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 88.2% 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
The Craven Terrace neighborhood stands out for having an
average per capita income lower than 96.7% of the neighborhoods
in the United States.
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, single parenting is hard. But you don't have to tell the
Craven Terrace neighborhood about it; they already know. 17.7%
of this neighborhood's households are run by single mothers, which is a
higher concentration than NeighborhoodScout found in 95.3%
of American neighborhoods. Further NeighborhoodScout research showed strong
statistical correlations among high rates of children living in single
parent households, and neighborhood crime, particularly violent crime,
neighborhood poverty, and, importantly, the percentage of low weight births
and rates of infant mortality.
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
The Craven Terrace neighborhood stands out nationally for having
a greater proportion of its residents active in the military than
96.6% of other U.S. neighborhoods. If you come here, you
will notice military people active in their jobs, going to and from work,
and in plain clothes out and about the neighborhood.
The Neighbors: Income
How wealthy a neighborhood is, from very wealthy, to middle income, to low
income is very formative with regard to the personality and character of a
neighborhood. Equally important is the rate of people, particularly children,
who live below the federal poverty line. In some wealthy gated communities,
the areas immediately surrounding can have high rates of childhood poverty,
which indicates other social issues. NeighborhoodScout's analysis reveals
both aspects of income and poverty for this 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
The old saying "you are what you eat" is true. But it is also true that you
are what you do for a living. The types of occupations your neighbors have
shape their character, and together as a group, their collective occupations
shape the culture of a place.
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
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 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.