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Real Estate Prices & Overview

Alexander Place / Village At Westgate median real estate price is $383,552, which is more expensive than 68.1% of the neighborhoods in North Carolina and 55.9% of the neighborhoods in the U.S.

The average rental price in Alexander Place / Village At Westgate is currently $2,654, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 87.4% of the neighborhoods in North Carolina.

Alexander Place / Village At Westgate is a suburban neighborhood (based on population density) located in Raleigh, North Carolina.

Alexander Place / Village At Westgate 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 occupied by a mixture of owners and renters. Many of the residences in the Alexander Place / Village At Westgate neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Alexander Place / Village At Westgate has a 15.6% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 79.2% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are 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 get around.

People

One of the most interesting things about the Alexander Place / Village At Westgate neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 56.9% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 98.2% of the neighborhoods in America.

Occupations

The Alexander Place / Village At Westgate neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 96.2% of the neighborhoods in America. In fact, 71.4% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.

Real Estate

Homes built from 2000 through today make up a higher proportion of the Alexander Place / Village At Westgate neighborhood's real estate landscape than 95.7% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 69.6% of the residential real estate here is classified as newer.

Diversity

Did you know that the Alexander Place / Village At Westgate neighborhood has more Hungarian and Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.9% of this neighborhood's residents have Hungarian ancestry and 1.9% have Canadian ancestry.

Alexander Place / Village At Westgate is also pretty special linguistically. Significantly, 7.1% 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 99.3% of the neighborhoods in America.

The Neighbors

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 Alexander Place / Village At Westgate neighborhood in Raleigh are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 63.2% of the neighborhoods in America. In addition, 3.4% 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 69.9% of America's neighborhoods.

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 Alexander Place / Village At Westgate neighborhood, 71.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 10.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.8%), and 8.9% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 Alexander Place / Village At Westgate neighborhood is English, spoken by 79.4% of households. Other important languages spoken here include Korean, Vietnamese and Spanish.

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 Alexander Place / Village At Westgate neighborhood in Raleigh, NC, residents most commonly identify their ethnicity or ancestry as Asian (17.3%). There are also a number of people of German ancestry (14.7%), and residents who report English roots (11.4%), and some of the residents are also of Irish ancestry (9.1%), along with some Sub-Saharan African ancestry residents (6.3%), among others. In addition, 14.9% of the residents of this neighborhood were born in another country.

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 Alexander Place / Village At Westgate neighborhood spend between 15 and 30 minutes commuting one-way to work (57.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (68.3%) 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 (14.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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