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Real Estate Prices & Overview

Bissell / Palmetto median real estate price is $177,499, which is more expensive than 50.3% of the neighborhoods in Mississippi and 17.1% of the neighborhoods in the U.S.

The average rental price in Bissell / Palmetto is currently $1,821, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 79.6% of the neighborhoods in Mississippi.

Bissell / Palmetto is a rural neighborhood (based on population density) located in Tupelo, Mississippi.

Bissell / Palmetto 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 Bissell / Palmetto 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.

Bissell / Palmetto has a 13.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 74.6% 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 Tupelo, the Bissell / Palmetto neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

While most Americans do drive to work alone each day, the Bissell / Palmetto neighborhood stands out by having 96.2% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 99.7% of all American neighborhoods.

Occupations

More people work in manufacturing and as laborers here in the Bissell / Palmetto neighborhood than in 98.1% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Bissell / Palmetto neighborhood have a highly unusual car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 39.0% of the households here have four, five, or more cars. That is more cars per household than in 97.8% of the neighborhoods in the nation.

People

Single parenting is hard. But you don't have to tell the Bissell / Palmetto neighborhood about it; they already know. 17.4% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 95.1% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Bissell / Palmetto neighborhood in Tupelo are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 60.3% of U.S. neighborhoods. With 22.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 72.3% 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 Bissell / Palmetto neighborhood, 47.1% 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 29.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (14.0%), and 9.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Bissell / Palmetto neighborhood is English, spoken by 89.4% of households. Some people also speak Spanish (8.4%).

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 Bissell / Palmetto neighborhood in Tupelo, MS, residents most commonly identify their ethnicity or ancestry as Mexican (9.9%). There are also a number of people of English ancestry (6.8%), and residents who report Sub-Saharan African roots (3.5%), and some of the residents are also of African ancestry (3.5%), along with some Irish ancestry residents (3.2%), 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 Bissell / Palmetto neighborhood spend between 15 and 30 minutes commuting one-way to work (56.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (96.2%) 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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