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Real Estate Prices & Overview

Marlwood median real estate price is $293,616, which is more expensive than 46.4% of the neighborhoods in North Carolina and 38.5% of the neighborhoods in the U.S.

The average rental price in Marlwood is currently $2,125, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 66.8% of the neighborhoods in North Carolina.

Marlwood is a suburban neighborhood (based on population density) located in Charlotte, North Carolina.

Marlwood real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Marlwood 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.

Home and apartment vacancy rates are 6.1% in Marlwood. NeighborhoodScout analysis shows that this rate is lower than 59.4% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the Marlwood stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 80.7% of the residential real estate here was built in this one time period.

Diversity

Did you know that the Marlwood neighborhood has more Iranian and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.3% of this neighborhood's residents have Iranian ancestry and 10.6% have Sub-Saharan African ancestry.

Marlwood is also pretty special linguistically. Significantly, 2.7% of its residents five years old and above primarily speak Vietnamese at home. While this may seem like a small percentage, it is higher than 96.1% of the neighborhoods in America.

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 Marlwood neighborhood in Charlotte are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 77.5% of U.S. neighborhoods. With 14.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 58.6% of U.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 Marlwood neighborhood, 28.9% 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 27.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (26.0%), and 17.7% in clerical, assistant, and tech support occupations.

Languages

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 Marlwood neighborhood is English, spoken by 76.1% of households. Other important languages spoken here include Spanish and Vietnamese.

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 Marlwood neighborhood in Charlotte, NC, residents most commonly identify their ethnicity or ancestry as Asian (13.7%). There are also a number of people of Sub-Saharan African ancestry (10.6%), and residents who report German roots (3.9%), and some of the residents are also of English ancestry (2.3%), along with some Irish ancestry residents (2.0%), among others. In addition, 18.1% of the residents of this neighborhood were born in another country.

Getting to Work

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 Marlwood neighborhood spend between 15 and 30 minutes commuting one-way to work (34.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (64.0%) 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 (18.3%) . 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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