Craven Terrace median real estate price is $80,844, which is less expensive than 85.6% of North Carolina neighborhoods and 85.5% of all U.S. neighborhoods.
The average rental price in Craven Terrace is currently $333, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 97.1% 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.