Memorial Park median real estate price is $139,621, which is less expensive than 78.9% of Indiana neighborhoods and 88.5% of all U.S. neighborhoods.
The average rental price in Memorial Park is currently $1,829, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 78.4% of the neighborhoods in Indiana.
Memorial Park is a suburban neighborhood (based on population density) located in Hammond, Indiana.
Memorial Park 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 Memorial Park neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Home and apartment vacancy rates are 7.1% in Memorial Park. NeighborhoodScout analysis shows that this rate is lower than 53.0% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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 Hammond, the Memorial Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Did you know that the Memorial Park neighborhood has more African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 9.0% of this neighborhood's residents have African ancestry.
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 Memorial Park neighborhood in Hammond are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 92.6% of U.S. neighborhoods. With 52.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 94.9% 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 Memorial Park neighborhood, 33.3% 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 25.4% of the residents employed. Other residents here are employed in executive, management, and professional occupations (23.8%), and 17.5% in clerical, assistant, and tech support occupations.
The most common language spoken in the Memorial Park neighborhood is English, spoken by 77.5% of households. Some people also speak Spanish (22.1%).
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 Memorial Park neighborhood in Hammond, IN, residents most commonly identify their ethnicity or ancestry as Mexican (18.6%). There are also a number of people of Sub-Saharan African ancestry (9.0%), and residents who report African roots (9.0%), and some of the residents are also of Puerto Rican ancestry (5.7%), along with some German ancestry residents (1.8%), 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 Memorial Park neighborhood spend between 15 and 30 minutes commuting one-way to work (48.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (77.6%) 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 (11.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.