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Real Estate Prices & Overview

New Prospect / Oak Grove median real estate price is $267,814, which is more expensive than 66.9% of the neighborhoods in Alabama and 33.9% of the neighborhoods in the U.S.

The average rental price in New Prospect / Oak Grove is currently $1,557, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 43.8% of Alabama neighborhoods.

New Prospect / Oak Grove is a remote neighborhood (based on population density) located in Prattville, Alabama.

New Prospect / Oak Grove real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the New Prospect / Oak Grove neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Real estate vacancies in New Prospect / Oak Grove are 4.9%, which is lower than one will find in 67.3% of American neighborhoods. Demand for real estate in New Prospect / Oak Grove is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

In a nation where 1 out of every 4 children lives in poverty, the New Prospect / Oak Grove neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

Modes of Transportation

Our research reveals that 90.0% of commuters who live in the New Prospect / Oak Grove neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 96.4% of U.S. neighborhoods.

Real Estate

The real estate in this neighborhood consists of more mobile homes than 95.2% of all neighborhoods in America, with 30.6% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.

In addition, uncrowded roads, rural America and space to be the individual you are. If you like these characteristics, this neighborhood may fit you. With just 43 residents per square mile, New Prospect / Oak Grove is less crowded than 90.5% of all U.S. neighborhoods.

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 New Prospect / Oak Grove neighborhood in Prattville are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 67.4% of U.S. neighborhoods. In addition, 0.0% 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 100.0% of America'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 New Prospect / Oak Grove neighborhood, 40.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 25.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.1%), and 13.9% in clerical, assistant, and tech support 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 New Prospect / Oak Grove neighborhood is English, spoken by 99.0% of households. Other important languages spoken here include Italian and Polish.

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 New Prospect / Oak Grove neighborhood in Prattville, AL, residents most commonly identify their ethnicity or ancestry as Irish (8.6%). There are also a number of people of English ancestry (6.2%), and residents who report German roots (5.9%), and some of the residents are also of Scottish ancestry (2.1%), along with some French ancestry residents (1.8%), 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 New Prospect / Oak Grove neighborhood spend between 15 and 30 minutes commuting one-way to work (33.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (90.0%) 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 (9.1%) . 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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