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Real Estate Prices & Overview

Romona / Southport median real estate price is $212,920, which is more expensive than 44.5% of the neighborhoods in Indiana and 23.9% of the neighborhoods in the U.S.

The average rental price in Romona / Southport is currently $1,028, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 93.9% of Indiana neighborhoods.

Romona / Southport is a rural neighborhood (based on population density) located in Spencer, Indiana.

Romona / Southport 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 Romona / Southport neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.

Romona / Southport has a 12.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 71.6% 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 Spencer, the Romona / Southport neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

There is an especially high percentage of incarcerated people (1.5%) living in the Romona / Southport neighborhood.

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 Romona / Southport neighborhood in Spencer are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 75.3% of U.S. neighborhoods. With 10.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 50.6% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Romona / Southport neighborhood, 32.7% 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 31.3% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (22.0%), and 13.0% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Romona / Southport neighborhood is English, spoken by 99.3% of households. Some people also speak Italian (2.1%).

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 Romona / Southport neighborhood in Spencer, IN, residents most commonly identify their ethnicity or ancestry as German (16.0%). There are also a number of people of Irish ancestry (11.7%), and residents who report English roots (11.3%), and some of the residents are also of Scottish ancestry (2.2%), along with some Asian ancestry residents (2.1%), 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 Romona / Southport neighborhood spend under 15 minutes commuting one-way to work (37.6% of working residents), one of the shortest commutes across America.

Here most residents (79.0%) 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 (12.2%) . 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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