Franklin Village / Old East Durham median real estate price is $392,068, which is more expensive than 59.4% of the neighborhoods in North Carolina and 50.3% of the neighborhoods in the U.S.
The average rental price in Franklin Village / Old East Durham is currently $2,321, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 74.5% of the neighborhoods in North Carolina.
Franklin Village / Old East Durham is a suburban neighborhood (based on population density) located in Durham, North Carolina.
Franklin Village / Old East Durham real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Franklin Village / Old East Durham neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Franklin Village / Old East Durham has a 11.5% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 67.5% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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 Durham, the Franklin Village / Old East Durham neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The Franklin Village / Old East Durham neighborhood stands out for having an average per capita income lower than 95.5% of the neighborhoods in the United States.
Did you know that the Franklin Village / Old East Durham neighborhood has more Canadian and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.4% of this neighborhood's residents have Canadian ancestry and 4.8% have Cuban ancestry.
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 Franklin Village / Old East Durham neighborhood in Durham are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.5% of U.S. neighborhoods. With 36.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.5% 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 Franklin Village / Old East Durham neighborhood, 31.1% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 30.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (23.8%), and 14.2% in clerical, assistant, and tech support occupations.
The most common language spoken in the Franklin Village / Old East Durham neighborhood is English, spoken by 69.6% of households. Some people also speak Spanish (27.7%).
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 Franklin Village / Old East Durham neighborhood in Durham, NC, residents most commonly identify their ethnicity or ancestry as Mexican (13.0%). There are also a number of people of Cuban ancestry (4.8%), and residents who report English roots (4.1%), and some of the residents are also of Irish ancestry (3.5%), along with some German ancestry residents (2.9%), among others. In addition, 25.3% of the residents of this neighborhood were born in another country.
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 Franklin Village / Old East Durham neighborhood spend between 15 and 30 minutes commuting one-way to work (40.8% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (63.0%) 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 (21.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.