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Real Estate Prices & Overview

Canaan / Hobbie Farm median real estate price is $245,558, which is more expensive than 57.5% of the neighborhoods in Alabama and 29.4% of the neighborhoods in the U.S.

The average rental price in Canaan / Hobbie Farm is currently $1,452, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 55.2% of Alabama neighborhoods.

Canaan / Hobbie Farm is a remote neighborhood (based on population density) located in Montgomery, Alabama.

Canaan / Hobbie Farm real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Canaan / Hobbie Farm neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Canaan / Hobbie Farm has a 14.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 76.2% 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

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 Montgomery, the Canaan / Hobbie Farm neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

Our research reveals that 95.5% of commuters who live in the Canaan / Hobbie Farm neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 99.6% of U.S. neighborhoods.

Occupations

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Canaan / Hobbie Farm neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 19.6% of its workforce, this neighborhood has a greater concentration of government workers than 98.9% of U.S. neighborhoods.

Real Estate

This neighborhood has wide open spaces, few people, and lots of space to stretch out. If you like locations that fit that description, you may like this neighborhood. Based on NeighborhoodScout's exclusive analysis, with only 28 people per square mile living here, this neighborhood is less crowded than 93.1% of America. One of the notable things about Canaan / Hobbie Farm is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.

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 Canaan / Hobbie Farm neighborhood in Montgomery are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 66.8% of U.S. neighborhoods. With 31.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 82.9% 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 Canaan / Hobbie Farm neighborhood, 26.7% 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 26.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (24.4%), and 20.6% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Canaan / Hobbie Farm neighborhood is English, spoken by 91.8% of households. Some people also speak Spanish (7.5%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Canaan / Hobbie Farm neighborhood in Montgomery, AL, residents most commonly identify their ethnicity or ancestry as Mexican (8.1%). There are also a number of people of German ancestry (7.4%), and residents who report English roots (6.8%), and some of the residents are also of Irish ancestry (3.0%), along with some Scottish ancestry residents (2.5%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Canaan / Hobbie Farm neighborhood spend between 15 and 30 minutes commuting one-way to work (58.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (95.5%) drive alone in a private automobile to get to work. 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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