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Real Estate Prices & Overview

Cherry Valley Park median real estate price is $159,902, which is more expensive than 47.9% of the neighborhoods in Mississippi and 15.1% of the neighborhoods in the U.S.

The average rental price in Cherry Valley Park is currently $1,765, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 78.2% of the neighborhoods in Mississippi.

Cherry Valley Park is a suburban neighborhood (based on population density) located in Southaven, Mississippi.

Cherry Valley Park 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 Cherry Valley Park neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Home and apartment vacancy rates are 9.5% in Cherry Valley Park. NeighborhoodScout analysis shows that this rate is lower than 40.8% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 Southaven, the Cherry Valley Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Divorcees may find friendship and understanding in this neighborhood, as 21.8% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 97.5% of the neighborhoods in America.

In addition, the Cherry Valley Park neighborhood is unique for having just 6.6% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 95.6% of America's neighborhoods.

Occupations

More people work in manufacturing and as laborers here in the Cherry Valley Park neighborhood than in 95.2% 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.

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 Cherry Valley Park neighborhood in Southaven are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 69.6% of U.S. neighborhoods. With 12.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 54.0% of U.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 Cherry Valley Park neighborhood, 41.9% 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 29.1% of the residents employed. Other residents here are employed in executive, management, and professional occupations (16.3%), and 12.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Cherry Valley Park neighborhood is English, spoken by 98.7% of households. Some people also speak Italian (5.2%).

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 Cherry Valley Park neighborhood in Southaven, MS, residents most commonly identify their ethnicity or ancestry as English (4.3%). There are also a number of people of Irish ancestry (2.6%), and residents who report Italian roots (2.2%), and some of the residents are also of German ancestry (1.8%), along with some Scots-Irish ancestry residents (1.3%), among others.

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 Cherry Valley Park neighborhood spend between 15 and 30 minutes commuting one-way to work (53.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (86.9%) 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 (8.9%) . 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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