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Real Estate Prices & Overview

Speedway Blvd / Weddington Rd median real estate price is $334,430, which is more expensive than 55.7% of the neighborhoods in North Carolina and 45.6% of the neighborhoods in the U.S.

The average rental price in Speedway Blvd / Weddington Rd is currently $3,057, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.2% of the neighborhoods in North Carolina.

Speedway Blvd / Weddington Rd is a rural neighborhood (based on population density) located in Concord, North Carolina.

Speedway Blvd / Weddington Rd real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Speedway Blvd / Weddington Rd neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Speedway Blvd / Weddington Rd has a 13.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 72.8% 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

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.

People

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

Diversity

Did you know that the Speedway Blvd / Weddington Rd neighborhood has more Greek and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.8% of this neighborhood's residents have Greek ancestry and 12.1% have Puerto Rican ancestry.

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 Speedway Blvd / Weddington Rd neighborhood in Concord are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 58.2% 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 Speedway Blvd / Weddington Rd neighborhood, 39.4% 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 27.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.0%), and 13.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Speedway Blvd / Weddington Rd neighborhood is English, spoken by 82.9% of households. Some people also speak Spanish (13.3%).

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 Speedway Blvd / Weddington Rd neighborhood in Concord, NC, residents most commonly identify their ethnicity or ancestry as Puerto Rican (12.1%). There are also a number of people of English ancestry (10.6%), and residents who report German roots (8.2%), and some of the residents are also of Sub-Saharan African ancestry (7.5%), along with some Irish ancestry residents (7.2%), among others.

Getting to Work

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 Speedway Blvd / Weddington Rd neighborhood spend between 30 and 45 minutes commuting one-way to work (36.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (74.7%) 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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