Shady Grove median real estate price is $279,463, which is more expensive than 73.0% of the neighborhoods in Arkansas and 35.7% of the neighborhoods in the U.S.
The average rental price in Shady Grove is currently $1,789, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 88.3% of the neighborhoods in Arkansas.
Shady Grove is a suburban neighborhood (based on population density) located in Springdale, Arkansas.
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 occupied by a mixture of owners and renters. 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 2000 and the present.
Real estate vacancies in Shady Grove are 5.6%, which is lower than one will find in 62.2% of American neighborhoods. Demand for real estate in Shady Grove 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 Springdale, the Shady Grove neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Our research reveals that 89.9% of commuters who live in the Shady Grove neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 96.3% of U.S. neighborhoods.
Shady Grove is ranked among the top 7.2% of neighborhoods for first-time home buyers to consider in the state of Arkansas 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 Shady Grove neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers.
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 Springdale are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 52.8% of the neighborhoods in America. With 21.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 70.6% of U.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 Shady Grove neighborhood, 29.9% 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 29.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (26.2%), and 13.7% in clerical, assistant, and tech support occupations.
The most common language spoken in the Shady Grove neighborhood is English, spoken by 75.5% of households. Some people also speak Spanish (18.7%).
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 Springdale, AR, residents most commonly identify their ethnicity or ancestry as Mexican (21.9%). There are also a number of people of English ancestry (10.2%), and residents who report German roots (6.7%), and some of the residents are also of Asian ancestry (5.2%), along with some Polish ancestry residents (4.7%), among others. In addition, 10.8% of the residents of this neighborhood were born in another country.
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 Shady Grove neighborhood spend under 15 minutes commuting one-way to work (44.6% of working residents), one of the shortest commutes across America.
Here most residents (89.9%) 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 (6.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.