North Carolina State University at Raleigh median real estate price is $524,862, which is more expensive than 81.3% of the neighborhoods in North Carolina and 68.7% of the neighborhoods in the U.S.
The average rental price in North Carolina State University at Raleigh is currently $1,437, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 74.7% of North Carolina neighborhoods.
North Carolina State University at Raleigh is an urban neighborhood (based on population density) located in Raleigh, North Carolina.
North Carolina State University at Raleigh real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and mobile homes. Most of the residential real estate is renter occupied. Many of the residences in the North Carolina State University at Raleigh neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in North Carolina State University at Raleigh. The current real estate vacancy rate here is 18.2%. This is higher than the rate of vacancies in 84.1% 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.
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.
People
In a nation where 1 out of every 4 children lives in poverty, the North Carolina State University at Raleigh neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, one of the really interesting characteristics about the North Carolina State University at Raleigh neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 0.1% of college-friendly places to live in the state of North Carolina.
Also, an extraordinary 80.3% of the residents of the North Carolina State University at Raleigh neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.
Finally, an interesting characteristic about the North Carolina State University at Raleigh neighborhood is that there are more incarcerated people living here than 99.1% of neighborhoods in the U.S. The United States has the highest rate of incarceration in the world, currently with 1 out of every 100 adults in the country are incarcerated as a punishment for crimes committed. The extremely high incarceration rate of this neighborhood could mean that a prison, juvenile detention facility or other correctional facility occupies a large proportion of the neighborhood, or contains a large portion of the neighborhood's population.
Occupations
There are more people living in the North Carolina State University at Raleigh neighborhood employed as sales and service workers (32.7%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.
Furthermore, each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the North Carolina State University at Raleigh neighborhood truly stands out among U.S. neighborhoods. According to exclusive NeighborhoodScout analysis, this neighborhood has a greater proportion of farmers, foresters, or fishers than 96.9% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.
Modes of Transportation
In the North Carolina State University at Raleigh neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 41.2% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 99.6% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Also, more people in North Carolina State University at Raleigh choose to walk to work each day (16.3%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Real Estate
Renter-occupied real estate is dominant in the North Carolina State University at Raleigh neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 100.0%, which is higher than 99.3% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Migration / Stability
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the North Carolina State University at Raleigh neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.6% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
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 North Carolina State University at Raleigh neighborhood in Raleigh are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% of U.S. neighborhoods. In addition, 0.0% 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 100.0% 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 North Carolina State University at Raleigh neighborhood, 67.3% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 17.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (6.6%), and 5.1% in farming, forestry, or commercial fishing.
Languages
The most common language spoken in the North Carolina State University at Raleigh neighborhood is English, spoken by 92.7% of households. Some people also speak Spanish (4.3%).
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 North Carolina State University at Raleigh neighborhood in Raleigh, NC, residents most commonly identify their ethnicity or ancestry as Asian (3.6%). There are also a number of people of Irish ancestry (2.7%), and residents who report English roots (1.9%), and some of the residents are also of Norwegian ancestry (1.9%), along with some Swedish ancestry residents (1.7%), among others.
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 North Carolina State University at Raleigh neighborhood spend under 15 minutes commuting one-way to work (42.4% of working residents), one of the shortest commutes across America.
Here most residents (34.2%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (16.3%) and 5.8% of residents also ride the bus for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
