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Real Estate Prices & Overview

Fernwood median real estate price is $466,764, which is more expensive than 76.0% of the neighborhoods in South Carolina and 62.3% of the neighborhoods in the U.S.

The average rental price in Fernwood is currently $1,906, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 40.1% of South Carolina neighborhoods.

Fernwood is a suburban neighborhood (based on population density) located in Spartanburg, South Carolina.

Fernwood real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Fernwood neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Fernwood are 5.4%, which is lower than one will find in 65.6% of American neighborhoods. Demand for real estate in Fernwood 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.

People

A majority of the adults in the Fernwood neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for South Carolina by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 95.3% of the neighborhoods in South Carolina. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children and active retirees.

Diversity

Did you know that the Fernwood neighborhood has more Scots-Irish and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.5% of this neighborhood's residents have Scots-Irish ancestry and 1.4% have Armenian ancestry.

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 Fernwood neighborhood in Spartanburg are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 72.5% of the neighborhoods in America. With 22.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 71.6% 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 Fernwood neighborhood, 51.1% 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 22.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.6%), and 4.5% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Fernwood neighborhood is English, spoken by 98.7% of households.

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 Fernwood neighborhood in Spartanburg, SC, residents most commonly identify their ethnicity or ancestry as English (19.0%). There are also a number of people of German ancestry (17.0%), and residents who report Irish roots (15.5%), and some of the residents are also of Scots-Irish ancestry (10.5%), along with some Swedish ancestry residents (4.5%), 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 Fernwood neighborhood spend under 15 minutes commuting one-way to work (48.3% of working residents), one of the shortest commutes across America.

Here most residents (84.4%) 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 (7.2%) . 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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