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Real Estate Prices & Overview

Shady Grove median real estate price is $255,177, which is more expensive than 73.7% of the neighborhoods in Mississippi and 31.6% of the neighborhoods in the U.S.

The average rental price in Shady Grove is currently $1,633, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 66.2% of the neighborhoods in Mississippi.

Shady Grove is a rural neighborhood (based on population density) located in Laurel, Mississippi.

Shady Grove real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Shady Grove neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Home and apartment vacancy rates are 9.1% in Shady Grove. NeighborhoodScout analysis shows that this rate is lower than 42.6% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 Laurel, the Shady Grove neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

If you are an executive or professional seeking a neighborhood affording an executive lifestyle, or just wanting to find where other executives live in the area, the Shady Grove neighborhood should be on your list. It has an enviable mix of spacious homes, relatively stable real estate values, and residents that include a number of wealthy executives, managers, and professionals. NeighborhoodScout's exclusive analysis places it as one of the top 11.7% executive lifestyle neighborhoods in the state of Mississippi.

Diversity

Did you know that the Shady Grove neighborhood has more African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.0% of this neighborhood's residents have African ancestry.

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 Shady Grove neighborhood in Laurel are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 47.0% of the neighborhoods in America. With 38.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 87.9% 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 Shady Grove neighborhood, 39.5% 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 23.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (19.2%), and 17.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Shady Grove neighborhood is English, spoken by 89.9% of households. Some people also speak Spanish (8.1%).

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 Shady Grove neighborhood in Laurel, MS, residents most commonly identify their ethnicity or ancestry as Irish (15.1%). There are also a number of people of Mexican ancestry (10.7%), and residents who report English roots (10.4%), and some of the residents are also of German ancestry (7.4%), along with some Sub-Saharan African ancestry residents (6.5%), 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 Shady Grove neighborhood spend under 15 minutes commuting one-way to work (44.8% of working residents), one of the shortest commutes across America.

Here most residents (78.0%) 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 (18.1%) . 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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