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Real Estate Prices & Overview

Falls Road median real estate price is $89,742, which is less expensive than 96.6% of North Carolina neighborhoods and 95.3% of all U.S. neighborhoods.

The average rental price in Falls Road is currently $1,701, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 52.3% of North Carolina neighborhoods.

Falls Road is a suburban neighborhood (based on population density) located in Rocky Mount, North Carolina.

Falls Road real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Falls Road 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 Falls Road. The current real estate vacancy rate here is 29.9%. This is higher than the rate of vacancies in 94.6% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. 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 get around.

People

The Falls Road neighborhood has a greater percentage of children living in poverty (86.1%) than found in 99.6% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

Modes of Transportation

In the Falls Road neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 22.8% of commuters carpool here, which is more than in 95.7% of all U.S. neighborhoods.

Diversity

Did you know that the Falls Road neighborhood has more Haitian and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.4% of this neighborhood's residents have Haitian ancestry and 5.7% have Jamaican ancestry.

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 Falls Road neighborhood in Rocky Mount are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 87.2% of U.S. neighborhoods. With 86.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.6% of U.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 Falls Road neighborhood, 34.6% 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 34.4% of the residents employed. Other residents here are employed in executive, management, and professional occupations (19.3%), and 11.7% in clerical, assistant, and tech support occupations.

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 Falls Road neighborhood is English, spoken by 95.1% of households. Other important languages spoken here include Spanish and Italian.

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 Falls Road neighborhood in Rocky Mount, NC, residents most commonly identify their ethnicity or ancestry as Jamaican (5.7%). There are also a number of people of Haitian ancestry (4.4%), and residents who report Sub-Saharan African roots (4.3%), and some of the residents are also of African ancestry (4.3%), along with some Irish ancestry residents (2.5%), among others.

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 Falls Road neighborhood spend under 15 minutes commuting one-way to work (37.2% of working residents), one of the shortest commutes across America.

Here most residents (67.9%) 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 (22.8%) . 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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