S Lamar Blvd / Belk Dr median real estate price is $452,068, which is more expensive than 96.8% of the neighborhoods in Mississippi and 61.4% of the neighborhoods in the U.S.
The average rental price in S Lamar Blvd / Belk Dr is currently $2,218, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.3% of the neighborhoods in Mississippi.
S Lamar Blvd / Belk Dr is a suburban neighborhood (based on population density) located in Oxford, Mississippi.
S Lamar Blvd / Belk Dr real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the S Lamar Blvd / Belk Dr 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 S Lamar Blvd / Belk Dr. The current real estate vacancy rate here is 52.2%. This is higher than the rate of vacancies in 98.9% 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.
Despite all of the residential real estate here in the S Lamar Blvd / Belk Dr 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 52.2%, which is higher than 98.9% of all U.S. neighborhoods.
An extraordinary 21.6% of the residents of the S Lamar Blvd / Belk Dr neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.
In addition, the S Lamar Blvd / Belk Dr neighborhood has a greater percentage of children living in poverty (56.0%) than found in 95.9% 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.
Our research reveals that 90.1% of commuters who live in the S Lamar Blvd / Belk Dr neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 96.5% of U.S. neighborhoods.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the S Lamar Blvd / Belk Dr neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.9% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Did you know that the S Lamar Blvd / Belk Dr neighborhood has more Finnish and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.5% of this neighborhood's residents have Finnish ancestry and 13.4% have Sub-Saharan African ancestry.
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 S Lamar Blvd / Belk Dr neighborhood in Oxford are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 66.3% of U.S. neighborhoods. With 56.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 95.9% 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 S Lamar Blvd / Belk Dr neighborhood, 43.2% 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 25.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (24.5%), and 6.5% in clerical, assistant, and tech support occupations.
The most common language spoken in the S Lamar Blvd / Belk Dr neighborhood is English, spoken by 98.5% of households.
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 S Lamar Blvd / Belk Dr neighborhood in Oxford, MS, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (13.4%). There are also a number of people of Irish ancestry (9.4%), and residents who report English roots (8.2%), and some of the residents are also of German ancestry (5.2%), along with some Italian ancestry residents (1.9%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in S Lamar Blvd / Belk Dr neighborhood spend under 15 minutes commuting one-way to work (45.4% of working residents), one of the shortest commutes across America.
Here most residents (90.1%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.