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Real Estate Prices & Overview

Arran Lakes West median real estate price is $235,567, which is more expensive than 35.2% of the neighborhoods in North Carolina and 30.1% of the neighborhoods in the U.S.

The average rental price in Arran Lakes West is currently $2,263, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 75.2% of the neighborhoods in North Carolina.

Arran Lakes West is a suburban neighborhood (based on population density) located in Fayetteville, North Carolina.

Arran Lakes West real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Arran Lakes West 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.

Arran Lakes West has a 13.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 74.6% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are 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 Fayetteville, the Arran Lakes West neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

With 7.2% of employed workers living in the Arran Lakes West neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 99.2% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Modes of Transportation

Our research reveals that 90.8% of commuters who live in the Arran Lakes West neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 97.2% of U.S. neighborhoods.

Diversity

Did you know that the Arran Lakes West neighborhood has more Romanian and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.9% of this neighborhood's residents have Romanian ancestry and 5.6% have Haitian 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 Arran Lakes West neighborhood in Fayetteville are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 69.1% of U.S. neighborhoods. In addition, 0.7% 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 79.6% 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 Arran Lakes West neighborhood, 41.1% 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 24.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.6%), and 12.6% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Arran Lakes West neighborhood is English, spoken by 82.5% of households. Some people also speak Spanish (10.7%).

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 Arran Lakes West neighborhood in Fayetteville, NC, residents most commonly identify their ethnicity or ancestry as English (12.3%). There are also a number of people of German ancestry (10.3%), and residents who report Irish roots (8.5%), and some of the residents are also of Puerto Rican ancestry (7.4%), along with some Haitian ancestry residents (5.6%), 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 Arran Lakes West neighborhood spend between 15 and 30 minutes commuting one-way to work (65.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (90.8%) 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.


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