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Real Estate Prices & Overview

Hannon Park median real estate price is $324,534, which is more expensive than 78.2% of the neighborhoods in Alabama and 44.0% of the neighborhoods in the U.S.

The average rental price in Hannon Park is currently $1,410, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 59.5% of Alabama neighborhoods.

Hannon Park is a suburban neighborhood (based on population density) located in Mobile, Alabama.

Hannon Park real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Hannon Park 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 1940 and 1969.

Hannon Park has a 14.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 77.5% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are 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.

Real Estate

If you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 58.2% of the residential real estate in the Hannon Park neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 96.0% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Diversity

Did you know that the Hannon Park neighborhood has more Czechoslovakian and Greek ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.9% of this neighborhood's residents have Czechoslovakian ancestry and 2.2% have Greek 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 Hannon Park neighborhood in Mobile are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 64.0% of the neighborhoods in America. In addition, 8.8% 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 53.8% 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 Hannon Park neighborhood, 56.9% 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 26.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (9.2%), and 7.2% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Hannon Park neighborhood is English, spoken by 94.0% of households. Other important languages spoken here include Spanish and Italian.

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 Hannon Park neighborhood in Mobile, AL, residents most commonly identify their ethnicity or ancestry as Irish (19.4%). There are also a number of people of English ancestry (16.4%), and residents who report Italian roots (9.2%), and some of the residents are also of German ancestry (8.0%), along with some French ancestry residents (4.7%), 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 Hannon Park neighborhood spend between 15 and 30 minutes commuting one-way to work (38.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

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 (15.3%) . 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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