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Real Estate Prices & Overview

Siloam Springs South median real estate price is $313,783, which is more expensive than 82.0% of the neighborhoods in Arkansas and 42.1% of the neighborhoods in the U.S.

The average rental price in Siloam Springs South is currently $1,745, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 86.5% of the neighborhoods in Arkansas.

Siloam Springs South is a rural neighborhood (based on population density) located in Siloam Springs, Arkansas.

Siloam Springs South real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Siloam Springs South neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Siloam Springs South has a 10.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 63.3% 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

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, 55.1% 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.

Diversity

Did you know that the Siloam Springs South neighborhood has more Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.7% of this neighborhood's residents have Haitian 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 Siloam Springs South neighborhood in Siloam Springs are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 41.8% of the neighborhoods in America. With 55.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 95.7% 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 Siloam Springs South neighborhood, 34.3% 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 32.1% of the residents employed. Other residents here are employed in executive, management, and professional occupations (22.7%), and 10.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Siloam Springs South neighborhood is English, spoken by 73.9% of households. Some people also speak Spanish (24.8%).

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 Siloam Springs South neighborhood in Siloam Springs, AR, residents most commonly identify their ethnicity or ancestry as Mexican (13.0%). There are also a number of people of English ancestry (6.3%), and residents who report Irish roots (5.7%), and some of the residents are also of German ancestry (5.4%), along with some Asian ancestry residents (4.5%), among others. In addition, 13.6% of the residents of this neighborhood were born in another country.

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 Siloam Springs South neighborhood spend under 15 minutes commuting one-way to work (54.9% of working residents), one of the shortest commutes across America.

Here most residents (78.0%) 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 (14.9%) . 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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