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Real Estate Prices & Overview

Tuskegee Institute North median real estate price is $116,827, which is less expensive than 81.7% of Alabama neighborhoods and 93.6% of all U.S. neighborhoods.

The average rental price in Tuskegee Institute North is currently $1,094, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 78.4% of Alabama neighborhoods.

Tuskegee Institute North is a rural neighborhood (based on population density) located in Tuskegee, Alabama.

Tuskegee Institute North 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 Tuskegee Institute North 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 Tuskegee Institute North. The current real estate vacancy rate here is 41.2%. This is higher than the rate of vacancies in 98.0% 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

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 Tuskegee, the Tuskegee Institute North neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Tuskegee Institute North neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 23.7% of its workforce, this neighborhood has a greater concentration of government workers than 99.6% of U.S. neighborhoods.

People

Single parenting is hard. But you don't have to tell the Tuskegee Institute North neighborhood about it; they already know. 29.4% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 99.4% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

In addition, for many reasons, Tuskegee Institute North is rated by NeighborhoodScout as one of the top 3.1% of ideal neighborhoods for first-time home buyers in the state of Alabama. Homes here are priced below median housing values in the state, yet the neighborhood has a track record according to NeighborhoodScout's exclusive neighborhood home appreciation rates of above average real estate appreciation over the last five years compared to other AL neighborhoods, protecting your investment in your first home, while simultaneously making it less risky for your lender. Not only does this neighborhood stand out for combining price and home value stability or increases, it also is a neighborhood with a high quality resident population according exclusive data, meaning this is likely a good place to buy, live, and enjoy. While many first time home buyers focus purely on low cost and convenient location, which can risk your investment in your first home and put you in a less than desirable neighborhood, this neighborhood is a true standout for a lot of reasons, and definitely worth a look if you are a first time home buyer.

Also, one of the unique characteristics of the Tuskegee Institute North neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 95.7% of the neighborhoods in America.

Real Estate

Despite all of the residential real estate here in the Tuskegee Institute North 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 41.2%, which is higher than 98.0% of all U.S. neighborhoods.

Modes of Transportation

Our research shows that more people carpool to work here in the Tuskegee Institute North (23.0%) than in 95.3% of the neighborhoods in America.

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 Tuskegee Institute North neighborhood in Tuskegee are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.7% of U.S. neighborhoods. With 49.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 93.9% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Tuskegee Institute North neighborhood, 33.8% 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 27.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (27.8%), and 23.7% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Tuskegee Institute North neighborhood is English, spoken by 97.4% of households.

Ethnicity / Ancestry

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 Tuskegee Institute North neighborhood in Tuskegee, AL, residents most commonly identify their ethnicity or ancestry as Asian (2.1%). There are also a number of people of Sub-Saharan African ancestry (1.6%), and residents who report African 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 Tuskegee Institute North neighborhood spend between 15 and 30 minutes commuting one-way to work (39.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (69.0%) 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 (23.0%) . 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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