Real Estate Prices and Overview
Craven Terrace median real estate prices are $83,134, which is less expensive than 84.5% of North Carolina neighborhoods
and 84.2% of all U.S. neighborhoods.
Average rental prices in Craven Terrace are currently
$551, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 89.2% of North Carolina neighborhoods.
Craven Terrace is a suburban neighborhood (based on population
density) located in New Bern, North Carolina. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Craven Terrace real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments.
Most of the residential real estate is renter occupied. Many of
the residences in the Craven Terrace neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Vacant apartments or homes are a major fact of life in
Craven Terrace. The current real estate vacancy rate here is 21.2%.
This is higher than the rate of vacancies in 86.6% of
all U.S. neighborhoods. This can sometimes be the case in neighborhoods
dominated by seasonal homes (such as vacation areas), and occasionally
it is also found in neighborhoods that are primarily filled with college
students, as some apartments could be vacant when school is not in session.
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
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: Real Estate
Craven Terrace is a neighborhood that is on the ocean, a bay, or inlet.
Many times, such places have amenities that bring locals and visitors to the
waterfront for recreational activities or to check out the scenery.
In some densely populated areas that are less financially well-off, the neighborhood
waterfront can be relatively industrial and less open to recreation.
Notable & Unique: Modes of Transportation
In the Craven Terrace neighborhood, carpooling is still a popular
way to get to and from work. NeighborhoodScout's analysis reveals that
32.5% of commuters carpool here, which is more than in
99.5% of all U.S. neighborhoods.
Notable & Unique: People
One of the unique characteristics of the Craven Terrace
neighborhood revealed by analysis is that the per capita income of
residents here is lower than that found in 96.7% of the neighborhoods
Also of note, 71.2% of the children in this area
live in poverty; an extraordinarily high percentage compared to other
neighborhoods in the nation. In a nation where approximately one in
four children grows up in poverty, this neighborhood stands out for
the depth of the problem manifested here.
In addition, whether by choice, divorce, or unplanned pregnancy, single moms may have
the toughest job in the book. NeighborhoodScout's exclusive analysis reveals
that the Craven Terrace neighborhood has more single mother
households than 95.3% of the neighborhoods in the U.S.
Often high concentrations of single mother homes can be a strong indicator
of family and social issues such as poverty, high rates of school dropouts,
crime, and other societal problems.
Notable & Unique: Car Ownership
American households most often have a car, and regularly they have two or
three. But households in the Craven Terrace neighborhood buck
40.5% of the households in this neighborhood don't own a car at
all. This is more carless households than NeighborhoodScout found in
97.9% of U.S. neighborhoods.
Notable & Unique: Occupations
With 1.9% of employed workers living in the
Craven Terrace neighborhood active in the military, this neighborhood has
the distinction of having a higher proportion of people in the military
than 96.6% of American neighborhoods. This is a major
shaper of the neighborhood's culture and character.
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 Craven Terrace neighborhood in New Bern are low income, making it among the lowest income neighborhoods in America.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 96.7% of U.S. neighborhoods.
With 71.2% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 98.1%
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 Craven Terrace neighborhood, 32.5%
of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is
manufacturing and laborer occupations, with 29.9% of the residents employed.
Other residents here are employed in executive, management, and professional occupations
(22.4%), and 14.9% in clerical, assistant, and tech support occupations.
The Neighbors: 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 Craven Terrace neighborhood in New Bern, NC, residents
most commonly identify their ethnicity or ancestry as African
(2.3%). There are also a number of people of Sub-Saharan African ancestry (2.3%) , and residents who report Irish roots (1.6%) , and some of the residents are also of German ancestry (1.4%) , along with some English ancestry residents (1.4%), among others.
The Neighbors: Languages
The most common language spoken in the Craven Terrace
neighborhood is English, spoken by 97.4% of households.
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 Craven Terrace neighborhood spend
under 15 minutes commuting one-way to work (55.3% of working
residents), one of the shortest commutes across America.
Here most residents (54.1%) 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 (32.5%) and 10.3% 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.