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Real Estate Prices & Overview

Elrod median real estate price is $87,302, which is less expensive than 98.2% of North Carolina neighborhoods and 96.7% of all U.S. neighborhoods.

The average rental price in Elrod is currently $1,222, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 89.9% of North Carolina neighborhoods.

Elrod is a rural neighborhood (based on population density) located in Rowland, North Carolina.

Elrod real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) mobile homes and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Elrod 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.

Elrod has a 12.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 69.4% 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.

Notable & Unique Neighborhood Characteristics

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 Rowland, the Elrod neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The Elrod neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 56.4% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.5% of the neighborhoods in the U.S. If you like mobile homes, this might be a great neighborhood in which to look for real estate.

People

The Elrod neighborhood stands out for having an average per capita income lower than 96.3% of the neighborhoods in the United States.

Diversity

Did you know that the Elrod neighborhood has more Native American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 86.4% of this neighborhood's residents have Native American ancestry.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. More residents of the Elrod neighborhood live here today that also were living in this same neighborhood five years ago than is found in 95.9% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.

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 Elrod neighborhood in Rowland are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 96.3% of U.S. neighborhoods. With 47.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 92.9% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Elrod neighborhood, 31.6% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 27.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.3%), and 19.4% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Elrod neighborhood is English, spoken by 99.2% of households.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Elrod neighborhood in Rowland, NC, residents most commonly identify their ethnicity or ancestry as Native American (86.4%). There are also a number of people of Asian ancestry (1.1%).

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Elrod neighborhood spend between 15 and 30 minutes commuting one-way to work (42.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (88.2%) 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 (9.0%) . 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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