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Real Estate Prices & Overview

Ridgeway Blvd / Hickory Ridge Mall median real estate price is $203,012, which is less expensive than 76.3% of Tennessee neighborhoods and 78.5% of all U.S. neighborhoods.

The average rental price in Ridgeway Blvd / Hickory Ridge Mall is currently $1,723, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 52.2% of Tennessee neighborhoods.

Ridgeway Blvd / Hickory Ridge Mall is an urban neighborhood (based on population density) located in Memphis, Tennessee.

Ridgeway Blvd / Hickory Ridge Mall real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Ridgeway Blvd / Hickory Ridge Mall neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Ridgeway Blvd / Hickory Ridge Mall. The current real estate vacancy rate here is 21.9%. This is higher than the rate of vacancies in 89.0% 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.

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.

People

Of note, 82.9% 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, the types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 63.4%. This is a higher percent living alone than we found in 99.3% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.

Modes of Transportation

While most Americans do drive to work alone each day, the Ridgeway Blvd / Hickory Ridge Mall neighborhood stands out by having 93.8% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 99.1% of all American neighborhoods.

Occupations

NeighborhoodScout's exclusive research identifies the Ridgeway Blvd / Hickory Ridge Mall neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 48.1% of its working residents employed in such fields, which is a higher proportion than 98.4% of American neighborhoods.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the Ridgeway Blvd / Hickory Ridge Mall stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 81.4% of the residential real estate here was built in this one time period.

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 Ridgeway Blvd / Hickory Ridge Mall 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 92.3% of U.S. neighborhoods. With 82.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.5% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Ridgeway Blvd / Hickory Ridge Mall neighborhood, 48.1% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 27.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (14.9%), and 9.5% in executive, management, and professional occupations.

Languages

The most common language spoken in the Ridgeway Blvd / Hickory Ridge Mall neighborhood is English, spoken by 97.4% of households. Some people also speak Spanish (2.6%).

Ethnicity / Ancestry

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 Ridgeway Blvd / Hickory Ridge Mall neighborhood in Memphis, TN, residents most commonly identify their ethnicity or ancestry as Mexican (1.7%). There are also a number of people of German ancestry (1.6%), and residents who report Irish roots (1.6%).

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 Ridgeway Blvd / Hickory Ridge Mall neighborhood spend between 15 and 30 minutes commuting one-way to work (63.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (93.8%) drive alone in a private automobile to get to work. 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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