Otto median real estate price is $354,157, which is more expensive than 52.5% of the neighborhoods in North Carolina and 44.4% of the neighborhoods in the U.S.
The average rental price in Otto is currently $1,537, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 66.7% of North Carolina neighborhoods.
Otto is a remote neighborhood (based on population density) located in Franklin, North Carolina.
Otto real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Otto 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.
Vacant apartments or homes are a major fact of life in Otto. The current real estate vacancy rate here is 29.4%. This is higher than the rate of vacancies in 94.4% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (25.0%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually 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 Franklin, the Otto neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
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 Otto neighborhood in Franklin are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 88.5% of U.S. neighborhoods. With 40.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 89.5% 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 Otto neighborhood, 26.7% 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 25.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (25.3%), and 20.8% in clerical, assistant, and tech support occupations.
The most common language spoken in the Otto neighborhood is English, spoken by 87.5% of households. Some people also speak Spanish (11.9%).
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 Otto neighborhood in Franklin, NC, residents most commonly identify their ethnicity or ancestry as Mexican (13.0%). There are also a number of people of English ancestry (10.1%), and residents who report German roots (7.0%), and some of the residents are also of Irish ancestry (4.6%), along with some Sub-Saharan African ancestry residents (3.1%), among others.
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 Otto neighborhood spend between 15 and 30 minutes commuting one-way to work (39.7% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (85.0%) 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 (14.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.