Bedford At Falls River median real estate price is $633,884, which is more expensive than 87.9% of the neighborhoods in North Carolina and 75.8% of the neighborhoods in the U.S.
The average rental price in Bedford At Falls River is currently $2,756, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 87.2% of the neighborhoods in North Carolina.
Bedford At Falls River is a suburban neighborhood (based on population density) located in Raleigh, North Carolina.
Bedford At Falls River real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Bedford At Falls River neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In Bedford At Falls River, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Bedford At Falls River is very tight compared to the demand for property here.
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.
Owner-occupied real estate dominates the Bedford At Falls River neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 96.9% of neighborhoods in America. With a real estate vacancy rate of only 0.0%, the Bedford At Falls River neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
In addition, homes built from 2000 through today make up a higher proportion of the Bedford At Falls River neighborhood's real estate landscape than 96.7% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 75.2% of the residential real estate here is classified as newer.
If you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 4.7% of America's neighborhoods are wealthier than the Bedford At Falls River neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe. As one would expect in a considerably wealthy neighborhood such as this, Bedford At Falls River also has one of the lowest ratings of child poverty in the nation.
In addition, astoundingly, NeighborhoodScout's research reveals that this single neighborhood has a higher concentration of married couples living here than 99.8% of all U.S. neighborhoods. Whether they have school-aged children or not, married couples are the rule in the Bedford At Falls River neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests. But if you are single, you might not find many other singles here.
Also, according to NeighborhoodScout's exclusive analysis, Bedford At Falls River is among the best neighborhoods for families in North Carolina. In fact, this neighborhood is more family-friendly than 98.1% of neighborhoods in the entire state of North Carolina. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Bedford At Falls River neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for urban sophisticates and highly educated executives.
Finally, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 76.3% of the adults living in the Bedford At Falls River neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 96.6% of U.S. neighborhoods. In this way, this neighborhood truly stands out.
A unique way of commuting is simply not to. And in the Bedford At Falls River neighborhood, analysis shows that 33.5% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 98.3% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.
Did you know that the Bedford At Falls River neighborhood has more English and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 27.4% of this neighborhood's residents have English ancestry and 1.8% have Iranian ancestry.
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 Bedford At Falls River 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 95.3% 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.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Bedford At Falls River neighborhood, 58.2% 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 28.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (7.3%), and 7.0% in government jobs, whether they are in local, state, or federal positions.
The most common language spoken in the Bedford At Falls River neighborhood is English, spoken by 92.8% of households.
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 Bedford At Falls River neighborhood in Raleigh, NC, residents most commonly identify their ethnicity or ancestry as English (27.4%). There are also a number of people of German ancestry (21.0%), and residents who report Irish roots (20.6%), and some of the residents are also of Italian ancestry (9.3%), along with some Asian ancestry residents (6.8%), 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 Bedford At Falls River neighborhood spend between 15 and 30 minutes commuting one-way to work (41.9% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (65.9%) 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.