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Real Estate Prices & Overview

Mount Vernon Park / Pettit-Rudisill median real estate price is $96,131, which is less expensive than 89.3% of Indiana neighborhoods and 94.4% of all U.S. neighborhoods.

The average rental price in Mount Vernon Park / Pettit-Rudisill is currently $1,319, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 60.8% of Indiana neighborhoods.

Mount Vernon Park / Pettit-Rudisill is an urban neighborhood (based on population density) located in Fort Wayne, Indiana.

Mount Vernon Park / Pettit-Rudisill real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Mount Vernon Park / Pettit-Rudisill neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Mount Vernon Park / Pettit-Rudisill has a 13.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 73.6% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are 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.

Occupations

More people work in manufacturing and as laborers here in the Mount Vernon Park / Pettit-Rudisill neighborhood than in 99.9% 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.

People

NeighborhoodScout's exclusive research revealed that 95.3% of the adult residents in the Mount Vernon Park / Pettit-Rudisill neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 97.4% of the neighborhoods in America.

In addition, the Mount Vernon Park / Pettit-Rudisill neighborhood stands out for having an average per capita income lower than 96.2% of the neighborhoods in the United States. The Mount Vernon Park / Pettit-Rudisill neighborhood also has a greater percentage of children living in poverty (57.2%) than found in 96.2% 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.

Diversity

Did you know that the Mount Vernon Park / Pettit-Rudisill neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 24.5% of this neighborhood's residents have Asian ancestry.

Mount Vernon Park / Pettit-Rudisill is also pretty special linguistically. Significantly, 3.4% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 95.3% of the neighborhoods in America.

The Neighbors

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 Mount Vernon Park / Pettit-Rudisill neighborhood in Fort Wayne are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 96.2% of U.S. neighborhoods. With 57.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 96.2% 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 Mount Vernon Park / Pettit-Rudisill neighborhood, 63.4% 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 14.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.1%), and 9.9% in executive, management, and professional 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 Mount Vernon Park / Pettit-Rudisill neighborhood is English, spoken by 64.2% of households. Other important languages spoken here include Spanish and Langs. of India.

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 Mount Vernon Park / Pettit-Rudisill neighborhood in Fort Wayne, IN, residents most commonly identify their ethnicity or ancestry as Asian (24.5%). There are also a number of people of Mexican ancestry (15.5%), and residents who report Sub-Saharan African roots (6.7%), and some of the residents are also of African ancestry (3.5%), along with some Puerto Rican ancestry residents (2.5%), among others. In addition, 22.6% of the residents of this neighborhood were born in another country.

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 Mount Vernon Park / Pettit-Rudisill neighborhood spend between 15 and 30 minutes commuting one-way to work (49.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (84.9%) 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 (11.6%) . 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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