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Real Estate Prices & Overview

Arrow / Enterprise median real estate price is $372,945, which is more expensive than 64.5% of the neighborhoods in Tennessee and 51.2% of the neighborhoods in the U.S.

The average rental price in Arrow / Enterprise is currently $1,401, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 76.2% of Tennessee neighborhoods.

Arrow / Enterprise is a remote neighborhood (based on population density) located in Mount Pleasant, Tennessee.

Arrow / Enterprise real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Arrow / Enterprise 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.

Vacant apartments or homes are a major fact of life in Arrow / Enterprise. The current real estate vacancy rate here is 20.0%. This is higher than the rate of vacancies in 86.7% 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 Mount Pleasant, the Arrow / Enterprise 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 Arrow / Enterprise neighborhood stands out by having 94.6% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 99.3% of all American neighborhoods.

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 Arrow / Enterprise neighborhood in Mount Pleasant are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 64.3% of the neighborhoods in America. In addition, 2.2% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 74.5% of America'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 Arrow / Enterprise neighborhood, 40.8% 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 24.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.8%), and 15.5% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Arrow / Enterprise neighborhood is English, spoken by 99.4% of households. Some people also speak Italian (2.3%).

Ethnicity / Ancestry

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 Arrow / Enterprise neighborhood in Mount Pleasant, TN, residents most commonly identify their ethnicity or ancestry as English (7.5%). There are also a number of people of German ancestry (6.5%), and residents who report Irish roots (4.3%), and some of the residents are also of Italian ancestry (2.7%), along with some Norwegian ancestry residents (1.2%), 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 Arrow / Enterprise neighborhood spend between 30 and 45 minutes commuting one-way to work (61.7% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (94.6%) 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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