Melton Hill Park median real estate price is $763,104, which is more expensive than 94.7% of the neighborhoods in Tennessee and 83.0% of the neighborhoods in the U.S.
The average rental price in Melton Hill Park is currently $2,755, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 90.5% of the neighborhoods in Tennessee.
Melton Hill Park is a rural neighborhood (based on population density) located in Knoxville, Tennessee.
Melton Hill Park real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Melton Hill Park neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In Melton Hill Park, the current vacancy rate is 1.5%, which is a lower rate of vacancies than 88.3% of all neighborhoods in the U.S. This means that the housing supply in Melton Hill Park is very tight compared to the demand for property here.
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.
Astoundingly, NeighborhoodScout's research reveals that this single neighborhood has a higher concentration of married couples living here than 98.9% of all U.S. neighborhoods. Whether they have school-aged children or not, married couples are the rule in the Melton Hill Park neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests. But if you are single, you might not find many other singles here.
In addition, a majority of the adults in the Melton Hill Park neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for Tennessee by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 98.7% of the neighborhoods in Tennessee. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children and urban sophisticates.
Owner-occupied real estate dominates the Melton Hill Park neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 96.5% of neighborhoods in America.
In addition, the Melton Hill Park neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 97.1% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 95.2% of all neighborhoods in America.
Did you know that the Melton Hill Park neighborhood has more Ukrainian and Welsh ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.4% of this neighborhood's residents have Ukrainian ancestry and 3.0% have Welsh ancestry.
Melton Hill Park is also pretty special linguistically. Significantly, 6.2% of its residents five years old and above primarily speak Italian at home. While this may seem like a small percentage, it is higher than 95.0% of the neighborhoods in America.
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 Melton Hill Park neighborhood in Knoxville are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 94.0% of the neighborhoods in America. With 13.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 58.2% 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 Melton Hill Park neighborhood, 63.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 18.6% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (9.9%), and 9.1% in clerical, assistant, and tech support occupations.
The most common language spoken in the Melton Hill Park neighborhood is English, spoken by 92.0% of households. Some people also speak Italian (6.2%).
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 Melton Hill Park neighborhood in Knoxville, TN, residents most commonly identify their ethnicity or ancestry as English (17.7%). There are also a number of people of German ancestry (10.4%), and residents who report Asian roots (4.2%), and some of the residents are also of Polish ancestry (4.1%), along with some Irish ancestry residents (4.1%), 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 Melton Hill Park neighborhood spend between 15 and 30 minutes commuting one-way to work (56.9% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (75.1%) 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.