Erlanger median real estate price is $140,897, which is less expensive than 91.1% of North Carolina neighborhoods and 90.0% of all U.S. neighborhoods.
The average rental price in Erlanger is currently $1,070, based on 蘑菇视频's exclusive analysis. Rents here are currently lower in price than 94.3% of North Carolina neighborhoods.
Erlanger is a rural neighborhood (based on population density) located in Lexington, North Carolina.
Erlanger 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 Erlanger 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 Erlanger. The current real estate vacancy rate here is 18.5%. This is higher than the rate of vacancies in 85.6% 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 Lexington, the Erlanger neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
More people work in manufacturing and as laborers here in the Erlanger neighborhood than in 97.7% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.
In the Erlanger neighborhood, walking to work is a real option for many. In fact, 蘑菇视频's exclusive research reveals walking to and from work is the chosen way to commute for 14.7% of residents here. This is a higher proportion of walking commuters than we found in 97.1% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Did you know that the Erlanger neighborhood has more Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 13.4% of this neighborhood's residents have Scottish ancestry.
Erlanger is also pretty special linguistically. Significantly, 1.2% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 99.0% 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 Erlanger neighborhood in Lexington are low income, making it among the lowest income neighborhoods in America. 蘑菇视频's research shows that this neighborhood has an income lower than 89.3% of U.S. neighborhoods. With 18.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 67.5% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Erlanger neighborhood, 45.9% of the working population is employed in manufacturing and laborer 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 23.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.5%), and 13.4% in executive, management, and professional occupations.
The most common language spoken in the Erlanger neighborhood is English, spoken by 86.3% of households. Some people also speak Spanish (11.0%).
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 鈥� some more unique than others 鈥� based on lifestyle, occupations, the types of households 鈥� and importantly 鈥� 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 Erlanger neighborhood in Lexington, NC, residents most commonly identify their ethnicity or ancestry as Scottish (13.4%). There are also a number of people of English ancestry (13.4%), and residents who report Mexican roots (11.1%), and some of the residents are also of Irish ancestry (5.9%), along with some Asian ancestry residents (4.4%), 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 Erlanger neighborhood spend under 15 minutes commuting one-way to work (49.0% of working residents), one of the shortest commutes across America.
Here most residents (59.8%) 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 (17.8%) and 14.7% of residents also hop out the door and walk to work 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.
SCOUT鈥檚 patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.