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Real Estate Prices & Overview

Forest Mill / Ragsdale median real estate price is $349,892, which is more expensive than 60.0% of the neighborhoods in Tennessee and 47.7% of the neighborhoods in the U.S.

The average rental price in Forest Mill / Ragsdale is currently $1,283, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 85.4% of Tennessee neighborhoods.

Forest Mill / Ragsdale is a rural neighborhood (based on population density) located in Manchester, Tennessee.

Forest Mill / Ragsdale real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Forest Mill / Ragsdale neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Home and apartment vacancy rates are 8.9% in Forest Mill / Ragsdale. NeighborhoodScout analysis shows that this rate is lower than 43.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

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.

People

Of particular note, 3.3% of the people in the Forest Mill / Ragsdale neighborhood currently reside in a correction facility, held due to punishment for a crime.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Forest Mill / Ragsdale neighborhood in Manchester are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 75.8% of U.S. neighborhoods. With 21.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 71.4% 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 Forest Mill / Ragsdale neighborhood, 33.2% 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 30.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.8%), and 14.6% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Forest Mill / Ragsdale neighborhood is English, spoken by 97.7% of households. Some people also speak Spanish (2.3%).

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 Forest Mill / Ragsdale neighborhood in Manchester, TN, residents most commonly identify their ethnicity or ancestry as Irish (11.1%). There are also a number of people of German ancestry (7.8%), and residents who report English roots (6.0%), and some of the residents are also of Mexican ancestry (3.0%), along with some Scottish ancestry residents (1.6%), 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 Forest Mill / Ragsdale neighborhood spend under 15 minutes commuting one-way to work (31.0% of working residents), one of the shortest commutes across America.

Here most residents (86.5%) 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 (6.4%) . 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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