Five Points median real estate price is $846,145, which is more expensive than 93.2% of the neighborhoods in North Carolina and 84.2% of the neighborhoods in the U.S.
The average rental price in Five Points is currently $2,324, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 74.7% of the neighborhoods in North Carolina.
Five Points is a suburban neighborhood (based on population density) located in Raleigh, North Carolina.
Five Points 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 Five Points neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Home and apartment vacancy rates are 7.0% in Five Points. NeighborhoodScout analysis shows that this rate is lower than 53.8% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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 Raleigh, the Five Points neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
If you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the Five Points neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 97.8% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the Five Points neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for highly educated executives.
In addition, the rate of college educated adults in the Five Points neighborhood is a unique characteristic of the neighborhood. 75.1% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 34.3% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 96.1% of all U.S. neighborhoods.
Did you know that the Five Points neighborhood has more Scots-Irish and English ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.9% of this neighborhood's residents have Scots-Irish ancestry and 21.0% have English ancestry.
Five Points is also pretty special linguistically. Significantly, 6.7% of its residents five years old and above primarily speak Italian at home. While this may seem like a small percentage, it is higher than 95.6% of the neighborhoods in America.
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 Five Points neighborhood in Raleigh are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 91.9% of the neighborhoods in America. With 13.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 57.0% 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 Five Points neighborhood, 68.4% 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 21.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (5.9%), and 4.4% in government jobs, whether they are in local, state, or federal positions.
The most common language spoken in the Five Points neighborhood is English, spoken by 97.2% of households. Some people also speak Italian (6.7%).
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 Five Points neighborhood in Raleigh, NC, residents most commonly identify their ethnicity or ancestry as English (21.0%). There are also a number of people of Irish ancestry (15.7%), and residents who report German roots (10.2%), and some of the residents are also of Italian ancestry (6.7%), along with some Puerto Rican ancestry residents (5.3%), 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 Five Points neighborhood spend under 15 minutes commuting one-way to work (29.0% of working residents), one of the shortest commutes across America.
Here most residents (70.2%) 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.