Manning Dr / Fordham Blvd S median real estate price is $895,676, which is more expensive than 96.3% of the neighborhoods in North Carolina and 88.3% of the neighborhoods in the U.S.
The average rental price in Manning Dr / Fordham Blvd S is currently $2,401, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 77.6% of the neighborhoods in North Carolina.
Manning Dr / Fordham Blvd S is a densely urban neighborhood (based on population density) located in Chapel Hill, North Carolina.
Manning Dr / Fordham Blvd S 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 Manning Dr / Fordham Blvd S neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Manning Dr / Fordham Blvd S. The current real estate vacancy rate here is 37.5%. This is higher than the rate of vacancies in 97.1% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
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
One of the really interesting characteristics about the Manning Dr / Fordham Blvd S neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 0.2% of college-friendly places to live in the state of North Carolina.
In addition, an extraordinary 90.8% of the residents of the Manning Dr / Fordham Blvd S neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.
Also, the Manning Dr / Fordham Blvd S neighborhood stands out for having an average per capita income lower than 97.6% of the neighborhoods in the United States.
Modes of Transportation
Would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Manning Dr / Fordham Blvd S neighborhood is a fantastic option for bicycle commuters, as 12.5% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 99.8% of the neighborhoods in America.
Also, more people in Manning Dr / Fordham Blvd S choose to walk to work each day (29.2%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Real Estate
Renter-occupied real estate is dominant in the Manning Dr / Fordham Blvd S neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 99.9%, which is higher than 99.3% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so. Despite all of the residential real estate here in the Manning Dr / Fordham Blvd S neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 37.5%, which is higher than 97.1% of all U.S. neighborhoods.
In addition, the Manning Dr / Fordham Blvd S neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 92.4% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Furthermore, the real estate in the Manning Dr / Fordham Blvd S neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 82.4% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.0% of American neighborhoods.
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 Manning Dr / Fordham Blvd S neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Manning Dr / Fordham Blvd S neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 61.0% 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 96.4% of U.S. neighborhoods. Less time commuting means more time for other things in life.
Occupations
There are more people living in the Manning Dr / Fordham Blvd S neighborhood employed as sales and service workers (60.4%) 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.
Migration / Stability
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the Manning Dr / Fordham Blvd S neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.8% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
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 Manning Dr / Fordham Blvd S neighborhood in Chapel Hill are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.6% of U.S. neighborhoods. With 52.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 95.0% 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 Manning Dr / Fordham Blvd S neighborhood, 40.9% of the working population is employed in executive, management, and professional 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 39.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.8%), and 3.8% in manufacturing and laborer occupations.
Languages
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Manning Dr / Fordham Blvd S neighborhood is English, spoken by 79.5% of households. Other important languages spoken here include Spanish, Chinese and Langs. of India.
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 Manning Dr / Fordham Blvd S neighborhood in Chapel Hill, NC, residents most commonly identify their ethnicity or ancestry as Asian (19.7%). There are also a number of people of Sub-Saharan African ancestry (2.1%), and residents who report German roots (2.0%), and some of the residents are also of English ancestry (1.7%), along with some Italian ancestry residents (1.6%), among others. In addition, 11.5% 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 Manning Dr / Fordham Blvd S neighborhood spend under 15 minutes commuting one-way to work (61.0% of working residents), one of the shortest commutes across America.
Here most residents (29.2%) hop out the door and walk to work to get to work. In addition, quite a number also drive alone in a private automobile to get to work (24.7%) and 12.5% of residents also bicycle for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.
