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Real Estate Prices & Overview

Greensboro Ave / University Ln median real estate price is $228,924, which is more expensive than 53.8% of the neighborhoods in Alabama and 24.7% of the neighborhoods in the U.S.

The average rental price in Greensboro Ave / University Ln is currently $1,060, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 82.5% of Alabama neighborhoods.

Greensboro Ave / University Ln is a suburban neighborhood (based on population density) located in Tuscaloosa, Alabama.

Greensboro Ave / University Ln 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 mobile homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Greensboro Ave / University Ln neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in Greensboro Ave / University Ln. The current real estate vacancy rate here is 35.3%. This is higher than the rate of vacancies in 96.8% 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

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.

People

One of the most interesting things about the Greensboro Ave / University Ln neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 72.9% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 99.8% of the neighborhoods in America.

In addition, the Greensboro Ave / University Ln neighborhood stands out for having an average per capita income lower than 99.5% of the neighborhoods in the United States.

Real Estate

98.1% of the real estate in the Greensboro Ave / University Ln neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America. Despite all of the residential real estate here in the Greensboro Ave / University Ln neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 35.3%, which is higher than 96.8% of all U.S. neighborhoods.

Diversity

Significantly, 6.3% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 99.3% of the neighborhoods in America.

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 Greensboro Ave / University Ln neighborhood in Tuscaloosa are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.5% of U.S. neighborhoods. With 44.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 91.6% 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 Greensboro Ave / University Ln neighborhood, 43.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 35.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.6%), and 5.3% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Greensboro Ave / University Ln neighborhood is English, spoken by 93.7% of households. Some people also speak German/Yiddish (6.3%).

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 Greensboro Ave / University Ln neighborhood in Tuscaloosa, AL, residents most commonly identify their ethnicity or ancestry as Irish (3.3%). There are also a number of people of German ancestry (2.3%), and residents who report English roots (1.2%).

Getting to Work

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 Greensboro Ave / University Ln neighborhood spend under 15 minutes commuting one-way to work (34.7% 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 (9.3%) . 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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