Valley Forge median real estate price is $114,740, which is less expensive than 93.5% of Tennessee neighborhoods and 93.6% of all U.S. neighborhoods.
The average rental price in Valley Forge is currently $1,473, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 65.3% of Tennessee neighborhoods.
Valley Forge is a suburban neighborhood (based on population density) located in Memphis, Tennessee.
Valley Forge real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Valley Forge neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Home and apartment vacancy rates are 8.3% in Valley Forge. NeighborhoodScout analysis shows that this rate is lower than 45.2% 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 Memphis, the Valley Forge neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Did you know that the Valley Forge neighborhood has more African and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.0% of this neighborhood's residents have African ancestry and 10.7% have Sub-Saharan African ancestry.
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 Valley Forge neighborhood in Memphis are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 83.6% of U.S. neighborhoods. With 32.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 83.9% 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 Valley Forge neighborhood, 38.8% 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 27.2% of the residents employed. Other residents here are employed in executive, management, and professional occupations (18.0%), and 16.0% in clerical, assistant, and tech support occupations.
The most common language spoken in the Valley Forge neighborhood is English, spoken by 97.0% of households. Some people also speak Spanish (3.0%).
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Valley Forge neighborhood in Memphis, TN, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (10.7%). There are also a number of people of African ancestry (6.0%), and residents who report Mexican roots (2.8%).
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 Valley Forge neighborhood spend between 15 and 30 minutes commuting one-way to work (69.8% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (75.5%) 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 (16.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.