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Real Estate Prices & Overview

Apex Southwest median real estate price is $536,362, which is more expensive than 79.3% of the neighborhoods in North Carolina and 67.2% of the neighborhoods in the U.S.

The average rental price in Apex Southwest is currently $2,759, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 87.8% of the neighborhoods in North Carolina.

Apex Southwest is a suburban neighborhood (based on population density) located in Apex, North Carolina.

Apex Southwest 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 owner occupied. Many of the residences in the Apex Southwest neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 6.7% in Apex Southwest. NeighborhoodScout analysis shows that this rate is lower than 55.7% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 Apex, the Apex Southwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

If you like the look and ambience of new homes and newly built neighborhoods, you will love the Apex Southwest neighborhood. A whopping 68.0% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 95.4% of the neighborhoods in the U.S. Everything here just feels new.

Diversity

Did you know that the Apex Southwest neighborhood has more Yugoslav and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.5% of this neighborhood's residents have Yugoslav ancestry and 2.5% have Hungarian 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 Apex Southwest neighborhood in Apex are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 58.1% of the neighborhoods in America. With 17.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 64.5% 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 Apex Southwest neighborhood, 51.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 17.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.6%), and 13.6% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Apex Southwest neighborhood is English, spoken by 90.6% of households. Some people also speak Chinese (3.1%).

Ethnicity / Ancestry

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 Apex Southwest neighborhood in Apex, NC, residents most commonly identify their ethnicity or ancestry as German (13.7%). There are also a number of people of Irish ancestry (13.6%), and residents who report Italian roots (11.6%), and some of the residents are also of English ancestry (9.4%), along with some Asian ancestry residents (8.8%), among others.

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 Apex Southwest neighborhood spend between 15 and 30 minutes commuting one-way to work (42.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (78.6%) drive alone in a private automobile to get to work. 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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