Putnam Addition / University of Arkansas median real estate price is $410,517, which is more expensive than 90.8% of the neighborhoods in Arkansas and 54.6% of the neighborhoods in the U.S.
The average rental price in Putnam Addition / University of Arkansas is currently $1,871, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 90.5% of the neighborhoods in Arkansas.
Putnam Addition / University of Arkansas is an urban neighborhood (based on population density) located in Fayetteville, Arkansas.
Putnam Addition / University of Arkansas real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Putnam Addition / University of Arkansas neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Putnam Addition / University of Arkansas. The current real estate vacancy rate here is 18.0%. This is higher than the rate of vacancies in 85.6% 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 Fayetteville, the Putnam Addition / University of Arkansas neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
One of the really interesting characteristics about the Putnam Addition / University of Arkansas neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 0.1% of college-friendly places to live in the state of Arkansas.
In addition, neighborhoodScout's analysis shows that the Putnam Addition / University of Arkansas neighborhood has a greater concentration of residents currently enrolled in college than 99.8% of the neighborhoods in the U.S. With 87.4% of the population here attending college, this is very much a college-focused neighborhood.
Also, one of the unique characteristics of the Putnam Addition / University of Arkansas neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 98.3% of the neighborhoods in America.
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Putnam Addition / University of Arkansas neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 99.4% of all American neighborhoods.
American households most often have a car, and regularly they have two or three. But households in the Putnam Addition / University of Arkansas neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 44.7% of the households here have four, five, or more cars. That is more cars per household than in 99.1% of the neighborhoods in the nation.
97.0% of the real estate in the Putnam Addition / University of Arkansas neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
In the Putnam Addition / University of Arkansas 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 19.0% of residents here. This is a higher proportion of walking commuters than we found in 98.1% of American neighborhoods. Get ready to put on your walking shoes if you move here!
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 Putnam Addition / University of Arkansas neighborhood. In the Putnam Addition / University of Arkansas neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.4% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Did you know that the Putnam Addition / University of Arkansas neighborhood has more Native American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.4% of this neighborhood's residents have Native American 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 Putnam Addition / University of Arkansas neighborhood in Fayetteville are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 98.3% of U.S. neighborhoods. With 51.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 94.7% 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 Putnam Addition / University of Arkansas neighborhood, 48.6% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 28.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (12.9%), and 9.6% in clerical, assistant, and tech support occupations.
The most common language spoken in the Putnam Addition / University of Arkansas neighborhood is English, spoken by 98.8% of households.
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 Putnam Addition / University of Arkansas neighborhood in Fayetteville, AR, residents most commonly identify their ethnicity or ancestry as Asian (5.8%). There are also a number of people of English ancestry (5.5%), and residents who report Irish roots (3.6%), and some of the residents are also of German ancestry (2.8%), along with some Native American ancestry residents (2.4%), 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 Putnam Addition / University of Arkansas neighborhood spend under 15 minutes commuting one-way to work (55.2% of working residents), one of the shortest commutes across America.
Here most residents (48.8%) 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 (19.0%) and 8.2% of residents also carpool with coworkers, friends, or neighbors 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.