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Real Estate Prices & Overview

Carroll St / 1st Ave S median real estate price is $457,617, which is more expensive than 77.5% of the neighborhoods in Tennessee and 60.9% of the neighborhoods in the U.S.

The average rental price in Carroll St / 1st Ave S is currently $380, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 100.0% of Tennessee neighborhoods.

Carroll St / 1st Ave S is a densely urban neighborhood (based on population density) located in Nashville, Tennessee.

Carroll St / 1st Ave S real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) apartment complexes/high-rise apartments and townhomes. Most of the residential real estate is renter occupied. Many of the residences in the Carroll St / 1st Ave S neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.

In Carroll St / 1st Ave S, 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 Carroll St / 1st Ave S is very tight compared to the demand for property here.

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.

Real Estate

100.0% of the real estate in the Carroll St / 1st Ave S neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America. 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 Carroll St / 1st Ave S 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, the real estate in the Carroll St / 1st Ave S neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 76.5% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 96.1% of American neighborhoods.

People

The Carroll St / 1st Ave S neighborhood is unique for having just 0.0% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 100.0% of America's neighborhoods.

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 Carroll St / 1st Ave S neighborhood has more single mother households than 100.0% 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, one of the unique characteristics of the Carroll St / 1st Ave S neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 99.6% of the neighborhoods in America. The Carroll St / 1st Ave S neighborhood also has a greater percentage of children living in poverty (96.9%) 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.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 100.0% of U.S. neighborhoods.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Carroll St / 1st Ave S neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 33.3% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 100.0% of all neighborhoods in America.

Occupations

There are more people living in the Carroll St / 1st Ave S neighborhood employed as sales and service workers (33.3%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Carroll St / 1st Ave S neighborhood has a highly unusual pattern of car ownership. 76.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.7% of U.S. 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 Carroll St / 1st Ave S neighborhood in Nashville are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.6% of U.S. neighborhoods. With 96.9% 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.

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 Carroll St / 1st Ave S neighborhood, 66.7% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 33.3% of the residents employed.

Languages

The most common language spoken in the Carroll St / 1st Ave S neighborhood is English, spoken by 96.0% of households. Some people also speak Spanish (4.0%).

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 Carroll St / 1st Ave S neighborhood in Nashville, 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 Carroll St / 1st Ave S neighborhood spend longer than one hour commuting one-way to work (33.3% of working residents), one of the longer commutes in America, which is a potential downside for residents of this neighborhood.

Here most residents (76.1%) ride the bus to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (17.9%) and 6.0% of residents also drive alone in a private automobile for their daily commute. The bus provides a valuable service in the Carroll St / 1st Ave S neighborhood of Nashville by getting a lot of residents to and from work daily, reducing the costs of commuting and reducing some congestion on the roads as well.

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