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Real Estate Prices & Overview

Ballantyne median real estate price is $519,602, which is more expensive than 81.0% of the neighborhoods in North Carolina and 68.3% of the neighborhoods in the U.S.

The average rental price in Ballantyne is currently $2,798, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 88.6% of the neighborhoods in North Carolina.

Ballantyne is a suburban neighborhood (based on population density) located in Charlotte, North Carolina.

Ballantyne real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Ballantyne 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.

In Ballantyne, the current vacancy rate is 1.2%, which is a lower rate of vacancies than 90.5% of all neighborhoods in the U.S. This means that the housing supply in Ballantyne is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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.

People

In a nation where 1 out of every 4 children lives in poverty, the Ballantyne neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 43.6% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 98.1% of U.S. neighborhoods, where the average American neighborhood has 13.4% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.

Modes of Transportation

In the Ballantyne neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 31.7% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 97.7% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.

Occupations

The Ballantyne neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 97.4% of the neighborhoods in America. In fact, 74.0% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Ballantyne neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 61.4% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 96.6% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Real Estate

The real estate in the Ballantyne neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 73.5% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 95.6% of American neighborhoods.

Diversity

Did you know that the Ballantyne neighborhood has more Greek and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.6% of this neighborhood's residents have Greek ancestry and 8.4% have South American ancestry.

Ballantyne is also pretty special linguistically. Significantly, 6.7% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 98.3% of the neighborhoods in America.

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 Ballantyne neighborhood in Charlotte 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 86.8% of the neighborhoods in America. In addition, 0.0% 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 100.0% 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 Ballantyne neighborhood, 74.0% 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 16.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (5.2%), and 4.6% 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 Ballantyne neighborhood is English, spoken by 42.2% of households. Other important languages spoken here include Spanish, Langs. of India and Vietnamese.

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 Ballantyne neighborhood in Charlotte, NC, residents most commonly identify their ethnicity or ancestry as Asian (16.6%). There are also a number of people of Puerto Rican ancestry (8.6%), and residents who report South American roots (8.4%), and some of the residents are also of German ancestry (6.2%), along with some Mexican ancestry residents (3.8%), among others. In addition, 39.8% of the residents of this neighborhood were born in another country.

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 Ballantyne neighborhood spend under 15 minutes commuting one-way to work (61.4% of working residents), one of the shortest commutes across America.

Here most residents (47.8%) 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 (20.5%) . 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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