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Real Estate Prices & Overview

Cypress Island median real estate price is $598,432, which is more expensive than 86.8% of the neighborhoods in North Carolina and 74.5% of the neighborhoods in the U.S.

The average rental price in Cypress Island is currently $1,609, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 61.0% of North Carolina neighborhoods.

Cypress Island is a suburban neighborhood (based on population density) located in Wilmington, North Carolina.

Cypress Island real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Cypress Island neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Cypress Island are 5.3%, which is lower than one will find in 64.6% of American neighborhoods. Demand for real estate in Cypress Island 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

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

According to NeighborhoodScout's exclusive analysis, Cypress Island is among the best neighborhoods for families in North Carolina. In fact, this neighborhood is more family-friendly than 98.0% of neighborhoods in the entire state of North Carolina. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Cypress Island neighborhood.

Diversity

Significantly, 4.1% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 98.8% 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 Cypress Island neighborhood in Wilmington are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 52.3% of the neighborhoods in America. In addition, 6.9% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 58.8% of America'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 Cypress Island neighborhood, 52.2% 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 28.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (13.5%), and 6.1% in clerical, assistant, and tech support 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 Cypress Island neighborhood is English, spoken by 91.6% of households. Other important languages spoken here include German/Yiddish and Korean.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Cypress Island neighborhood in Wilmington, NC, residents most commonly identify their ethnicity or ancestry as English (16.1%). There are also a number of people of Irish ancestry (14.3%), and residents who report German roots (13.7%), and some of the residents are also of Italian ancestry (9.8%), along with some French ancestry residents (5.5%), 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 Cypress Island neighborhood spend between 30 and 45 minutes commuting one-way to work (36.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (69.7%) drive alone in a private automobile to get to work. 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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