Shady Grove median real estate price is $279,463, which is more expensive than 73.0% of the neighborhoods in Arkansas and 35.7% of the neighborhoods in the U.S.
The average rental price in Shady Grove is currently $1,789, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 88.3% of the neighborhoods in Arkansas.
Shady Grove is a suburban neighborhood (based on population density) located in Springdale, Arkansas.
Shady Grove 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 Shady 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 Shady Grove are 5.6%, which is lower than one will find in 62.2% of American neighborhoods. Demand for real estate in Shady 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.
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.
Our research reveals that 89.9% of commuters who live in the Shady Grove neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 96.3% of U.S. neighborhoods.
Shady Grove is ranked among the top 7.2% of neighborhoods for first-time home buyers to consider in the state of Arkansas according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the Shady Grove neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers.
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 Shady Grove neighborhood in Springdale are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 52.8% of the neighborhoods in America. With 21.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 70.6% 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 Shady Grove neighborhood, 29.9% 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 29.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (26.2%), and 13.7% in clerical, assistant, and tech support occupations.
The most common language spoken in the Shady Grove neighborhood is English, spoken by 75.5% of households. Some people also speak Spanish (18.7%).
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 Shady Grove neighborhood in Springdale, AR, residents most commonly identify their ethnicity or ancestry as Mexican (21.9%). There are also a number of people of English ancestry (10.2%), and residents who report German roots (6.7%), and some of the residents are also of Asian ancestry (5.2%), along with some Polish ancestry residents (4.7%), among others. In addition, 10.8% of the residents of this neighborhood were born in another country.
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 Shady Grove neighborhood spend under 15 minutes commuting one-way to work (44.6% of working residents), one of the shortest commutes across America.
Here most residents (89.9%) 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 (6.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.