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Real Estate Prices & Overview

E Presnell St / Old Cedar Falls Rd median real estate price is $175,216, which is less expensive than 83.5% of North Carolina neighborhoods and 83.5% of all U.S. neighborhoods.

The average rental price in E Presnell St / Old Cedar Falls Rd is currently $1,284, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 86.2% of North Carolina neighborhoods.

E Presnell St / Old Cedar Falls Rd is a rural neighborhood (based on population density) located in Asheboro, North Carolina.

E Presnell St / Old Cedar Falls Rd real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the E Presnell St / Old Cedar Falls Rd neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in E Presnell St / Old Cedar Falls Rd. The current real estate vacancy rate here is 16.2%. This is higher than the rate of vacancies in 80.5% 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.

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

The E Presnell St / Old Cedar Falls Rd neighborhood has a greater percentage of children living in poverty (65.3%) than found in 97.8% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

Diversity

Did you know that the E Presnell St / Old Cedar Falls Rd neighborhood has more Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.5% of this neighborhood's residents have Cuban ancestry.

E Presnell St / Old Cedar Falls Rd is also pretty special linguistically. Significantly, 2.1% 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 96.6% of the neighborhoods in America.

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 E Presnell St / Old Cedar Falls Rd neighborhood in Asheboro are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 93.7% of U.S. neighborhoods. With 65.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.8% 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 E Presnell St / Old Cedar Falls Rd neighborhood, 35.7% of the working population is employed in manufacturing and laborer 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 27.2% of the residents employed. Other residents here are employed in executive, management, and professional occupations (27.0%), and 10.1% 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 E Presnell St / Old Cedar Falls Rd neighborhood is English, spoken by 71.5% of households. Other important languages spoken here include Spanish, Tagalog (the first language of the Philippine region) and German/Yiddish.

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 E Presnell St / Old Cedar Falls Rd neighborhood in Asheboro, NC, residents most commonly identify their ethnicity or ancestry as Mexican (12.1%). There are also a number of people of English ancestry (6.7%), and residents who report German roots (5.7%), and some of the residents are also of Sub-Saharan African ancestry (4.5%), along with some African ancestry residents (4.5%), among others. In addition, 12.1% of the residents of this neighborhood were born in another country.

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 E Presnell St / Old Cedar Falls Rd neighborhood spend between 15 and 30 minutes commuting one-way to work (45.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (69.4%) 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 (19.4%) . 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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