Morrisville Pkwy / Preston Village Way median real estate price is $1,071,484, which is more expensive than 98.5% of the neighborhoods in North Carolina and 94.2% of the neighborhoods in the U.S.
The average rental price in Morrisville Pkwy / Preston Village Way is currently $3,656, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 98.3% of the neighborhoods in North Carolina.
Morrisville Pkwy / Preston Village Way is a suburban neighborhood (based on population density) located in Cary, North Carolina.
Morrisville Pkwy / Preston Village Way real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Morrisville Pkwy / Preston Village Way neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In Morrisville Pkwy / Preston Village Way, the current vacancy rate is 1.4%, which is a lower rate of vacancies than 90.6% of all neighborhoods in the U.S. This means that the housing supply in Morrisville Pkwy / Preston Village Way is very tight compared to the demand for property here.
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.
A majority of the adults in the Morrisville Pkwy / Preston Village Way 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 100.0% 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 college students, families with school-aged children and urban sophisticates.
In addition, if knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Morrisville Pkwy / Preston Village Way neighborhood, where 48.2% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.1% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 99.0% of the neighborhoods in America.
Also, 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 Morrisville Pkwy / Preston Village Way neighborhood may actually hold the key. 72.5% of its residents are married, which is a higher percentage than is found in 98.8% of the neighborhoods in America.
Finally, if you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 1.4% of America's neighborhoods are wealthier than the Morrisville Pkwy / Preston Village Way neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
One way that the Morrisville Pkwy / Preston Village Way neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 98.1% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
In addition, if you love row houses and attached homes, you will probably really like the Morrisville Pkwy / Preston Village Way neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 25.1% of the residential real estate here is classified as row houses and attached homes.
A unique way of commuting is simply not to. And in the Morrisville Pkwy / Preston Village Way neighborhood, analysis shows that 25.9% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 97.0% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.
The Morrisville Pkwy / Preston Village Way neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 96.6% of the neighborhoods in America. In fact, 71.5% 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.
Did you know that the Morrisville Pkwy / Preston Village Way neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 31.9% of this neighborhood's residents have Asian ancestry.
Morrisville Pkwy / Preston Village Way is also pretty special linguistically. Significantly, 6.8% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 98.4% 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 Morrisville Pkwy / Preston Village Way neighborhood in Cary 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 98.6% of the neighborhoods in America. In addition, 5.4% 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 64.1% 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 Morrisville Pkwy / Preston Village Way neighborhood, 71.5% 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 22.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (3.9%), and 2.6% in manufacturing and laborer occupations.
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 Morrisville Pkwy / Preston Village Way neighborhood is English, spoken by 69.1% of households. Other important languages spoken here include Chinese, Langs. of India, Korean and Spanish.
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 Morrisville Pkwy / Preston Village Way neighborhood in Cary, NC, residents most commonly identify their ethnicity or ancestry as Asian (31.9%). There are also a number of people of German ancestry (12.6%), and residents who report English roots (11.9%), and some of the residents are also of Irish ancestry (10.8%), along with some Italian ancestry residents (5.2%), among others. In addition, 28.0% of the residents of this neighborhood were born in another country.
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 Morrisville Pkwy / Preston Village Way neighborhood spend between 15 and 30 minutes commuting one-way to work (50.3% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (68.7%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.