Gaston Park median real estate price is $118,320, which is less expensive than 93.7% of Tennessee neighborhoods and 92.9% of all U.S. neighborhoods.
The average rental price in Gaston Park is currently $1,192, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 92.0% of Tennessee neighborhoods.
Gaston Park is a suburban neighborhood (based on population density) located in Memphis, Tennessee.
Gaston Park real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Gaston Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Gaston Park. The current real estate vacancy rate here is 19.9%. This is higher than the rate of vacancies in 86.7% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
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 Memphis, the Gaston Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
One of the unique characteristics of the Gaston Park neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 99.9% of the neighborhoods in America. Also of note, 77.3% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.
In addition, whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Gaston Park neighborhood has more single mother households than 95.9% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.
While most Americans do drive to work alone each day, the Gaston Park neighborhood stands out by having 94.1% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 99.2% of all American neighborhoods.
90.6% of the real estate in the Gaston Park neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Gaston Park neighborhood. More residents of the Gaston Park neighborhood live here today that also were living in this same neighborhood five years ago than is found in 97.6% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.
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 Gaston Park neighborhood in Memphis are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.9% of U.S. neighborhoods. With 77.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.2% 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 Gaston Park neighborhood, 36.2% 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 34.7% of the residents employed. Other residents here are employed in executive, management, and professional occupations (18.3%), and 10.8% in clerical, assistant, and tech support occupations.
The most common language spoken in the Gaston Park neighborhood is English, spoken by 95.3% of households. Some people also speak Spanish (4.7%).
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 Gaston Park neighborhood in Memphis, TN, residents most commonly identify their ethnicity or ancestry as Spanish (0.0%).
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 Gaston Park neighborhood spend between 15 and 30 minutes commuting one-way to work (68.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (94.1%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (5.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.