Arab ancestry.
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 Anchor Mill / Elbethel neighborhood in Shelbyville are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 91.1% of U.S. neighborhoods. With 37.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 87.8% 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 Anchor Mill / Elbethel neighborhood, 37.1% 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 28.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.1%), and 15.3% in executive, management, and professional occupations.
The most common language spoken in the Anchor Mill / Elbethel neighborhood is English, spoken by 86.1% of households. Some people also speak Spanish (12.3%).
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 Anchor Mill / Elbethel neighborhood in Shelbyville, TN, residents most commonly identify their ethnicity or ancestry as Mexican (20.1%). There are also a number of people of Irish ancestry (13.8%), and residents who report German roots (7.5%), and some of the residents are also of English ancestry (5.7%), along with some Arab ancestry residents (3.9%), among others. In addition, 11.7% 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 Anchor Mill / Elbethel neighborhood spend under 15 minutes commuting one-way to work (44.4% of working residents), one of the shortest commutes across America.
Here most residents (75.8%) 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 (14.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.