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    AI-Generated Neighborhood Summary

    Location and Amenities

    Asheboro is located in Randolph County, North Carolina. It's known for its proximity to the North Carolina Zoo, one of the largest natural habitat zoos in the world. There are numerous parks, such as Bicentennial Park and North Asheboro Park, which offer recreational activities. The city has several grocery stores, including Food Lion and Walmart. Asheboro hosts events throughout the year and has local attractions like the Asheboro Country Club.

    Crime Rate, Schools, and Income

    The crime rate in Asheboro is generally considered moderate compared to other U.S. cities. The Asheboro City Schools district serves the area, with schools like Asheboro High School, South Asheboro Middle School, and several elementary schools. School ratings may vary, but they offer a range of educational programs. The average household income in Asheboro is lower than the national average, reflecting its small-town economic structure. Nearby neighborhoods may have slight variations in income levels.

    Job Growth and Proximity

    Asheboro's economy historically relied on manufacturing and textiles, but there has been a shift towards services and retail. Job growth has been gradually improving, with new businesses and industries contributing to the local economy. Asheboro is about 70 miles from Raleigh and approximately 25 miles from Greensboro, providing access to larger city centers for additional employment and cultural opportunities.

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    Neighborhood Insights
    Key metrics about this location

    Neighborhood Summary

    Nestled in an urban setting, this neighborhood offers a distinctive lifestyle characterized by affordability and a vibrant community spirit. With a median home price of $85,700, it presents a remarkable opportunity for buyers seeking entry into the real estate market, especially when compared to the national median home price that typically soars above $400,000. This affordability, however, comes with certain trade-offs. The neighborhood faces socioeconomic challenges, including a poverty rate of 48%, significantly higher than the national average of around 11%. This suggests that while housing is affordable, economic opportunities may be limited, impacting overall community welfare.

    The community shows a notable preference for renting, with 60% of residents being renters compared to only 25% who own their homes. This contrasts with national trends where homeownership often predominates. Surprisingly, a large portion of homeowners, 55%, own their properties outright, a figure that contrasts positively when considering the burden of mortgages. However, 39% of those with a mortgage spend 30% or more of their income on housing, illustrating financial strain akin to national concerns about housing affordability. With 15% of housing units vacant, there are opportunities for investment, yet this rate indicates potential issues with demand or economic stability.

    Socially, the neighborhood is diverse, with a dominant Black population and 10% of residents being non-US citizens, enriching the cultural tapestry. Family structures here differ from national averages, with only 27% of households consisting of married-couple families. The local unemployment rate of 7% is higher than the national average, highlighting economic hurdles that potential investors should consider. Educational attainment data is missing, but given the economic indicators, this could impact the quality of life and future growth prospects.

    For potential homebuyers and investors drawn to affordability but wary of these metrics, it might be wise to explore alternative neighborhoods within the area that maintain similar price points but offer more favorable socioeconomic conditions. Such areas may provide a more balanced mix of economic opportunity and community stability, aligning better with long-term investment goals while still providing affordable housing options. This balance between affordability and opportunity is crucial for making informed real estate decisions.

    Median Home Price

    $85,700

    Walk Score

    -

    Bike Score

    -

    Median Household Income

    -

    Percent Under Poverty

    48%

    Median Contract Rent

    $462

    Owners vs Renters

    25% / 60%

    Vacant Housing Units

    15%

    Unemployment Rate

    7%

    College Degree

    0%

    Dominant Race

    Black

    Married-Couple Families

    27%

    Owners Without Morgages

    55%

    Mortgage ≥ 30% Income

    39%

    Rent ≥ 30% Income

    N/A

    Non-US Citizens

    10%
    Location Map
    Overview of the neighborhood
    Nearby Places
    Essential locations and points of interest in the area

    Bicentennial Park

    1.2 miles

    Randolph Health

    2.0 miles

    Food Lion

    1.8 miles

    The Table Farmhouse Bakery

    1.6 miles

    Anytime Fitness

    1.9 miles

    Piedmont Triad International Airport

    42 miles

    Asheboro High School

    1.5 miles

    North Carolina Zoo

    6.5 miles

    Randolph County Public Library

    1.4 miles

    Neighborhood Assessment
    Key advantages and considerations for this area

    Dynamic Insights

    The median home value in Asheboro increased from $83,500 in 2000 to $204,164 in 2023, reflecting a significant appreciation over the past two decades.
    The property crime rate in Asheboro decreased from 624.0 in 2011 to 236.3 in 2023, indicating a substantial improvement in public safety.
    The median household income in Asheboro grew from $40,571 in 2021 to $44,405 in 2022, marking a 9.45% increase within a year.
    The population of Asheboro increased from 25,012 in 2010 to 27,726 in 2023, demonstrating steady growth over the past decade. These trends suggest a positive trajectory for Asheboro's development and economic health.

    Custom Narratives

    Asheboro's real estate market experienced a 4.29% decrease in median listing prices from September 2023 to August 2024, dropping from $269,000 to $257,400, while median sold prices increased by 6.09% during the same period, rising from $220,100 to $233,500.
    The median household income in Asheboro is $48,628, with the highest median income of $57,175 among householders aged 45 to 64 years, indicating potential for mid-life homebuyers.
    Asheboro's population of 27,353 has a median age of 36.1 years, with 28.3% identifying as Hispanic, reflecting a diverse and youthful community.
    With a median home value of $162,800, Asheboro offers affordable housing options compared to state and national averages, appealing to first-time homebuyers and investors. These insights highlight Asheboro's evolving real estate market and diverse community, offering opportunities for various homebuyers and investors.

    Green Flags

    Scenic natural beauty with parks and trails
    Friendly and welcoming community
    Affordable cost of living
    Rich cultural and historical heritage

    Red Flags

    Limited job opportunities
    Lack of nightlife options
    Limited public transportation
    Few high-end dining and shopping options
    Flood Risk Assessment
    FEMA flood zone information and historical flooding data

    Flood Zone

    Flood zone information is not available for this property at this time.

    Historical Flooding

    Historical flood damage records are not available for this property.

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