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Real Estate Prices & Overview

Valley Mills East median real estate price is $254,718, which is more expensive than 53.8% of the neighborhoods in Indiana and 29.4% of the neighborhoods in the U.S.

The average rental price in Valley Mills East is currently $1,773, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 73.8% of the neighborhoods in Indiana.

Valley Mills East is a rural neighborhood (based on population density) located in Indianapolis, Indiana.

Valley Mills East 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 owner occupied. Many of the residences in the Valley Mills East neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 6.7% in Valley Mills East. NeighborhoodScout analysis shows that this rate is lower than 53.3% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Modes of Transportation

In the Valley Mills East neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 33.6% of commuters carpool here, which is more than in 99.3% of all U.S. neighborhoods.

Occupations

More people work in manufacturing and as laborers here in the Valley Mills East neighborhood than in 99.2% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Valley Mills East neighborhood has a highly unusual pattern of car ownership. 33.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.5% of U.S. neighborhoods.

People

Divorcees may find friendship and understanding in this neighborhood, as 19.8% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 95.4% of the neighborhoods in America.

Diversity

Did you know that the Valley Mills East neighborhood has more Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.7% of this neighborhood's residents have Haitian ancestry.

Valley Mills East is also pretty special linguistically. Significantly, 3.3% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 95.5% 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 Valley Mills East neighborhood in Indianapolis are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 89.9% of U.S. neighborhoods. With 51.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 94.6% 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 Valley Mills East neighborhood, 51.1% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 23.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (13.1%), and 12.7% 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 Valley Mills East neighborhood is English, spoken by 91.4% of households. Other important languages spoken here include Spanish and French.

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 Valley Mills East neighborhood in Indianapolis, IN, residents most commonly identify their ethnicity or ancestry as English (15.8%). There are also a number of people of Irish ancestry (13.8%), and residents who report German roots (10.5%), and some of the residents are also of Haitian ancestry (6.7%), along with some Puerto Rican ancestry residents (4.0%), among others.

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 Valley Mills East neighborhood spend between 30 and 45 minutes commuting one-way to work (50.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (62.2%) 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 (33.6%) . 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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