South Riverfront median real estate price is $56,560, which is less expensive than 96.5% of Louisiana neighborhoods and 98.7% of all U.S. neighborhoods.
The average rental price in South Riverfront is currently $943, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 93.5% of Louisiana neighborhoods.
South Riverfront is a suburban neighborhood (based on population density) located in Monroe, Louisiana.
South Riverfront 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 South Riverfront 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 South Riverfront. The current real estate vacancy rate here is 29.7%. This is higher than the rate of vacancies in 95.0% 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.
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.
The South Riverfront neighborhood has a greater percentage of children living in poverty (98.6%) than found in 99.9% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.
In addition, single parenting is hard. But you don't have to tell the South Riverfront neighborhood about it; they already know. 25.5% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 98.9% 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.
Also, neighborhoodScout's exclusive research revealed that 97.4% of the adult residents in the South Riverfront neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 98.5% of the neighborhoods in America.
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 South Riverfront neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 23.9% of its workforce, this neighborhood has a greater concentration of government workers than 99.6% of U.S. neighborhoods.
Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 29.7% of the residential real estate vacant, the South Riverfront neighborhood claims the distinction of having a higher vacancy rate than 95.0% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.
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 South Riverfront neighborhood in Monroe are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% of U.S. neighborhoods. With 98.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.9% 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 South Riverfront neighborhood, 37.8% 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 24.7% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (23.9%), and 21.6% in clerical, assistant, and tech support occupations.
The most common language spoken in the South Riverfront neighborhood is English, spoken by 95.1% of households. Some people also speak Spanish (4.5%).
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 South Riverfront neighborhood in Monroe, LA, residents most commonly identify their ethnicity or ancestry as Dutch (0.6%).
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 South Riverfront neighborhood spend under 15 minutes commuting one-way to work (52.0% of working residents), one of the shortest commutes across America.
Here most residents (83.8%) 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 (15.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.