Five Points South / University of Alabama at Birmingham median real estate price is $512,338, which is more expensive than 93.6% of the neighborhoods in Alabama and 66.6% of the neighborhoods in the U.S.
The average rental price in Five Points South / University of Alabama at Birmingham is currently $2,565, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 94.0% of the neighborhoods in Alabama.
Five Points South / University of Alabama at Birmingham is a suburban neighborhood (based on population density) located in Birmingham, Alabama.
Five Points South / University of Alabama at Birmingham 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 townhomes. Most of the residential real estate is renter occupied. Many of the residences in the Five Points South / University of Alabama at Birmingham 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 Five Points South / University of Alabama at Birmingham. The current real estate vacancy rate here is 25.8%. This is higher than the rate of vacancies in 92.4% 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.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
Real Estate
The real estate in the Five Points South / University of Alabama at Birmingham neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 98.0% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.6% of American neighborhoods.
In addition, the Five Points South / University of Alabama at Birmingham neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 92.2% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Furthermore, 90.8% of the real estate in the Five Points South / University of Alabama at Birmingham neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
People
One of the most interesting things about the Five Points South / University of Alabama at Birmingham neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 67.2% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 99.6% of the neighborhoods in America.
In addition, the Five Points South / University of Alabama at Birmingham neighborhood has a greater percentage of children living in poverty (83.5%) than found in 99.5% 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.
Also, if knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Five Points South / University of Alabama at Birmingham neighborhood, where 54.0% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 99.5% of the neighborhoods in America.
Modes of Transportation
More people in Five Points South / University of Alabama at Birmingham choose to walk to work each day (39.1%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Car Ownership
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Five Points South / University of Alabama at Birmingham neighborhood has a highly unusual pattern of car ownership. 26.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.7% of U.S. neighborhoods.
Length of Commute
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Five Points South / University of Alabama at Birmingham neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 58.1% 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 95.4% of U.S. neighborhoods. Less time commuting means more time for other things in life.
Migration / Stability
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Five Points South / University of Alabama at Birmingham neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 97.1% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Diversity
Significantly, 7.7% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 97.0% of the neighborhoods in America.
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 Five Points South / University of Alabama at Birmingham neighborhood in Birmingham are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 83.5% of U.S. neighborhoods. With 83.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.5% 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 Five Points South / University of Alabama at Birmingham neighborhood, 66.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 19.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (8.1%), and 6.0% in manufacturing and laborer occupations.
Languages
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Five Points South / University of Alabama at Birmingham neighborhood is English, spoken by 72.0% of households. Other important languages spoken here include Chinese and Spanish.
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 Five Points South / University of Alabama at Birmingham neighborhood in Birmingham, AL, residents most commonly identify their ethnicity or ancestry as Asian (18.6%). There are also a number of people of Irish ancestry (6.7%), and residents who report German roots (5.1%), and some of the residents are also of Puerto Rican ancestry (3.8%), along with some English ancestry residents (3.2%), among others. In addition, 18.3% 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 Five Points South / University of Alabama at Birmingham neighborhood spend under 15 minutes commuting one-way to work (58.1% of working residents), one of the shortest commutes across America.
Here most residents (52.6%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (39.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
