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Real Estate Prices & Overview

Morgantown median real estate price is $124,408, which is less expensive than 72.3% of Mississippi neighborhoods and 91.2% of all U.S. neighborhoods.

The average rental price in Morgantown is currently $1,119, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 83.2% of Mississippi neighborhoods.

Morgantown is a rural neighborhood (based on population density) located in Natchez, Mississippi.

Morgantown real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Morgantown neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Morgantown has a 14.9% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 77.7% 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.

Modes of Transportation

While most Americans do drive to work alone each day, the Morgantown neighborhood stands out by having 95.8% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 99.6% of all American neighborhoods.

People

The Morgantown neighborhood stands out for having an average per capita income lower than 99.1% of the neighborhoods in the United States. The Morgantown neighborhood also has a greater percentage of children living in poverty (53.4%) than found in 95.2% 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.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Morgantown neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Morgantown neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 69.0% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 98.3% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Occupations

There are more people living in the Morgantown neighborhood employed as sales and service workers (57.8%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Furthermore, 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 Morgantown neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 14.9% of its workforce, this neighborhood has a greater concentration of government workers than 97.0% of U.S. neighborhoods.

Diversity

Did you know that the Morgantown neighborhood has more African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.4% of this neighborhood's residents have African 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 Morgantown neighborhood in Natchez are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.1% of U.S. neighborhoods. With 53.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 95.2% 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 Morgantown neighborhood, 42.2% 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 executive, management, and professional occupations, with 28.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.0%), and 14.9% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Morgantown neighborhood is English, spoken by 97.2% of households. Some people also speak Spanish (2.8%).

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 Morgantown neighborhood in Natchez, MS, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (7.4%). There are also a number of people of African ancestry (7.4%), and residents who report Irish roots (3.1%), and some of the residents are also of Dominican ancestry (2.3%), along with some English ancestry residents (1.7%), 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 Morgantown neighborhood spend under 15 minutes commuting one-way to work (69.0% of working residents), one of the shortest commutes across America.

Here most residents (95.8%) drive alone in a private automobile to get to work. 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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