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Real Estate Prices & Overview

Ridgeway Blvd / Hickory Ridge Mall median real estate price is $210,614, which is less expensive than 76.1% of Tennessee neighborhoods and 79.2% of all U.S. neighborhoods.

The average rental price in Ridgeway Blvd / Hickory Ridge Mall is currently $1,761, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 49.0% of Tennessee neighborhoods.

Ridgeway Blvd / Hickory Ridge Mall is an urban neighborhood (based on population density) located in Memphis, Tennessee.

Ridgeway Blvd / Hickory Ridge Mall 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Ridgeway Blvd / Hickory Ridge Mall neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Ridgeway Blvd / Hickory Ridge Mall. 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. 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

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 Memphis, the Ridgeway Blvd / Hickory Ridge Mall neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

The types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 66.0%. This is a higher percent living alone than we found in 99.4% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.

In addition, neighborhoodScout's exclusive research revealed that 93.6% of the adult residents in the Ridgeway Blvd / Hickory Ridge Mall neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 96.2% of the neighborhoods in America.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the Ridgeway Blvd / Hickory Ridge Mall stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 84.8% of the residential real estate here was built in this one time period.

In addition, despite all of the residential real estate here in the Ridgeway Blvd / Hickory Ridge Mall 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 30.8%, which is higher than 95.4% of all U.S. neighborhoods.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Ridgeway Blvd / Hickory Ridge Mall neighborhood. In the Ridgeway Blvd / Hickory Ridge Mall neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.3% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

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 Ridgeway Blvd / Hickory Ridge Mall neighborhood in Memphis are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 91.2% of U.S. neighborhoods. With 15.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 62.5% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Ridgeway Blvd / Hickory Ridge Mall neighborhood, 39.1% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 29.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (22.0%), and 9.0% in executive, management, and professional occupations.

Languages

The most common language spoken in the Ridgeway Blvd / Hickory Ridge Mall neighborhood is English, spoken by 90.6% of households. Some people also speak Spanish (9.4%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Ridgeway Blvd / Hickory Ridge Mall neighborhood in Memphis, TN, residents most commonly identify their ethnicity or ancestry as Mexican (4.0%). There are also a number of people of German ancestry (2.0%), and residents who report Irish roots (1.5%), and some of the residents are also of Jamaican ancestry (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 Ridgeway Blvd / Hickory Ridge Mall neighborhood spend between 15 and 30 minutes commuting one-way to work (67.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (87.3%) 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 (9.5%) . 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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