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Real Estate Prices & Overview

Grace Tuxedo Park / Near Eastside median real estate price is $83,415, which is less expensive than 93.5% of Indiana neighborhoods and 96.3% of all U.S. neighborhoods.

The average rental price in Grace Tuxedo Park / Near Eastside is currently $1,280, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 65.6% of Indiana neighborhoods.

Grace Tuxedo Park / Near Eastside is an urban neighborhood (based on population density) located in Indianapolis, Indiana.

Grace Tuxedo Park / Near Eastside real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Grace Tuxedo Park / Near Eastside neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Grace Tuxedo Park / Near Eastside has a 13.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 74.5% 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 Indianapolis, the Grace Tuxedo Park / Near Eastside neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

More people work in manufacturing and as laborers here in the Grace Tuxedo Park / Near Eastside neighborhood than in 99.3% 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.

People

One of the most interesting things about the Grace Tuxedo Park / Near Eastside neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 59.8% 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 98.8% of the neighborhoods in America.

In addition, the Grace Tuxedo Park / Near Eastside neighborhood stands out for having an average per capita income lower than 95.2% of the neighborhoods in the United States.

Real Estate

If you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 67.0% of the residential real estate in the Grace Tuxedo Park / Near Eastside neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 98.0% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

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 Grace Tuxedo Park / Near Eastside neighborhood in Indianapolis are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.2% of U.S. neighborhoods. With 21.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 70.2% 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 Grace Tuxedo Park / Near Eastside neighborhood, 52.7% of the working population is employed in manufacturing and laborer 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 26.2% of the residents employed. Other residents here are employed in executive, management, and professional occupations (12.8%), and 8.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Grace Tuxedo Park / Near Eastside neighborhood is English, spoken by 86.2% of households. Some people also speak Spanish (13.3%).

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 Grace Tuxedo Park / Near Eastside neighborhood in Indianapolis, IN, residents most commonly identify their ethnicity or ancestry as Mexican (14.0%). There are also a number of people of German ancestry (9.4%), and residents who report Irish roots (4.4%), and some of the residents are also of English ancestry (3.9%), along with some Scottish ancestry residents (2.8%), among others. In addition, 11.8% of the residents of this neighborhood were born in another country.

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 Grace Tuxedo Park / Near Eastside neighborhood spend between 15 and 30 minutes commuting one-way to work (47.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (77.4%) 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 (16.9%) . 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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