Silk Hope median real estate price is $398,328, which is more expensive than 65.8% of the neighborhoods in North Carolina and 54.2% of the neighborhoods in the U.S.
The average rental price in Silk Hope is currently $2,189, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.4% of the neighborhoods in North Carolina.
Silk Hope is a remote neighborhood (based on population density) located in Pittsboro, North Carolina.
Silk Hope 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 Silk Hope neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Silk Hope. The current real estate vacancy rate here is 16.3%. This is higher than the rate of vacancies in 80.7% 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.
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 Pittsboro, the Silk Hope neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Of particular note, 2.7% of the people in the Silk Hope neighborhood currently reside in a correction facility, held due to punishment for a crime.
In addition, if you're planning where to retire, the Silk Hope neighborhood in Pittsboro is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in NC, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 88.9% of the neighborhoods in North Carolina. If you are considering retiring to North Carolina, this is a good neighborhood to look at.
In the Silk Hope neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 22.6% of commuters carpool here, which is more than in 95.5% of all U.S. neighborhoods.
Did you know that the Silk Hope neighborhood has more French and Danish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.3% of this neighborhood's residents have French ancestry and 1.8% have Danish ancestry.
Silk Hope is also pretty special linguistically. Significantly, 2.1% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 96.6% of the neighborhoods in America.
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 Silk Hope neighborhood in Pittsboro are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 46.0% of the neighborhoods in America. In addition, 9.2% 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 52.6% 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 Silk Hope neighborhood, 51.3% of the working population is employed in executive, management, and professional 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 23.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.6%), and 5.2% in clerical, assistant, and tech support occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Silk Hope neighborhood is English, spoken by 93.3% of households. Other important languages spoken here include Spanish, Polish and German/Yiddish.
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 Silk Hope neighborhood in Pittsboro, NC, residents most commonly identify their ethnicity or ancestry as English (12.0%). There are also a number of people of French ancestry (8.3%), and residents who report German roots (7.7%), and some of the residents are also of Italian ancestry (7.1%), along with some Irish ancestry residents (4.9%), 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 Silk Hope neighborhood spend between 15 and 30 minutes commuting one-way to work (41.0% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (58.0%) 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 (22.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.