Red Bank East median real estate price is $217,247, which is less expensive than 63.4% of South Carolina neighborhoods and 75.7% of all U.S. neighborhoods.
The average rental price in Red Bank East is currently $1,519, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 66.6% of South Carolina neighborhoods.
Red Bank East is a rural neighborhood (based on population density) located in Lexington, South Carolina.
Red Bank East real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) mobile homes 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 Red Bank East 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 Red Bank East, 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 Red Bank East is very tight compared to the demand for property here.
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 Lexington, the Red Bank East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
With a real estate vacancy rate of only 0.0%, the Red Bank East 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, the Red Bank East neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 54.7% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.4% 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.
Significantly, 1.2% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 97.7% of the neighborhoods in America.
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 Red Bank East neighborhood in Lexington are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 83.1% of U.S. neighborhoods. In addition, 7.3% 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 57.7% 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 Red Bank East neighborhood, 32.7% of the working population is employed in manufacturing and laborer 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 29.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.5%), and 17.8% in executive, management, and professional occupations.
The most common language spoken in the Red Bank East neighborhood is English, spoken by 93.9% of households. Some people also speak Spanish (4.2%).
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 Red Bank East neighborhood in Lexington, SC, residents most commonly identify their ethnicity or ancestry as German (15.8%). There are also a number of people of Irish ancestry (15.8%), and residents who report English roots (11.1%), and some of the residents are also of Mexican ancestry (7.6%), along with some Dutch ancestry residents (2.3%), 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 Red Bank East neighborhood spend between 15 and 30 minutes commuting one-way to work (60.6% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (81.2%) 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 (13.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.