Institute median real estate price is $250,339, which is more expensive than 33.1% of the neighborhoods in North Carolina and 28.7% of the neighborhoods in the U.S.
The average rental price in Institute is currently $1,241, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 84.7% of North Carolina neighborhoods.
Institute is a rural neighborhood (based on population density) located in La Grange, North Carolina.
Institute real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Institute neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
In Institute, the current vacancy rate is 2.3%, which is a lower rate of vacancies than 83.5% of all neighborhoods in the U.S. This means that the housing supply in Institute is very tight compared to the demand for property here.
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.
Our research reveals that 95.4% of commuters who live in the Institute neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 99.7% of U.S. neighborhoods.
Did you know that the Institute neighborhood has more Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.3% of this neighborhood's residents have Austrian 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 Institute neighborhood in La Grange are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 89.7% of U.S. neighborhoods. In addition, 5.3% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 63.1% of America'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 Institute neighborhood, 32.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 28.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.8%), and 17.7% in clerical, assistant, and tech support occupations.
The most common language spoken in the Institute neighborhood is English, spoken by 92.8% of households. Some people also speak Spanish (6.6%).
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 Institute neighborhood in La Grange, NC, residents most commonly identify their ethnicity or ancestry as English (15.3%). There are also a number of people of Mexican ancestry (5.9%), and residents who report German roots (5.4%), and some of the residents are also of Irish ancestry (5.0%), along with some Sub-Saharan African ancestry residents (3.2%), among others.
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 Institute neighborhood spend between 15 and 30 minutes commuting one-way to work (39.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (95.4%) 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.