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Real Estate Prices & Overview

Athens / Talma median real estate price is $220,541, which is more expensive than 42.6% of the neighborhoods in Indiana and 25.3% of the neighborhoods in the U.S.

The average rental price in Athens / Talma is currently $1,114, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 87.5% of Indiana neighborhoods.

Athens / Talma is a remote neighborhood (based on population density) located in Rochester, Indiana.

Athens / Talma 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 Athens / Talma neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in Athens / Talma. The current real estate vacancy rate here is 30.8%. This is higher than the rate of vacancies in 95.4% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (24.8%). 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

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 Rochester, the Athens / Talma neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 30.8% of the residential real estate vacant, the Athens / Talma neighborhood claims the distinction of having a higher vacancy rate than 95.4% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

Diversity

Did you know that the Athens / Talma neighborhood has more Swiss ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.2% of this neighborhood's residents have Swiss ancestry.

Athens / Talma is also pretty special linguistically. Significantly, 5.2% 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 99.1% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Athens / Talma neighborhood in Rochester are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 64.1% of U.S. neighborhoods. In addition, 2.0% 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 74.7% of America'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 Athens / Talma neighborhood, 36.3% 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 28.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.9%), and 16.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Athens / Talma neighborhood is English, spoken by 94.0% of households. Some people also speak German/Yiddish (5.2%).

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 Athens / Talma neighborhood in Rochester, IN, residents most commonly identify their ethnicity or ancestry as German (16.0%). There are also a number of people of English ancestry (9.8%), and residents who report Irish roots (4.3%), and some of the residents are also of Swiss ancestry (3.2%), along with some Polish ancestry residents (1.8%), among others.

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 Athens / Talma neighborhood spend under 15 minutes commuting one-way to work (27.1% of working residents), one of the shortest commutes across America.

Here most residents (69.7%) 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 (21.3%) . 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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