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Real Estate Prices & Overview

Monroe South median real estate price is $355,670, which is more expensive than 59.9% of the neighborhoods in North Carolina and 49.0% of the neighborhoods in the U.S.

The average rental price in Monroe South is currently $1,768, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 51.4% of North Carolina neighborhoods.

Monroe South is a rural neighborhood (based on population density) located in Monroe, North Carolina.

Monroe South 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 Monroe South neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Monroe South are 4.6%, which is lower than one will find in 69.3% of American neighborhoods. Demand for real estate in Monroe South is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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.

The Neighbors

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 Monroe South neighborhood in Monroe are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 65.2% of U.S. neighborhoods. In addition, 7.4% 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 57.5% of America'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 Monroe South neighborhood, 36.5% 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 28.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (25.3%), and 9.4% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Monroe South neighborhood is English, spoken by 77.2% of households. Some people also speak Spanish (21.5%).

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 Monroe South neighborhood in Monroe, NC, residents most commonly identify their ethnicity or ancestry as Mexican (19.2%). There are also a number of people of English ancestry (6.9%), and residents who report German roots (4.1%), and some of the residents are also of Sub-Saharan African ancestry (3.4%), along with some French ancestry residents (2.9%), among others. In addition, 13.8% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Monroe South neighborhood spend under 15 minutes commuting one-way to work (36.9% of working residents), one of the shortest commutes across America.

Here most residents (87.4%) 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 (7.8%) . 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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