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Real Estate Prices & Overview

Colony / Golden Acres median real estate price is $218,467, which is more expensive than 34.4% of the neighborhoods in South Carolina and 22.8% of the neighborhoods in the U.S.

The average rental price in Colony / Golden Acres is currently $1,294, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 79.9% of South Carolina neighborhoods.

Colony / Golden Acres is a suburban neighborhood (based on population density) located in Columbia, South Carolina.

Colony / Golden Acres real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Colony / Golden Acres neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Colony / Golden Acres has a 10.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 64.6% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are 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.

People

Single parenting is hard. But you don't have to tell the Colony / Golden Acres neighborhood about it; they already know. 47.0% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 100.0% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

In addition, the Colony / Golden Acres neighborhood stands out for having an average per capita income lower than 99.9% of the neighborhoods in the United States. Also of note, 76.3% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

Modes of Transportation

Our research shows that more people carpool to work here in the Colony / Golden Acres (27.3%) than in 97.9% of the neighborhoods in America.

Occupations

With 3.2% of employed workers living in the Colony / Golden Acres neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 97.7% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Furthermore, from major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Colony / Golden Acres neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 95.3% of all American neighborhoods.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Colony / Golden Acres neighborhood buck this trend. 22.3% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.7% of U.S. neighborhoods.

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 Colony / Golden Acres neighborhood in Columbia are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.9% of U.S. neighborhoods. With 76.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.1% 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 Colony / Golden Acres neighborhood, 37.5% 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 31.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.4%), and 14.5% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Colony / Golden Acres neighborhood is English, spoken by 95.4% of households. Some people also speak Spanish (4.0%).

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 Colony / Golden Acres neighborhood in Columbia, SC, residents most commonly identify their ethnicity or ancestry as Puerto Rican (4.1%). There are also a number of people of Sub-Saharan African ancestry (2.1%), and residents who report African roots (2.1%).

Getting to Work

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 Colony / Golden Acres neighborhood spend between 15 and 30 minutes commuting one-way to work (59.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (50.9%) 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 (27.3%) and 9.8% of residents also ride the bus 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.


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