About Wilmington, NC (Downtown Wilmington) Real Estate Prices and Overview Downtown Wilmington median real estate price is $666,793, which is more expensive than 89.8% of the neighborhoods in North Carolina and 77.6% of the neighborhoods in the U.S. The average rental price in Downtown Wilmington is currently $2,495, based on 蘑菇视频's exclusive analysis. The average rental cost in this neighborhood is higher than 80.9% of the neighborhoods in North Carolina. Downtown Wilmington is a suburban neighborhood (based on population density) located in Wilmington, North Carolina. Downtown Wilmington 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Downtown Wilmington neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 2000 and the present. Vacant apartments or homes are a major fact of life in Downtown Wilmington. The current real estate vacancy rate here is 22.6%. This is higher than the rate of vacancies in 90.4% 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. Notable & Unique Neighborhood Characteristics Notable & Unique: Modes of Transportation A unique way of commuting is simply not to. And in the Downtown Wilmington neighborhood, analysis shows that 39.1% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 98.8% of the neighborhoods in the United States. One thing 蘑菇视频's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home. Also, more people in Downtown Wilmington choose to walk to work each day (10.9%) 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. Notable & Unique: People The types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. 蘑菇视频's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 57.8%. This is a higher percent living alone than we found in 98.3% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse. Notable & Unique: Real Estate The Downtown Wilmington neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 84.9% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic. Notable & Unique: Diversity Did you know that the Downtown Wilmington neighborhood has more Yugoslav and Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.8% of this neighborhood's residents have Yugoslav ancestry and 3.8% have Scots-Irish ancestry. Downtown Wilmington is also pretty special linguistically. Significantly, 2.6% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 99.5% of the neighborhoods in America. The Neighbors: Income 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 Downtown Wilmington neighborhood in Wilmington are middle-income, making it a moderate income neighborhood. 蘑菇视频's exclusive analysis reveals that this neighborhood has a higher income than 44.8% of the neighborhoods in America. With 16.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 63.4% of U.S. neighborhoods. The Neighbors: Occupations 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 Downtown Wilmington neighborhood, 64.5% 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 24.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (5.6%), and 4.9% in clerical, assistant, and tech support occupations. The Neighbors: 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 Downtown Wilmington neighborhood is English, spoken by 92.0% of households. Other important languages spoken here include Spanish, Italian and Greek. The Neighbors: Ethnicity / Ancestry 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 Downtown Wilmington neighborhood in Wilmington, NC, residents most commonly identify their ethnicity or ancestry as German (20.6%). There are also a number of people of Irish ancestry (19.4%), and residents who report English roots (10.8%), and some of the residents are also of Italian ancestry (6.6%), along with some Polish ancestry residents (6.0%), among others. Getting to Work 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 Downtown Wilmington neighborhood spend between 15 and 30 minutes commuting one-way to work (46.2% of working residents), which is shorter than the time spent commuting to work for most Americans. Here most residents (49.7%) 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 (10.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.