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Real Estate Prices & Overview

Central Ave / Marshalltown Dr median real estate price is $73,277, which is less expensive than 96.8% of Indiana neighborhoods and 97.8% of all U.S. neighborhoods.

The average rental price in Central Ave / Marshalltown Dr is currently $1,572, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 60.4% of the neighborhoods in Indiana.

Central Ave / Marshalltown Dr is a rural neighborhood (based on population density) located in Gary, Indiana.

Central Ave / Marshalltown Dr real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Central Ave / Marshalltown Dr neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in Central Ave / Marshalltown Dr. The current real estate vacancy rate here is 50.6%. This is higher than the rate of vacancies in 98.7% 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.

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.

Modes of Transportation

In the Central Ave / Marshalltown Dr neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 35.7% of commuters carpool here, which is more than in 99.5% of all U.S. neighborhoods.

People

One of the unique characteristics of the Central Ave / Marshalltown Dr neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 99.4% of the neighborhoods in America. The Central Ave / Marshalltown Dr neighborhood also has a greater percentage of children living in poverty (64.0%) 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, single parenting is hard. But you don't have to tell the Central Ave / Marshalltown Dr neighborhood about it; they already know. 24.9% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 98.8% 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.

Real Estate

Despite all of the residential real estate here in the Central Ave / Marshalltown Dr neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 50.6%, which is higher than 98.7% of all U.S. neighborhoods.

In addition, if you love row houses and attached homes, you will probably really like the Central Ave / Marshalltown Dr neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 24.9% of the residential real estate here is classified as row houses and attached homes.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Central Ave / Marshalltown Dr neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 96.4% of all American neighborhoods.

Diversity

Did you know that the Central Ave / Marshalltown Dr neighborhood has more Greek ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.1% of this neighborhood's residents have Greek ancestry.

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 Central Ave / Marshalltown Dr neighborhood in Gary are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.4% of U.S. neighborhoods. With 64.0% 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.

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 Central Ave / Marshalltown Dr neighborhood, 39.8% 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 37.4% of the residents employed. Other residents here are employed in executive, management, and professional occupations (18.0%), and 4.9% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Central Ave / Marshalltown Dr neighborhood is English, spoken by 93.7% of households. Some people also speak Spanish (3.0%).

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 Central Ave / Marshalltown Dr neighborhood in Gary, IN, residents most commonly identify their ethnicity or ancestry as Greek (5.1%). There are also a number of people of Italian ancestry (1.1%).

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 Central Ave / Marshalltown Dr neighborhood spend between 45 minutes and one hour commuting one-way to work (31.7% of working residents), longer and tougher than most commutes in America.

Here most residents (54.1%) 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 (35.7%) and 7.6% of residents also ride the bus 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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