Mars Hill / New Prospect median real estate price is $267,585, which is more expensive than 40.2% of the neighborhoods in Tennessee and 33.8% of the neighborhoods in the U.S.
The average rental price in Mars Hill / New Prospect is currently $1,382, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 77.6% of Tennessee neighborhoods.
Mars Hill / New Prospect is a rural neighborhood (based on population density) located in Lawrenceburg, Tennessee.
Mars Hill / New Prospect real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Mars Hill / New Prospect neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Home and apartment vacancy rates are 8.7% in Mars Hill / New Prospect. NeighborhoodScout analysis shows that this rate is lower than 44.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Lawrenceburg, the Mars Hill / New Prospect neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
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 Mars Hill / New Prospect neighborhood in Lawrenceburg are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 77.9% of U.S. neighborhoods. With 37.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 87.5% of U.S. neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Mars Hill / New Prospect neighborhood, 33.9% 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 23.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (23.6%), and 18.6% in clerical, assistant, and tech support occupations.
The most common language spoken in the Mars Hill / New Prospect neighborhood is English, spoken by 98.3% 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 Mars Hill / New Prospect neighborhood in Lawrenceburg, TN, residents most commonly identify their ethnicity or ancestry as English (16.6%). There are also a number of people of Irish ancestry (12.6%), and residents who report German roots (5.5%), and some of the residents are also of Italian ancestry (3.5%), along with some Scottish ancestry residents (3.0%), 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 Mars Hill / New Prospect neighborhood spend under 15 minutes commuting one-way to work (51.1% of working residents), one of the shortest commutes across America.
Here most residents (84.6%) 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 (8.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.