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Real Estate Prices & Overview

Greencastle East median real estate price is $260,163, which is more expensive than 60.3% of the neighborhoods in Indiana and 32.5% of the neighborhoods in the U.S.

The average rental price in Greencastle East is currently $1,424, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 54.1% of Indiana neighborhoods.

Greencastle East is a rural neighborhood (based on population density) located in Greencastle, Indiana.

Greencastle East real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 Greencastle East 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.

Home and apartment vacancy rates are 7.7% in Greencastle East. NeighborhoodScout analysis shows that this rate is lower than 49.6% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 Greencastle, the Greencastle East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Greencastle East neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Greencastle East neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 66.0% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 97.7% of U.S. neighborhoods. Less time commuting means more time for other things in life.

People

If you're nearing retirement age, or in retirement, the Greencastle East is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 6.3% of retiree-friendly neighborhoods in Indiana, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Indiana. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for first-time home buyers.

Diversity

Did you know that the Greencastle East neighborhood has more Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.0% of this neighborhood's residents have Canadian ancestry.

Greencastle East is also pretty special linguistically. Significantly, 0.9% 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 97.1% of the neighborhoods in America.

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 Greencastle East neighborhood in Greencastle are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 80.9% of U.S. neighborhoods. With 16.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 62.9% 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 Greencastle East neighborhood, 32.4% 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 28.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (21.2%), and 18.0% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Greencastle East neighborhood is English, spoken by 94.6% of households.

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 Greencastle East neighborhood in Greencastle, IN, residents most commonly identify their ethnicity or ancestry as German (15.1%). There are also a number of people of English ancestry (9.7%), and residents who report Irish roots (9.1%), and some of the residents are also of Scottish ancestry (3.4%), along with some Dutch ancestry residents (3.4%), among others.

Getting to Work

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 Greencastle East neighborhood spend under 15 minutes commuting one-way to work (66.0% of working residents), one of the shortest commutes across America.

Here most residents (78.8%) 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 (16.7%) . 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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