Riverfront / Capitol Park median real estate price is $409,751, which is more expensive than 79.7% of the neighborhoods in Alabama and 51.6% of the neighborhoods in the U.S.
The average rental price in Riverfront / Capitol Park is currently $1,833, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 80.9% of the neighborhoods in Alabama.
Riverfront / Capitol Park is a suburban neighborhood (based on population density) located in Tuscaloosa, Alabama.
Riverfront / Capitol 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 occupied by a mixture of owners and renters. Many of the residences in the Riverfront / Capitol Park neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Riverfront / Capitol Park. The current real estate vacancy rate here is 33.2%. This is higher than the rate of vacancies in 96.5% 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 Tuscaloosa, the Riverfront / Capitol Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
An interesting characteristic about the Riverfront / Capitol Park neighborhood is that there are more incarcerated people living here than 99.0% of neighborhoods in the U.S. The United States has the highest rate of incarceration in the world, currently with 1 out of every 100 adults in the country are incarcerated as a punishment for crimes committed. The extremely high incarceration rate of this neighborhood could mean that a prison, juvenile detention facility or other correctional facility occupies a large proportion of the neighborhood, or contains a large portion of the neighborhood's population.
In addition, an extraordinary 18.8% of the residents of the Riverfront / Capitol Park neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.
Also, with a nice mix of college students, safety from crime, and decent walkability, the Riverfront / Capitol Park neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 86.9% of the neighborhoods in AL. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.
Despite all of the residential real estate here in the Riverfront / Capitol Park neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 33.2%, which is higher than 96.5% of all U.S. neighborhoods.
In the Riverfront / Capitol Park neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 10.2% of residents here. This is a higher proportion of walking commuters than we found in 95.0% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Did you know that the Riverfront / Capitol Park neighborhood has more Scottish and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.3% of this neighborhood's residents have Scottish ancestry and 9.5% have Puerto Rican ancestry.
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 Riverfront / Capitol Park neighborhood in Tuscaloosa are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 93.7% of U.S. neighborhoods. In addition, 9.4% 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 51.0% 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 Riverfront / Capitol Park neighborhood, 35.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 24.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.5%), and 18.7% in manufacturing and laborer occupations.
The most common language spoken in the Riverfront / Capitol Park neighborhood is English, spoken by 96.1% of households. Some people also speak Spanish (3.1%).
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Riverfront / Capitol Park neighborhood in Tuscaloosa, AL, residents most commonly identify their ethnicity or ancestry as Scottish (10.3%). There are also a number of people of Puerto Rican ancestry (9.5%), and residents who report English roots (9.2%), and some of the residents are also of German ancestry (6.3%), along with some Irish ancestry residents (3.9%), among others.
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 Riverfront / Capitol Park neighborhood spend under 15 minutes commuting one-way to work (54.6% of working residents), one of the shortest commutes across America.
Here most residents (50.8%) 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 (17.5%) and 10.2% of residents also hop out the door and walk to work 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.