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Real Estate Prices & Overview

Traceway S / Falling Strm median real estate price is $404,280, which is more expensive than 68.0% of the neighborhoods in North Carolina and 55.7% of the neighborhoods in the U.S.

The average rental price in Traceway S / Falling Strm is currently $1,884, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 45.5% of North Carolina neighborhoods.

Traceway S / Falling Strm is a rural neighborhood (based on population density) located in Sanford, North Carolina.

Traceway S / Falling Strm real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Traceway S / Falling Strm 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.

Home and apartment vacancy rates are 9.3% in Traceway S / Falling Strm. NeighborhoodScout analysis shows that this rate is lower than 41.3% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Occupations

With 7.3% of employed workers living in the Traceway S / Falling Strm neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 99.2% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

People

If you're nearing retirement age, or in retirement, the Traceway S / Falling Strm is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 8.5% of retiree-friendly neighborhoods in North Carolina, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in North Carolina.

Diversity

Did you know that the Traceway S / Falling Strm neighborhood has more Haitian and Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.9% of this neighborhood's residents have Haitian ancestry and 1.0% have Austrian ancestry.

Traceway S / Falling Strm is also pretty special linguistically. Significantly, 2.9% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 97.5% of the neighborhoods in America.

The Neighbors

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 Traceway S / Falling Strm neighborhood in Sanford are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 47.8% of the neighborhoods in America. In addition, 5.7% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 62.3% of America'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 Traceway S / Falling Strm neighborhood, 43.8% 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 24.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (15.0%), and 14.7% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Traceway S / Falling Strm neighborhood is English, spoken by 87.4% of households. Other important languages spoken here include Spanish, Italian, Polish and Korean.

Ethnicity / Ancestry

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 Traceway S / Falling Strm neighborhood in Sanford, NC, residents most commonly identify their ethnicity or ancestry as Irish (13.8%). There are also a number of people of German ancestry (13.0%), and residents who report English roots (10.4%), and some of the residents are also of Italian ancestry (5.2%), along with some French ancestry residents (3.2%), among others.

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 Traceway S / Falling Strm neighborhood spend between 45 minutes and one hour commuting one-way to work (34.3% of working residents), longer and tougher than most commutes in America.

Here most residents (82.4%) 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 (9.9%) . 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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