Real Estate Prices and Overview
Rea Rd / Pineville Matthews Rd median real estate prices are $305,113, which is more expensive than 93.2% of the neighborhoods
in North Carolina and 78.6% of the
neighborhoods in the U.S.
Average rental prices in Rea Rd / Pineville Matthews Rd are currently
$733, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 71.3%
of the neighborhoods in North Carolina.
Rea Rd / Pineville Matthews Rd is a suburban neighborhood (based on population
density) located in Charlotte, North Carolina.
Rea Rd / Pineville Matthews Rd real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings.
Most of the residential real estate is owner occupied. Many of
the residences in the Rea Rd / Pineville Matthews Rd 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.
In Rea Rd / Pineville Matthews Rd, the current vacancy rate is 0.0%,
which is a lower rate of vacancies than 100.0% of all neighborhoods
in the U.S. This means that the housing supply in Rea Rd / Pineville Matthews Rd
is very tight compared to the demand for property here.
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
Notable & Unique: Diversity
Did you know that the Rea Rd / Pineville Matthews Rd neighborhood has more
Scots-Irish and Swiss ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 7.7% of
this neighborhood's residents have Scots-Irish ancestry and 1.3% have Swiss ancestry.
Rea Rd / Pineville Matthews Rd is also pretty special linguistically. Significantly, 5.2% of its residents five years old and above primarily
speak Korean at home. While this may seem like a small percentage, it is higher
than 98.8% of the neighborhoods in America.
Notable & Unique: People
A majority of the adults in the Rea Rd / Pineville Matthews Rd neighborhood
are wealthy and educated executives. They own stately
homes that tend to maintain high real estate appreciation rates. Their
upper-level careers keep them busy, but allow them to live comfortably.
If you're an executive and want to keep similar company, consider settling
in this neighborhood, rated as an executive lifestyle
"best choice" neighborhood for North Carolina by NeighborhoodScout's analysis,
which rated it as better for executive lifestyles than 98.1%
of the neighborhoods in North Carolina.
In addition to being an excellent choice for highly educated executives, this
neighborhood is also a very good choice for urban sophisticates and families with school-aged children.
In addition, priests and therapists would like to think they know the secrets to a
truly successful marriage, but according to NeighborhoodScout's research,
the folks of the Rea Rd / Pineville Matthews Rd neighborhood may actually hold
the key. 66.7% of its residents are married, which is a higher
percentage than is found in 95.0% of the neighborhoods
Notable & Unique: Real Estate
In addition, this neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Rea Rd / Pineville Matthews Rd neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
Furthermore, most neighborhoods are composed of a mixture of ages of homes, but the Rea Rd / Pineville Matthews Rd 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, 84.8% of the residential real estate here was built in this one time period.
The Neighbors: Income
There are two complimentary 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 Rea Rd / Pineville Matthews Rd neighborhood in Charlotte are wealthy, making it among the 15% highest income neighborhoods in America.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 87.7% of the neighborhoods in America.
In addition, 7.3% 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 69.4%
of America'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 Rea Rd / Pineville Matthews Rd neighborhood, 51.4%
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 25.6% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(12.7%), and 10.3% in manufacturing and laborer occupations.
The Neighbors: 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 Rea Rd / Pineville Matthews Rd neighborhood in Charlotte, NC, residents
most commonly identify their ethnicity or ancestry as Irish
(13.7%). There are also a number of people of German ancestry (12.1%) , and residents who report English roots (9.5%) , and some of the residents are also of Scots-Irish ancestry (7.7%) , along with some Asian ancestry residents (5.4%), among others.
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 Rea Rd / Pineville Matthews Rd
neighborhood is English, spoken by 89.8% of households. Other important languages spoken here include Korean and Spanish.
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 Rea Rd / Pineville Matthews Rd neighborhood spend
between 15 and 30 minutes commuting one-way to work (37.1% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (89.3%) drive alone in a private automobile to get to work.
In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.