Pisgah median real estate price is $318,862, which is more expensive than 51.0% of the neighborhoods in Tennessee and 40.9% of the neighborhoods in the U.S.
The average rental price in Pisgah is currently $2,494, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 80.0% of the neighborhoods in Tennessee.
Pisgah is a suburban neighborhood (based on population density) located in Memphis, Tennessee.
Pisgah real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Pisgah neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In Pisgah, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Pisgah is very tight compared to the demand for property here.
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 Pisgah neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Pisgah neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
In addition, homes built from 2000 through today make up a higher proportion of the Pisgah neighborhood's real estate landscape than 98.0% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 85.0% of the residential real estate here is classified as newer. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.
In a nation where 1 out of every 4 children lives in poverty, the Pisgah neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
Did you know that the Pisgah neighborhood has more Jamaican and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.2% of this neighborhood's residents have Jamaican ancestry and 5.8% have South American ancestry.
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 Pisgah neighborhood in Memphis are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 72.1% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America'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 Pisgah neighborhood, 48.8% 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 27.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.0%), and 11.6% in government jobs, whether they are in local, state, or federal positions.
The most common language spoken in the Pisgah neighborhood is English, spoken by 93.7% of households. Some people also speak Spanish (6.1%).
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 Pisgah neighborhood in Memphis, TN, residents most commonly identify their ethnicity or ancestry as Irish (8.4%). There are also a number of people of South American ancestry (5.8%), and residents who report Jamaican roots (3.2%), and some of the residents are also of Sub-Saharan African ancestry (2.4%), along with some African ancestry residents (2.4%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Pisgah neighborhood spend between 15 and 30 minutes commuting one-way to work (39.7% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (83.6%) 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 (7.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.