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Real Estate Prices & Overview

Tarawa Terrace median real estate price is $258,579, which is more expensive than 41.7% of the neighborhoods in North Carolina and 34.7% of the neighborhoods in the U.S.

The average rental price in Tarawa Terrace is currently $2,370, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 79.2% of the neighborhoods in North Carolina.

Tarawa Terrace is a rural neighborhood (based on population density) located in Jacksonville, North Carolina. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Tarawa Terrace real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) townhomes and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Tarawa Terrace neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Tarawa Terrace are 4.5%, which is lower than one will find in 70.1% of American neighborhoods. Demand for real estate in Tarawa Terrace is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

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.

Real Estate

Tarawa Terrace is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, Tarawa Terrace is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

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 Tarawa Terrace neighborhood could be your paradise. With 84.6% 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 0.1% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

Furthermore, renter-occupied real estate is dominant in the Tarawa Terrace neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 98.3%, which is higher than 98.8% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

Also of note, if you like the look and ambience of new homes and newly built neighborhoods, you will love the Tarawa Terrace neighborhood. A whopping 76.1% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 96.9% of the neighborhoods in the U.S. Everything here just feels new.

Occupations

With 26.2% of employed workers living in the Tarawa Terrace neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 99.8% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Modes of Transportation

More people in Tarawa Terrace choose to walk to work each day (21.0%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

People

One of the really interesting characteristics about the Tarawa Terrace neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 3.6% of college-friendly places to live in the state of North Carolina.

In addition, an extraordinary 11.0% of the residents of the Tarawa Terrace neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the Tarawa Terrace neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.6% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

Diversity

Did you know that the Tarawa Terrace neighborhood has more French and French Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.9% of this neighborhood's residents have French ancestry and 3.0% have French Canadian ancestry.

Tarawa Terrace is also pretty special linguistically. Significantly, 9.4% of its residents five years old and above primarily speak Italian at home. While this may seem like a small percentage, it is higher than 97.6% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Tarawa Terrace neighborhood in Jacksonville are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 89.8% of U.S. neighborhoods. With 12.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 55.2% of U.S. neighborhoods.

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 Tarawa Terrace neighborhood, 42.9% 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 26.6% of the residents employed. Other residents here are employed in the military (26.2%), and 17.8% in manufacturing and laborer occupations.

Languages

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 Tarawa Terrace neighborhood is English, spoken by 93.0% of households. Other important languages spoken here include Italian, Spanish and Polish.

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 Tarawa Terrace neighborhood in Jacksonville, NC, residents most commonly identify their ethnicity or ancestry as German (15.1%). There are also a number of people of Irish ancestry (12.4%), and residents who report English roots (11.5%), and some of the residents are also of French ancestry (7.9%), along with some Mexican ancestry residents (5.7%), among others.

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 Tarawa Terrace neighborhood spend under 15 minutes commuting one-way to work (40.6% of working residents), one of the shortest commutes across America.

Here most residents (61.3%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (21.0%) and 10.9% of residents also carpool with coworkers, friends, or neighbors for their daily commute. 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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