Real Estate Prices and Overview
Fairwold median real estate prices are $75,810, which is less expensive than 76.1% of South Carolina neighborhoods
and 88.2% of all U.S. neighborhoods.
Average rental prices in Fairwold are currently
$714, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 53.6% of South Carolina neighborhoods.
Fairwold is a suburban neighborhood (based on population
density) located in Columbia, South Carolina.
Fairwold real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes.
Most of the residential real estate is occupied by a mixture of owners and renters. Many of
the residences in the Fairwold neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in
Fairwold. The current real estate vacancy rate here is 17.9%.
This is higher than the rate of vacancies in 80.7% 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
Many things matter about a neighborhood, but the first thing most people notice
is the way a neighborhood looks and its particular character. For example, one
might notice whether the buildings all date from a certain time period or whether
shop signs are in multiple languages. This particular neighborhood in Columbia,
the Fairwold neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Car Ownership
Most American households own a car or other vehicle. Many own two cars
or perhaps three. In the United States, it is useful to have an automobile
not only for commuting, but also for shopping and getting to other services
one needs. But NeighborhoodScout's analysis revealed that households in
the Fairwold neighborhood have a highly unusual car ownership.
Residents of this neighborhood must really love automobiles. NeighborhoodScout's
Analysis reveals that 37.9% of the households here have four, five,
or more cars. That is more cars per household than in 95.7% of
the neighborhoods in the nation.
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 Fairwold neighborhood in Columbia are lower-middle income, making it a below average income neighborhood.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 80.1% of U.S. neighborhoods.
With 23.4% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 64.2%
of U.S. neighborhoods.
The Neighbors: Occupations
What we choose to do for a living reflects who we are. Each neighborhood has
a different mix of occupations represented, and together these tell you about
the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Fairwold neighborhood, 31.4%
of the working population is employed in manufacturing and laborer 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 31.1% of the residents employed.
Other residents here are employed in executive, management, and professional occupations
(20.1%), and 17.4% in clerical, assistant, and tech support occupations.
The Neighbors: 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 Fairwold neighborhood in Columbia, SC, residents
most commonly identify their ethnicity or ancestry as German
(3.8%). There are also a number of people of Mexican ancestry (1.5%) .
The Neighbors: Languages
The most common language spoken in the Fairwold
neighborhood is English, spoken by 99.2% 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 Fairwold neighborhood spend
between 15 and 30 minutes commuting one-way to work (63.6% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (80.8%) 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 (13.2%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.