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Real Estate Prices & Overview

Chestnut Grove / Pennington Chapel median real estate price is $265,857, which is more expensive than 40.2% of the neighborhoods in Tennessee and 33.7% of the neighborhoods in the U.S.

The average rental price in Chestnut Grove / Pennington Chapel is currently $1,686, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 54.9% of Tennessee neighborhoods.

Chestnut Grove / Pennington Chapel is a remote neighborhood (based on population density) located in Maynardville, Tennessee.

Chestnut Grove / Pennington Chapel 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 Chestnut Grove / Pennington Chapel 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.

Vacant apartments or homes are a major fact of life in Chestnut Grove / Pennington Chapel. The current real estate vacancy rate here is 21.4%. This is higher than the rate of vacancies in 88.5% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (10.9%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

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.

Occupations

NeighborhoodScout's exclusive research identifies the Chestnut Grove / Pennington Chapel neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 46.3% of its working residents employed in such fields, which is a higher proportion than 97.8% of American neighborhoods.

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 Chestnut Grove / Pennington Chapel neighborhood in Maynardville are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 80.7% of U.S. neighborhoods. With 27.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 78.4% 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 Chestnut Grove / Pennington Chapel neighborhood, 46.3% 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 25.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (14.6%), and 14.0% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Chestnut Grove / Pennington Chapel neighborhood is English, spoken by 99.0% of households.

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 Chestnut Grove / Pennington Chapel neighborhood in Maynardville, TN, residents most commonly identify their ethnicity or ancestry as Irish (19.3%). There are also a number of people of English ancestry (18.2%), and residents who report German roots (6.0%), and some of the residents are also of Italian ancestry (4.1%), along with some Scottish ancestry residents (2.5%), 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 Chestnut Grove / Pennington Chapel neighborhood spend between 15 and 30 minutes commuting one-way to work (31.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (81.6%) 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 (5.5%) . 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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