Real Estate Prices and Overview
Fernway median real estate prices are $188,195, which is more expensive than 71.1% of the neighborhoods
in Pennsylvania and 58.2% of the
neighborhoods in the U.S.
Average rental prices in Fernway are currently
$1,000, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 77.4%
of the neighborhoods in Pennsylvania.
Fernway is a suburban neighborhood (based on population
density) located in Cranberry Twp, Pennsylvania.
Fernway real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes.
Most of the residential real estate is owner occupied. Many of
the residences in the Fernway neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
In Fernway, the current vacancy rate is 1.6%,
which is a lower rate of vacancies than 93.4% of all neighborhoods
in the U.S. This means that the housing supply in Fernway
is very tight compared to the demand for property here.
Notable & Unique Neighborhood Characteristics
When you see a neighborhood for the first time, the most important thing
is often the way it looks, like its homes and its setting. Some places look
the same, but they only reveal their true character after living in them for
a while because they contain a unique mix of occupational or cultural groups.
This neighborhood is very unique in some important ways, according to
NeighborhoodScout's exclusive exploration and analysis.
Notable & Unique: People
In a nation where 1 out of every 4 children lives in poverty, the
Fernway neighborhood stands out as being ranked among
the lowest 0.1% of neighborhoods affected by this global
In addition, a majority of the adults in the Fernway neighborhood
are wealthy and educated executives. They own stately
homes that tend to maintain high real estate appreciation rates. Their
upper-level careers keep them busy, but allow them to live comfortably.
If you're an executive and want to keep similar company, consider settling
in this neighborhood, rated as an executive lifestyle
"best choice" neighborhood for Pennsylvania by NeighborhoodScout's analysis,
which rated it as better for executive lifestyles than 96.4%
of the neighborhoods in Pennsylvania.
In addition to being an excellent choice for highly educated executives, this
neighborhood is also a very good choice for urban sophisticates and families with school-aged children.
Notable & Unique: Diversity
Did you know that the Fernway neighborhood has more
Czechoslovakian and Lebanese ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.9% of
this neighborhood's residents have Czechoslovakian ancestry and 1.8% have Lebanese ancestry.
Notable & Unique: Real Estate
In addition, many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Fernway neighborhood could be your paradise. With 34.6% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 2.6% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
Furthermore, most neighborhoods are composed of a mixture of ages of homes, but the Fernway stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 85.4% of the residential real estate here was built in this one time period.
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 Fernway neighborhood in Cranberry Twp are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 81.8% of the neighborhoods in America.
In addition, 0.0% 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 99.9%
of America's neighborhoods.
The Neighbors: Occupations
A neighborhood is far different if it is dominated by enlisted military personnel
rather than people who earn their living by farming. It is also different if
most of the neighbors are clerical support or managers. What is wonderful is
the shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
In the Fernway neighborhood, 51.9%
of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is
sales and service jobs, from major sales accounts, to working in fast food restaurants, with 29.6% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(9.5%), and 9.1% in manufacturing and laborer occupations.
The Neighbors: 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 Fernway neighborhood in Cranberry Twp, PA, residents
most commonly identify their ethnicity or ancestry as German
(28.3%). There are also a number of people of Irish ancestry (12.2%) , and residents who report Italian roots (11.2%) , and some of the residents are also of English ancestry (5.2%) , along with some Polish ancestry residents (4.6%), among others.
The Neighbors: Languages
The most common language spoken in the Fernway
neighborhood is English, spoken by 95.1% of households. Some people also speak Spanish (3.0%).
Getting to Work
Even if your neighborhood is walkable, you may still have to drive to your
place of work. Some neighborhoods are located where many can get to work in
just a few minutes, while others are located such that most residents have a
long and arduous commute.
The greatest number of commuters in Fernway neighborhood spend
between 30 and 45 minutes commuting one-way to work (30.7% of working
residents), which is at or a bit above the average length of a commute across all U.S.
Here most residents (90.9%) 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 (7.2%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.