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Real Estate Prices & Overview

Anchor Mill / Elbethel median real estate price is $406,232, which is more expensive than 67.4% of the neighborhoods in Tennessee and 53.9% of the neighborhoods in the U.S.

The average rental price in Anchor Mill / Elbethel is currently $2,078, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 68.9% of the neighborhoods in Tennessee.

Anchor Mill / Elbethel is a rural neighborhood (based on population density) located in Shelbyville, Tennessee.

Anchor Mill / Elbethel 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 Anchor Mill / Elbethel neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

In Anchor Mill / Elbethel, the current vacancy rate is 2.4%, which is a lower rate of vacancies than 84.2% of all neighborhoods in the U.S. This means that the housing supply in Anchor Mill / Elbethel is very tight compared to the demand for property here.

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.

Modes of Transportation

In the Anchor Mill / Elbethel neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 23.6% of commuters carpool here, which is more than in 96.3% of all U.S. neighborhoods.

Diversity

Did you know that the Anchor Mill / Elbethel neighborhood has more Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.5% of this neighborhood's residents have Arab 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 Anchor Mill / Elbethel neighborhood in Shelbyville are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 85.6% of U.S. neighborhoods. With 32.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 83.7% 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 Anchor Mill / Elbethel neighborhood, 40.8% 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 28.7% of the residents employed. Other residents here are employed in executive, management, and professional occupations (18.2%), and 12.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Anchor Mill / Elbethel neighborhood is English, spoken by 87.3% of households. Some people also speak Spanish (11.2%).

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 Anchor Mill / Elbethel neighborhood in Shelbyville, TN, residents most commonly identify their ethnicity or ancestry as Irish (15.0%). There are also a number of people of Mexican ancestry (10.1%), and residents who report German roots (7.0%), and some of the residents are also of English ancestry (6.7%), along with some Arab ancestry residents (4.5%), among others.

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 Anchor Mill / Elbethel neighborhood spend under 15 minutes commuting one-way to work (38.9% of working residents), one of the shortest commutes across America.

Here most residents (71.9%) 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 (23.6%) . 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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