Cumberland Estates / Ridgedale median real estate price is $325,168, which is more expensive than 54.4% of the neighborhoods in Tennessee and 44.1% of the neighborhoods in the U.S.
The average rental price in Cumberland Estates / Ridgedale is currently $2,543, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 83.8% of the neighborhoods in Tennessee.
Cumberland Estates / Ridgedale is a suburban neighborhood (based on population density) located in Knoxville, Tennessee.
Cumberland Estates / Ridgedale 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 Cumberland Estates / Ridgedale neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Real estate vacancies in Cumberland Estates / Ridgedale are 5.5%, which is lower than one will find in 62.9% of American neighborhoods. Demand for real estate in Cumberland Estates / Ridgedale is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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 Knoxville, the Cumberland Estates / Ridgedale neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Cumberland Estates / Ridgedale is ranked among the top 9.2% of neighborhoods for first-time home buyers to consider in the state of Tennessee according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the Cumberland Estates / Ridgedale neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers.
Did you know that the Cumberland Estates / Ridgedale neighborhood has more Scots-Irish and Dutch ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.7% of this neighborhood's residents have Scots-Irish ancestry and 3.8% have Dutch ancestry.
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 Cumberland Estates / Ridgedale neighborhood in Knoxville are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 62.8% of U.S. neighborhoods. In addition, 4.3% 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 66.9% of America'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 Cumberland Estates / Ridgedale neighborhood, 44.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 19.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.5%), and 16.7% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The most common language spoken in the Cumberland Estates / Ridgedale neighborhood is English, spoken by 96.9% of households.
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 Cumberland Estates / Ridgedale neighborhood in Knoxville, TN, residents most commonly identify their ethnicity or ancestry as English (19.7%). There are also a number of people of Irish ancestry (10.4%), and residents who report German roots (6.0%), and some of the residents are also of Italian ancestry (3.8%), along with some Dutch ancestry residents (3.8%), 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 Cumberland Estates / Ridgedale neighborhood spend between 15 and 30 minutes commuting one-way to work (50.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (82.2%) 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 (8.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.