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Real Estate Prices & Overview

Monterey / Pat median real estate price is $265,498, which is more expensive than 68.0% of the neighborhoods in Mississippi and 31.8% of the neighborhoods in the U.S.

The average rental price in Monterey / Pat is currently $1,433, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 49.9% of Mississippi neighborhoods.

Monterey / Pat is a rural neighborhood (based on population density) located in Florence, Mississippi.

Monterey / Pat real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Monterey / Pat neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Monterey / Pat has a 13.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 74.3% 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

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 Florence, the Monterey / Pat neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Monterey / Pat has the amazing distinction of housing more same sex couples living together than 98.2% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.

In addition, according to NeighborhoodScout's exclusive analysis, Monterey / Pat is among the best neighborhoods for families in Mississippi. In fact, this neighborhood is more family-friendly than 96.2% of neighborhoods in the entire state of Mississippi. 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 Monterey / Pat neighborhood.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Monterey / Pat neighborhood have a highly unusual car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 35.5% of the households here have four, five, or more cars. That is more cars per household than in 96.4% of the neighborhoods in the nation.

Modes of Transportation

In the Monterey / Pat neighborhood, 12.3% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 96.1% 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 Monterey / Pat neighborhood in Florence are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 72.4% of the neighborhoods in America. In addition, 4.4% 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 66.0% of America'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 Monterey / Pat neighborhood, 33.4% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 31.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (17.8%), and 17.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Monterey / Pat neighborhood is English, spoken by 88.5% of households. Some people also speak Spanish (10.6%).

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 Monterey / Pat neighborhood in Florence, MS, residents most commonly identify their ethnicity or ancestry as English (12.0%). There are also a number of people of Irish ancestry (8.5%), and residents who report German roots (5.8%), and some of the residents are also of Scots-Irish ancestry (2.5%), along with some Scottish ancestry residents (2.2%), 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 Monterey / Pat neighborhood spend between 30 and 45 minutes commuting one-way to work (57.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (75.0%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (12.3%) and 7.0% 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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