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Real Estate Prices & Overview

Median real estate price in the Town Center of Ferriday is $82,150, which is less expensive than 90.8% of Louisiana neighborhoods and 95.9% of all U.S. neighborhoods.

The average rental price in Ferriday Town Center is currently $1,238, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 63.2% of Louisiana neighborhoods.

Ferriday Town Center is a rural neighborhood (based on population density) located in Ferriday, Louisiana.

Real estate in the Town Center of Ferriday, LA is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Town Center 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 Ferriday Town Center. The current real estate vacancy rate here is 33.3%. This is higher than the rate of vacancies in 96.2% 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

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 Ferriday, the Town Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

The Ferriday Town Center neighborhood stands out for having an average per capita income lower than 98.5% of the neighborhoods in the United States. Also of note, 93.0% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

Modes of Transportation

Our research reveals that 92.6% of commuters who live in the Ferriday Town Center neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 98.9% of U.S. neighborhoods.

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 Ferriday Town Center neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 15.5% of its workforce, this neighborhood has a greater concentration of government workers than 97.5% of U.S. neighborhoods.

Furthermore, from major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Ferriday Town Center neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 96.9% of all American neighborhoods.

In addition, more people work in manufacturing and as laborers here in the Ferriday Town Center neighborhood than in 95.9% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Real Estate

Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 33.3% of the residential real estate vacant, the Ferriday Town Center neighborhood claims the distinction of having a higher vacancy rate than 96.2% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

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 Town Center neighborhood in Ferriday are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 98.5% of U.S. neighborhoods. With 93.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.8% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Ferriday Town Center neighborhood, 42.5% 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 40.1% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (15.5%), and 11.3% in executive, management, and professional occupations.

Languages

The most common language spoken in the Ferriday Town Center neighborhood is English, spoken by 100.0% of households. Some people also speak Italian (2.6%).

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 Town Center neighborhood in Ferriday, LA, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (8.0%). There are also a number of people of French ancestry (3.2%), and residents who report Irish roots (2.8%), and some of the residents are also of Italian ancestry (2.3%), along with some English ancestry residents (2.0%), 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 Ferriday Town Center neighborhood spend under 15 minutes commuting one-way to work (46.4% of working residents), one of the shortest commutes across America.

Here most residents (92.6%) 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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