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Real Estate Prices & Overview

Chalybeate / Laurelburg median real estate price is $176,724, which is less expensive than 81.9% of Tennessee neighborhoods and 83.2% of all U.S. neighborhoods.

The average rental price in Chalybeate / Laurelburg is currently $1,198, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 91.6% of Tennessee neighborhoods.

Chalybeate / Laurelburg is a remote neighborhood (based on population density) located in Spencer, Tennessee.

Chalybeate / Laurelburg 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 owner occupied. Many of the residences in the Chalybeate / Laurelburg 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.

Chalybeate / Laurelburg has a 14.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 75.7% 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

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

Divorcees may find friendship and understanding in this neighborhood, as 22.2% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 97.8% of the neighborhoods in America.

Real Estate

The real estate in this neighborhood consists of more mobile homes than 96.9% of all neighborhoods in America, with 36.0% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.

In addition, uncrowded roads, rural America and space to be the individual you are. If you like these characteristics, this neighborhood may fit you. With just 17 residents per square mile, Chalybeate / Laurelburg is less crowded than 95.5% of all U.S. neighborhoods. One of the notable things about Chalybeate / Laurelburg is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Chalybeate / Laurelburg neighborhood has a highly unusual pattern of car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 35.3% of the households here have four, five, or more cars. That is more cars per household than in 96.2% of the neighborhoods in the nation.

Occupations

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Chalybeate / Laurelburg neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 13.6% of its workforce, this neighborhood has a greater concentration of government workers than 96.0% of U.S. neighborhoods.

Diversity

Did you know that the Chalybeate / Laurelburg neighborhood has more Swiss and Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.4% of this neighborhood's residents have Swiss ancestry and 6.3% have Scots-Irish ancestry.

Chalybeate / Laurelburg is also pretty special linguistically. Significantly, 8.0% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 99.5% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Chalybeate / Laurelburg neighborhood in Spencer are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 87.7% of U.S. neighborhoods. With 12.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 54.6% 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 Chalybeate / Laurelburg neighborhood, 41.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 25.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (23.5%), and 13.6% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Chalybeate / Laurelburg neighborhood is English, spoken by 90.3% of households. Some people also speak German/Yiddish (8.0%).

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 Chalybeate / Laurelburg neighborhood in Spencer, TN, residents most commonly identify their ethnicity or ancestry as German (11.3%). There are also a number of people of English ancestry (10.4%), and residents who report Irish roots (10.2%), and some of the residents are also of Scots-Irish ancestry (6.3%), along with some Swiss ancestry residents (4.4%), 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 Chalybeate / Laurelburg neighborhood spend between 45 minutes and one hour commuting one-way to work (35.5% of working residents), longer and tougher than most commutes in America.

Here most residents (82.5%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (7.1%) and 5.1% of residents also carpool with coworkers, friends, or neighbors for their daily commute. 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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