Varsity Dr / Fraternity Ct W median real estate price is $523,919, which is more expensive than 81.2% of the neighborhoods in North Carolina and 68.7% of the neighborhoods in the U.S.
The average rental price in Varsity Dr / Fraternity Ct W is currently $1,907, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 44.4% of North Carolina neighborhoods.
Varsity Dr / Fraternity Ct W is a densely urban neighborhood (based on population density) located in Raleigh, North Carolina.
Varsity Dr / Fraternity Ct W 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Varsity Dr / Fraternity Ct W 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 Varsity Dr / Fraternity Ct W. The current real estate vacancy rate here is 22.2%. This is higher than the rate of vacancies in 89.4% 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 Raleigh, the Varsity Dr / Fraternity Ct W neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Renter-occupied real estate is dominant in the Varsity Dr / Fraternity Ct W neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 98.4%, which is higher than 98.8% 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.
An extraordinary 28.0% of the residents of the Varsity Dr / Fraternity Ct W 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.
In addition, the Varsity Dr / Fraternity Ct W neighborhood stands out for having an average per capita income lower than 97.9% of the neighborhoods in the United States.
Also, one of the really interesting characteristics about the Varsity Dr / Fraternity Ct W 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 2.3% of college-friendly places to live in the state of North Carolina.
Our research revealed that more commuters here take the bus to work (17.0% ride the bus) than 97.9% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.
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 Varsity Dr / Fraternity Ct W neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.9% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas. What is also interesting to note, is that the Varsity Dr / Fraternity Ct W neighborhood has a greater percentage of residents born in another country (45.9%) than are found in 96.4% of all U.S. neighborhoods.
Did you know that the Varsity Dr / Fraternity Ct W neighborhood has more Asian and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 34.0% of this neighborhood's residents have Asian ancestry and 3.2% have Arab ancestry.
Varsity Dr / Fraternity Ct W is also pretty special linguistically. Significantly, 14.0% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 99.7% 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 Varsity Dr / Fraternity Ct W 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 97.9% of U.S. neighborhoods. With 22.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 72.5% of U.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 Varsity Dr / Fraternity Ct W neighborhood, 50.0% 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 32.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.1%), and 3.6% 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 Varsity Dr / Fraternity Ct W neighborhood is English, spoken by 54.5% of households. Other important languages spoken here include Langs. of India, Spanish and Chinese.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Varsity Dr / Fraternity Ct W neighborhood in Raleigh, NC, residents most commonly identify their ethnicity or ancestry as Asian (34.0%). There are also a number of people of English ancestry (5.6%), and residents who report Irish roots (5.6%), and some of the residents are also of South American ancestry (4.0%), along with some Mexican ancestry residents (3.5%), among others. In addition, 45.9% of the residents of this neighborhood were born in another country.
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 Varsity Dr / Fraternity Ct W neighborhood spend between 15 and 30 minutes commuting one-way to work (44.3% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (41.8%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (17.0%) and 9.0% of residents also carpool with coworkers, friends, or neighbors 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.