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Real Estate Prices & Overview

Mapleville / Margaret median real estate price is $120,163, which is less expensive than 91.9% of North Carolina neighborhoods and 90.2% of all U.S. neighborhoods.

The average rental price in Mapleville / Margaret is currently $1,423, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 81.0% of North Carolina neighborhoods.

Mapleville / Margaret is a rural neighborhood (based on population density) located in Louisburg, North Carolina.

Mapleville / Margaret real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) mobile homes and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Mapleville / Margaret 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.

In Mapleville / Margaret, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Mapleville / Margaret is very tight compared to the demand for property here.

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

With a real estate vacancy rate of only 0.0%, the Mapleville / Margaret neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.

In addition, the Mapleville / Margaret neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 74.6% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.9% of the neighborhoods in the U.S. If you like mobile homes, this might be a great neighborhood in which to look for real estate.

People

NeighborhoodScout's exclusive research revealed that 96.8% of the adult residents in the Mapleville / Margaret neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 98.1% of the neighborhoods in America.

Modes of Transportation

While most Americans do drive to work alone each day, the Mapleville / Margaret neighborhood stands out by having 92.5% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 97.9% of all American neighborhoods.

Diversity

Did you know that the Mapleville / Margaret neighborhood has more Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.7% of this neighborhood's residents have Arab ancestry.

Mapleville / Margaret is also pretty special linguistically. Significantly, 5.2% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 98.5% of the neighborhoods in America.

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 Mapleville / Margaret neighborhood in Louisburg are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 69.7% of U.S. neighborhoods. In addition, 7.3% 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 58.2% 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 Mapleville / Margaret neighborhood, 35.4% 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 27.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (24.4%), and 12.4% in executive, management, and professional 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 Mapleville / Margaret neighborhood is English, spoken by 74.2% of households. Other important languages spoken here include Spanish and Arabic.

Ethnicity / Ancestry

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 Mapleville / Margaret neighborhood in Louisburg, NC, residents most commonly identify their ethnicity or ancestry as Mexican (25.1%). There are also a number of people of Arab ancestry (6.7%), and residents who report Spanish roots (2.8%), and some of the residents are also of German ancestry (2.7%), along with some Polish ancestry residents (1.8%), among others. In addition, 16.5% of the residents of this neighborhood were born in another country.

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 Mapleville / Margaret neighborhood spend between 15 and 30 minutes commuting one-way to work (42.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (92.5%) 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 (7.5%) . 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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