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Real Estate Prices & Overview

Carroll St / 1st Ave S median real estate price is $388,102, which is more expensive than 72.1% of the neighborhoods in Tennessee and 56.5% of the neighborhoods in the U.S.

The average rental price in Carroll St / 1st Ave S is currently $168, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 100.0% of Tennessee neighborhoods.

Carroll St / 1st Ave S is a densely urban neighborhood (based on population density) located in Nashville, Tennessee.

Carroll St / 1st Ave S real estate is primarily made up of small (studio to two bedroom) to large (four, five or more bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Carroll St / 1st Ave S neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in Carroll St / 1st Ave S are 4.2%, which is lower than one will find in 72.0% of American neighborhoods. Demand for real estate in Carroll St / 1st Ave S is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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 Nashville, the Carroll St / 1st Ave S neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

NeighborhoodScout's exclusive research revealed that 100.0% of the adult residents in the Carroll St / 1st Ave S neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 100.0% of the neighborhoods in America.

In addition, single parenting is hard. But you don't have to tell the Carroll St / 1st Ave S neighborhood about it; they already know. 64.7% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 100.0% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

Also, one of the unique characteristics of the Carroll St / 1st Ave S neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 99.6% of the neighborhoods in America. The Carroll St / 1st Ave S neighborhood also has a greater percentage of children living in poverty (80.2%) than found in 99.4% 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.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 99.9% of U.S. neighborhoods.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Carroll St / 1st Ave S neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 99.9% of all American neighborhoods.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Carroll St / 1st Ave S neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 19.8% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 99.5% of all neighborhoods in America.

Real Estate

100.0% of the real estate in the Carroll St / 1st Ave S neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

In addition, one of the really unique and interesting things about the look and setting of the Carroll St / 1st Ave S neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 96.3% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 99.3% of all neighborhoods in America.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Carroll St / 1st Ave S neighborhood buck this trend. 57.7% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.1% of U.S. neighborhoods.

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 Carroll St / 1st Ave S neighborhood in Nashville are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.6% of U.S. neighborhoods. With 80.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.4% 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 Carroll St / 1st Ave S neighborhood, 63.1% 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 36.9% of the residents employed.

Languages

The most common language spoken in the Carroll St / 1st Ave S neighborhood is English, spoken by 100.0% of households.

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 Carroll St / 1st Ave S neighborhood in Nashville, TN, residents most commonly identify their ethnicity or ancestry as Irish (9.7%).

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 Carroll St / 1st Ave S neighborhood spend between 15 and 30 minutes commuting one-way to work (73.9% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (19.8%) who commute over an hour in each direction.

Here most residents (43.2%) ride the bus to get to work. In addition, quite a number also drive alone in a private automobile to get to work (42.3%) and 14.4% of residents also carpool with coworkers, friends, or neighbors for their daily commute. The bus provides a valuable service in the Carroll St / 1st Ave S neighborhood of Nashville by getting a lot of residents to and from work daily, reducing the costs of commuting and reducing some congestion on the roads as well.


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