Walters median real estate price is $75,500, which is less expensive than 90.9% of Mississippi neighborhoods and 97.5% of all U.S. neighborhoods.
The average rental price in Walters is currently $588, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 99.7% of Mississippi neighborhoods.
Walters is a rural neighborhood (based on population density) located in Laurel, Mississippi.
Walters 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 Walters neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Walters. The current real estate vacancy rate here is 18.2%. This is higher than the rate of vacancies in 84.2% 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.
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 Laurel, the Walters neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Our research reveals that 94.9% of commuters who live in the Walters neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 99.4% of U.S. neighborhoods.
NeighborhoodScout's exclusive research identifies the Walters neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 51.5% of its working residents employed in such fields, which is a higher proportion than 99.2% of American neighborhoods.
The Walters neighborhood stands out for having an average per capita income lower than 99.1% of the neighborhoods in the United States. The Walters neighborhood also has a greater percentage of children living in poverty (64.5%) than found in 97.7% 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.
In addition, of particular note, 3.2% of the people in the Walters neighborhood currently reside in a correction facility, held due to punishment for a crime.
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 Walters neighborhood in Laurel are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.1% of U.S. neighborhoods. With 64.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.7% 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 Walters neighborhood, 51.5% 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 30.5% of the residents employed. Other residents here are employed in executive, management, and professional occupations (13.7%), and 5.5% in government jobs, whether they are in local, state, or federal positions.
The most common language spoken in the Walters neighborhood is English, spoken by 99.4% of households.
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 Walters neighborhood in Laurel, MS, residents most commonly identify their ethnicity or ancestry as Irish (3.0%). There are also a number of people of Sub-Saharan African ancestry (1.9%), and residents who report African roots (1.9%), and some of the residents are also of Italian ancestry (1.6%), along with some French ancestry residents (1.1%), among others.
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 Walters neighborhood spend between 15 and 30 minutes commuting one-way to work (67.1% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (94.9%) 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.