Silver City median real estate price is $204,330, which is less expensive than 77.4% of North Carolina neighborhoods and 79.4% of all U.S. neighborhoods.
The average rental price in Silver City is currently $1,228, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 85.6% of North Carolina neighborhoods.
Silver City is a rural neighborhood (based on population density) located in Raeford, North Carolina.
Silver City 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 occupied by a mixture of owners and renters. Many of the residences in the Silver City neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Silver City. The current real estate vacancy rate here is 15.7%. This is higher than the rate of vacancies in 80.6% 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.
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.
With 3.8% of employed workers living in the Silver City neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 98.1% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
Of particular note, 3.0% of the people in the Silver City neighborhood currently reside in a correction facility, held due to punishment for a crime.
In addition, the Silver City neighborhood stands out for having an average per capita income lower than 95.5% of the neighborhoods in the United States.
Our research revealed that more commuters here take the bus to work (10.7% ride the bus) than 95.5% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.
Did you know that the Silver City neighborhood has more Native American and African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.5% of this neighborhood's residents have Native American ancestry and 6.9% have African 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 Silver City neighborhood in Raeford 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 52.3% 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.
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 Silver City neighborhood, 35.4% 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 27.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.2%), and 15.9% in clerical, assistant, and tech support occupations.
The most common language spoken in the Silver City neighborhood is English, spoken by 94.7% of households. Some people also speak Spanish (4.2%).
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 Silver City neighborhood in Raeford, NC, residents most commonly identify their ethnicity or ancestry as English (9.3%). There are also a number of people of Sub-Saharan African ancestry (6.9%), and residents who report African roots (6.9%), and some of the residents are also of Native American ancestry (5.5%), along with some German ancestry residents (4.2%), 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 Silver City neighborhood spend under 15 minutes commuting one-way to work (41.2% of working residents), one of the shortest commutes across America.
Here most residents (71.8%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (10.7%) and 7.6% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.