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Real Estate Prices & Overview

Hanover Heights / Greenfield Lake Estates median real estate price is $294,597, which is more expensive than 49.4% of the neighborhoods in North Carolina and 41.0% of the neighborhoods in the U.S.

The average rental price in Hanover Heights / Greenfield Lake Estates is currently $1,978, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 62.8% of the neighborhoods in North Carolina.

Hanover Heights / Greenfield Lake Estates is a suburban neighborhood (based on population density) located in Wilmington, North Carolina.

Hanover Heights / Greenfield Lake Estates real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Hanover Heights / Greenfield Lake Estates neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Hanover Heights / Greenfield Lake Estates has a 11.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 65.8% 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

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.

People

Of note, 75.1% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

Occupations

There are more people living in the Hanover Heights / Greenfield Lake Estates neighborhood employed as sales and service workers (57.3%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Real Estate

87.1% of the real estate in the Hanover Heights / Greenfield Lake Estates neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Diversity

Did you know that the Hanover Heights / Greenfield Lake Estates neighborhood has more African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.9% of this neighborhood's residents have African ancestry.

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 Hanover Heights / Greenfield Lake Estates neighborhood in Wilmington are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 91.7% of U.S. neighborhoods. With 75.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.0% of U.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 Hanover Heights / Greenfield Lake Estates neighborhood, 42.7% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 22.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (22.0%), and 13.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Hanover Heights / Greenfield Lake Estates neighborhood is English, spoken by 89.9% of households. Some people also speak Spanish (7.1%).

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 Hanover Heights / Greenfield Lake Estates neighborhood in Wilmington, NC, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (9.6%). There are also a number of people of African ancestry (7.9%), and residents who report Irish roots (6.4%), and some of the residents are also of English ancestry (5.9%), along with some German ancestry residents (5.1%), 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 Hanover Heights / Greenfield Lake Estates neighborhood spend between 15 and 30 minutes commuting one-way to work (52.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (75.9%) 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 (16.1%) . 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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