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Real Estate Prices & Overview

S Lamar Blvd / Belk Dr median real estate price is $452,068, which is more expensive than 96.8% of the neighborhoods in Mississippi and 61.4% of the neighborhoods in the U.S.

The average rental price in S Lamar Blvd / Belk Dr is currently $2,218, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.3% of the neighborhoods in Mississippi.

S Lamar Blvd / Belk Dr is a suburban neighborhood (based on population density) located in Oxford, Mississippi.

S Lamar Blvd / Belk Dr 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 S Lamar Blvd / Belk Dr neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in S Lamar Blvd / Belk Dr. The current real estate vacancy rate here is 52.2%. This is higher than the rate of vacancies in 98.9% 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 Oxford, the S Lamar Blvd / Belk Dr neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 52.2% of the residential real estate vacant, the S Lamar Blvd / Belk Dr neighborhood claims the distinction of having a higher vacancy rate than 98.9% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

People

NeighborhoodScout's analysis shows that the S Lamar Blvd / Belk Dr neighborhood has a greater concentration of residents currently enrolled in college than 97.9% of the neighborhoods in the U.S. With 21.6% of the population here attending college, this is very much a college-focused neighborhood.

In addition, the S Lamar Blvd / Belk Dr neighborhood has a greater percentage of children living in poverty (56.0%) than found in 95.9% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

Modes of Transportation

While most Americans do drive to work alone each day, the S Lamar Blvd / Belk Dr neighborhood stands out by having 90.1% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 96.5% of all American neighborhoods.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the S Lamar Blvd / Belk Dr neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.9% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

Diversity

Did you know that the S Lamar Blvd / Belk Dr neighborhood has more Finnish and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.5% of this neighborhood's residents have Finnish ancestry and 13.4% have Sub-Saharan African 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 S Lamar Blvd / Belk Dr neighborhood in Oxford are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 66.3% of U.S. neighborhoods. With 56.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 95.9% 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 S Lamar Blvd / Belk Dr neighborhood, 43.2% 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 25.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (24.5%), and 6.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the S Lamar Blvd / Belk Dr neighborhood is English, spoken by 98.5% of households.

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 S Lamar Blvd / Belk Dr neighborhood in Oxford, MS, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (13.4%). There are also a number of people of Irish ancestry (9.4%), and residents who report English roots (8.2%), and some of the residents are also of German ancestry (5.2%), along with some Italian ancestry residents (1.9%), 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 S Lamar Blvd / Belk Dr neighborhood spend under 15 minutes commuting one-way to work (45.4% of working residents), one of the shortest commutes across America.

Here most residents (90.1%) 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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