This is a sappy song with a heart felt series of verses, and a gumptious elaborate arrangement of strings and stuff on the chorus.
But there is detail and structure and melody here that make it a great song. Not a riff song, not a rock song, but a pop song that expands people’s horizons rather than shuts them down. It’s a song that addresses adult concerns (who lives where, and why) rather than adolescent ones (who grinds where).
That isn’t rock, but it is a bit rockish in that whole Rambling Boy idea. Feel free to search for all the alternative versions on YouTube. They all help explain how a simple story became a trope. And how songwriting transcends genre. This is a song that is a short story. Or an anecdote. Or both.