Method median real estate price is $318,900, which is more expensive than 50.6% of the neighborhoods in North Carolina and 41.6% of the neighborhoods in the U.S.
The average rental price in Method is currently $1,822, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 44.2% of North Carolina neighborhoods.
Method is an urban neighborhood (based on population density) located in Raleigh, North Carolina.
Method 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 renter occupied. Many of the residences in the Method neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Method. The current real estate vacancy rate here is 15.8%. This is higher than the rate of vacancies in 80.9% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
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.
One of the really interesting characteristics about the Method neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 0.1% of college-friendly places to live in the state of North Carolina.
In addition, neighborhoodScout's analysis shows that the Method neighborhood has a greater concentration of residents currently enrolled in college than 99.7% of the neighborhoods in the U.S. With 75.8% of the population here attending college, this is very much a college-focused neighborhood.
Also, one of the unique characteristics of the Method neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 97.1% of the neighborhoods in America. The Method neighborhood also has a greater percentage of children living in poverty (62.8%) than found in 97.5% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Method neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 99.2% of all American neighborhoods.
95.9% of the real estate in the Method neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
More people ride the bus in this neighborhood each day to get to work than 97.7% of U.S. neighborhoods.
Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 4.3% of residents in the Method neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 97.7% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Finally, in the Method neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 12.0% of residents here. This is a higher proportion of walking commuters than we found in 96.0% of American neighborhoods. Get ready to put on your walking shoes if you move here!
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the Method neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.0% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Significantly, 2.1% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 95.3% of the neighborhoods in America.
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 Method neighborhood in Raleigh are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.1% of U.S. neighborhoods. With 62.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.5% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Method neighborhood, 47.7% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 28.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.5%), and 7.5% in manufacturing and laborer occupations.
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 Method neighborhood is English, spoken by 85.9% of households. Other important languages spoken here include Spanish and African languages.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Method neighborhood in Raleigh, NC, residents most commonly identify their ethnicity or ancestry as Asian (9.9%). There are also a number of people of Sub-Saharan African ancestry (3.6%), and residents who report Mexican roots (3.1%), and some of the residents are also of German ancestry (2.5%), along with some Italian ancestry residents (2.1%), among others. In addition, 10.8% of the residents of this neighborhood were born in another country.
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 Method neighborhood spend between 15 and 30 minutes commuting one-way to work (41.8% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (49.9%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (15.6%) and 12.0% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.