Georgetown / Beacon Hill median real estate price is $155,827, which is less expensive than 81.7% of North Carolina neighborhoods and 82.6% of all U.S. neighborhoods.
The average rental price in Georgetown / Beacon Hill is currently $1,639, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 60.4% of North Carolina neighborhoods.
Georgetown / Beacon Hill is a suburban neighborhood (based on population density) located in Winston-Salem, North Carolina.
Georgetown / Beacon Hill real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Georgetown / Beacon Hill 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.
Georgetown / Beacon Hill has a 11.9% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 67.7% 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.
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 Winston-Salem, the Georgetown / Beacon Hill neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
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 Georgetown / Beacon Hill neighborhood in Winston-Salem are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 74.4% of U.S. neighborhoods. With 12.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 53.8% of U.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 Georgetown / Beacon Hill neighborhood, 39.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 35.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.3%), and 9.4% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The most common language spoken in the Georgetown / Beacon Hill neighborhood is English, spoken by 68.0% of households. Some people also speak Spanish (31.9%).
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 Georgetown / Beacon Hill neighborhood in Winston-Salem, NC, residents most commonly identify their ethnicity or ancestry as Mexican (20.9%). There are also a number of people of Sub-Saharan African ancestry (6.5%), and residents who report German roots (3.7%), and some of the residents are also of English ancestry (3.0%), along with some Puerto Rican ancestry residents (2.5%), among others. In addition, 14.9% of the residents of this neighborhood were born in another country.
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 Georgetown / Beacon Hill neighborhood spend between 15 and 30 minutes commuting one-way to work (49.5% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (81.1%) 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 (15.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.