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Real Estate Prices & Overview

Hickory Ridge East median real estate price is $308,541, which is more expensive than 49.9% of the neighborhoods in North Carolina and 41.2% of the neighborhoods in the U.S.

The average rental price in Hickory Ridge East is currently $2,419, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 78.2% of the neighborhoods in North Carolina.

Hickory Ridge East is a suburban neighborhood (based on population density) located in Charlotte, North Carolina.

Hickory Ridge East real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more 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 Hickory Ridge 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.

Real estate vacancies in Hickory Ridge East are 5.8%, which is lower than one will find in 61.5% of American neighborhoods. Demand for real estate in Hickory Ridge East is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

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 Charlotte, the Hickory Ridge East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the Hickory Ridge East stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 86.8% of the residential real estate here was built in this one time period.

Diversity

Did you know that the Hickory Ridge East neighborhood has more Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.4% of this neighborhood's residents have Sub-Saharan African 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 Hickory Ridge East neighborhood in Charlotte are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 69.3% of U.S. neighborhoods. With 26.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 77.8% of U.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 Hickory Ridge East neighborhood, 34.1% 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 30.5% of the residents employed. Other residents here are employed in executive, management, and professional occupations (22.3%), and 13.2% in clerical, assistant, and tech support occupations.

Languages

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 Hickory Ridge East neighborhood is English, spoken by 65.0% of households. Other important languages spoken here include Spanish and French.

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 Hickory Ridge East neighborhood in Charlotte, NC, residents most commonly identify their ethnicity or ancestry as Mexican (18.6%). There are also a number of people of Sub-Saharan African ancestry (10.4%), and residents who report German roots (6.3%), and some of the residents are also of Irish ancestry (6.1%), along with some English ancestry residents (3.4%), among others. In addition, 25.4% of the residents of this neighborhood were born in another country.

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 Hickory Ridge East neighborhood spend between 15 and 30 minutes commuting one-way to work (39.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (69.2%) 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 (19.1%) . 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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