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Real Estate Prices & Overview

South Riverfront median real estate price is $59,533, which is less expensive than 96.3% of Louisiana neighborhoods and 98.4% of all U.S. neighborhoods.

The average rental price in South Riverfront is currently $1,332, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 56.1% of Louisiana neighborhoods.

South Riverfront is a suburban neighborhood (based on population density) located in Monroe, Louisiana.

South Riverfront 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 South Riverfront neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in South Riverfront. The current real estate vacancy rate here is 25.4%. This is higher than the rate of vacancies in 92.1% 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

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.

People

Of note, 91.4% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

In addition, neighborhoodScout's exclusive research revealed that 97.6% of the adult residents in the South Riverfront neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 98.5% of the neighborhoods in America.

Also, there is an especially high percentage of incarcerated people (1.4%) living in the South Riverfront neighborhood.

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 South Riverfront neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 20.9% of its workforce, this neighborhood has a greater concentration of government workers than 99.2% of U.S. neighborhoods.

Modes of Transportation

Our research reveals that 89.7% of commuters who live in the South Riverfront neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 96.0% of U.S. neighborhoods.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The South Riverfront neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the South Riverfront neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 57.7% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 95.2% of U.S. neighborhoods. Less time commuting means more time for other things in life.

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 South Riverfront neighborhood in Monroe are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% of U.S. neighborhoods. With 91.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.8% 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 South Riverfront neighborhood, 30.2% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 25.3% of the residents employed. Other residents here are employed in executive, management, and professional occupations (24.9%), and 20.9% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the South Riverfront neighborhood is English, spoken by 95.1% of households. Some people also speak Spanish (4.6%).

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 South Riverfront neighborhood in Monroe, LA, residents most commonly identify their ethnicity or ancestry as Dutch (0.6%).

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 South Riverfront neighborhood spend under 15 minutes commuting one-way to work (57.7% of working residents), one of the shortest commutes across America.

Here most residents (89.7%) 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 (9.8%) . 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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