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Real Estate Prices & Overview

Gaston Park median real estate price is $89,944, which is less expensive than 96.3% of Tennessee neighborhoods and 96.6% of all U.S. neighborhoods.

The average rental price in Gaston Park is currently $1,111, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 90.6% of Tennessee neighborhoods.

Gaston Park is a suburban neighborhood (based on population density) located in Memphis, Tennessee.

Gaston Park 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 Gaston Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Gaston Park. The current real estate vacancy rate here is 18.8%. This is higher than the rate of vacancies in 86.8% 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.

Notable & Unique Neighborhood Characteristics

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 Memphis, the Gaston Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

One of the unique characteristics of the Gaston Park neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 100.0% of the neighborhoods in America. The Gaston Park neighborhood also has a greater percentage of children living in poverty (92.2%) than found in 99.8% 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.

In addition, whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Gaston Park neighborhood has more single mother households than 99.6% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.

Also, neighborhoodScout's exclusive research revealed that 95.4% of the adult residents in the Gaston Park neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 97.8% of the neighborhoods in America.

Modes of Transportation

In the Gaston Park neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 38.0% of residents here. This is a higher proportion of walking commuters than we found in 99.6% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Real Estate

Renter-occupied real estate is dominant in the Gaston Park neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 91.9%, which is higher than 97.3% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. More residents of the Gaston Park neighborhood live here today that also were living in this same neighborhood five years ago than is found in 96.4% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.

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 Gaston Park neighborhood in Memphis are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% of U.S. neighborhoods. With 92.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.8% 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 Gaston Park neighborhood, 33.5% of the working population is employed in clerical, assistant, and tech support 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 executive, management, and professional occupations (22.0%), and 20.6% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Gaston Park neighborhood is English, spoken by 100.0% of households.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Gaston Park neighborhood in Memphis, TN, residents most commonly identify their ethnicity or ancestry as Spanish (0.0%).

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 Gaston Park neighborhood spend between 15 and 30 minutes commuting one-way to work (50.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (62.0%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (38.0%) . 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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Race & Ethnic Diversity
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Crime includes:
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Schools include:
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