Burch Kove / Homestead Village median real estate price is $606,442, which is more expensive than 90.2% of the neighborhoods in North Carolina and 79.3% of the neighborhoods in the U.S.
The average rental price in Burch Kove / Homestead Village is currently $3,993, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 98.9% of the neighborhoods in North Carolina.
Burch Kove / Homestead Village is a suburban neighborhood (based on population density) located in Carrboro, North Carolina.
Burch Kove / Homestead Village 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 Burch Kove / Homestead Village 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.
Home and apartment vacancy rates are 9.2% in Burch Kove / Homestead Village. NeighborhoodScout analysis shows that this rate is lower than 43.9% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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.
In a nation where 1 out of every 4 children lives in poverty, the Burch Kove / Homestead Village neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 58.9% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 99.8% of U.S. neighborhoods, where the average American neighborhood has 13.1% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.
Also, a majority of the adults in the Burch Kove / Homestead Village 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 North Carolina by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 97.2% of the neighborhoods in North Carolina. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children and urban sophisticates.
Finally, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Burch Kove / Homestead Village neighborhood may actually hold the key. 68.7% of its residents are married, which is a higher percentage than is found in 96.9% of the neighborhoods in America.
The Burch Kove / Homestead Village neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 99.1% of the neighborhoods in America. In fact, 79.4% 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.
If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.1% of residents in the Burch Kove / Homestead Village neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 95.8% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Most neighborhoods are composed of a mixture of ages of homes, but the Burch Kove / Homestead Village 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, 80.0% of the residential real estate here was built in this one time period.
Did you know that the Burch Kove / Homestead Village neighborhood has more British and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.8% of this neighborhood's residents have British ancestry and 3.1% have Eastern European ancestry.
Burch Kove / Homestead Village is also pretty special linguistically. Significantly, 3.2% 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 97.8% of the neighborhoods in America.
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 Burch Kove / Homestead Village neighborhood in Carrboro are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 94.2% 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 100.0% of America's neighborhoods.
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 sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Burch Kove / Homestead Village neighborhood, 79.4% 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 13.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (4.9%).
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 Burch Kove / Homestead Village neighborhood is English, spoken by 81.9% of households. Other important languages spoken here include Spanish and Korean.
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 Burch Kove / Homestead Village neighborhood in Carrboro, NC, residents most commonly identify their ethnicity or ancestry as English (18.0%). There are also a number of people of German ancestry (12.5%), and residents who report Irish roots (9.7%), and some of the residents are also of Asian ancestry (8.2%), along with some Italian ancestry residents (7.0%), among others. In addition, 14.7% of the residents of this neighborhood were born in another country.
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 Burch Kove / Homestead Village neighborhood spend between 15 and 30 minutes commuting one-way to work (35.7% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (62.7%) 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 (9.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.