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Real Estate Prices & Overview

Catherine Lake median real estate price is $215,975, which is less expensive than 65.4% of North Carolina neighborhoods and 70.8% of all U.S. neighborhoods.

The average rental price in Catherine Lake is currently $1,961, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 42.6% of North Carolina neighborhoods.

Catherine Lake is a suburban neighborhood (based on population density) located in Richlands, North Carolina.

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

Catherine Lake has a 10.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 61.8% 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 Richlands, the Catherine Lake neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

With 8.4% of employed workers living in the Catherine Lake neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 99.3% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Furthermore, neighborhoodScout's exclusive research identifies the Catherine Lake neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 49.9% of its working residents employed in such fields, which is a higher proportion than 98.9% of American neighborhoods.

In addition, the government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Catherine Lake neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 13.4% of its workforce, this neighborhood has a greater concentration of government workers than 95.7% of U.S. neighborhoods.

Real Estate

If you like the look and ambience of new homes and newly built neighborhoods, you will love the Catherine Lake neighborhood. A whopping 67.5% 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 95.7% of the neighborhoods in the U.S. Everything here just feels new.

People

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 Catherine Lake neighborhood may actually hold the key. 66.7% of its residents are married, which is a higher percentage than is found in 95.3% of the neighborhoods in America.

In addition, with a nice mix of college students, safety from crime, and decent walkability, the Catherine Lake neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 88.5% of the neighborhoods in NC. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Diversity

Did you know that the Catherine Lake neighborhood has more Welsh and Swiss ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.4% of this neighborhood's residents have Welsh ancestry and 3.4% have Swiss ancestry.

Catherine Lake is also pretty special linguistically. Significantly, 1.4% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 98.3% 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 Catherine Lake neighborhood in Richlands are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 81.1% of U.S. neighborhoods. In addition, 3.5% 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 70.0% 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 Catherine Lake neighborhood, 49.9% 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 20.4% of the residents employed. Other residents here are employed in executive, management, and professional occupations (19.6%), and 13.4% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Catherine Lake neighborhood is English, spoken by 92.0% of households. Some people also speak Spanish (5.3%).

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 Catherine Lake neighborhood in Richlands, NC, residents most commonly identify their ethnicity or ancestry as English (11.7%). There are also a number of people of Irish ancestry (7.5%), and residents who report German roots (7.0%), and some of the residents are also of Welsh ancestry (5.4%), along with some Scottish ancestry residents (4.7%), 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 Catherine Lake neighborhood spend between 15 and 30 minutes commuting one-way to work (42.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (79.6%) 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 (15.9%) . 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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