What do we mean by a neighborhood?
NeighborhoodScout® uses the official government designation for neighborhoods - the census tract.
Census tracts are small, relatively permanent subdivisions of a county that are defined by the U.S. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics (including economic status, lifestyle, and living conditions). Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us. Because census tracts are based on population, they vary in size depending on the density of settlement. In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas.
Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town. Then we named each census tract to the local colloquially recognized neighborhood name for that spot (e.g., Boston, MA (Dorchester). If there was not a name available, we named the census tract by the largest street intersection in the census tract (e.g., Worcester, MA (Lincoln St/Plantation St)
Why we don't use Zip Codes as neighborhoods
Zip codes were developed by the Postal Service for the purpose of delivering mail, but were never intended to define coherent neighborhoods. In addition, Zip Codes can have as many as 10 distinctly different census tracts contained within them. When distinct census tracts are blended together in a single Zip Code, the data reflects their average conditions and often gives a false sense of the area. The result is that potentially great matching neighborhoods can be missed, and erroneous matches can also be produced and delivered to you.
Using census tracts makes great matches possible, and helps people find the areas that are best for them and their families. Because we are committed to providing the highest possible quality and finding the neighborhoods that best meet your criteria, we use census tracts. And, as always, we show you the actual street map of the neighborhood so you know exactly where your best matching neighborhood is located.
What is a Condition Alert?
A condition alert is a condition in the neighborhood that triggers an alert. NeighborhoodScout contains condition alerts to highlight conditions that are extreme, whether good or bad. This helps answer crucial questions about the state of the neighborhood being evaluated, such as:
What are the risks of violent crime here?
Is the risk of home break-ins or other property crimes increasing?
Does real estate here hold its value?
Are the trends in local vacancies or unemployment concerning?
...and dozens more.
Information at a glance that you need to know to invest, appraise or finance a property.
Monogram / Red Bug median real estate price is $242,717, which is more expensive than 34.0% of the neighborhoods in North Carolina and 29.1% of the neighborhoods in the U.S.
The average rental price in Monogram / Red Bug is currently $1,454, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 73.2% of North Carolina neighborhoods.
Monogram / Red Bug is a rural neighborhood (based on population density) located in Shallotte, North Carolina. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Monogram / Red Bug 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 owner occupied. Many of the residences in the Monogram / Red Bug 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.
Vacant apartments or homes are a major fact of life in Monogram / Red Bug. The current real estate vacancy rate here is 39.9%. This is higher than the rate of vacancies in 97.5% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (30.4%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually 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.
Real Estate
Monogram / Red Bug is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, Monogram / Red Bug is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.
In addition, the Monogram / Red Bug neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 66.1% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.7% 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.
Furthermore, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 39.9% of the residential real estate vacant, the Monogram / Red Bug neighborhood claims the distinction of having a higher vacancy rate than 97.5% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.
Diversity
Did you know that the Monogram / Red Bug neighborhood has more French ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.6% of this neighborhood's residents have French ancestry.
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 Monogram / Red Bug neighborhood in Shallotte are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 91.2% of U.S. neighborhoods. With 35.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.0% 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 Monogram / Red Bug neighborhood, 33.2% 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 27.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (22.9%), and 16.8% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the Monogram / Red Bug neighborhood is English, spoken by 97.1% of households. Some people also speak Spanish (2.9%).
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 Monogram / Red Bug neighborhood in Shallotte, NC, residents most commonly identify their ethnicity or ancestry as English (12.7%). There are also a number of people of French ancestry (11.6%), and residents who report Irish roots (9.6%), and some of the residents are also of Mexican ancestry (6.5%), along with some German ancestry residents (5.4%), 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 Monogram / Red Bug neighborhood spend between 15 and 30 minutes commuting one-way to work (46.6% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (88.8%) 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 (6.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
SCOUT’s patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.
