Approximately 92.4 percent of North Carolina neighborhoods and 77.5 percent of neighborhoods in the United States have a median real estate price higher than Bayshore’s $462,094, making it the most expensive neighborhood in the state. The current average rental price in Bayshore is $2,003, according to Zumper. Compared to the rest of North Carolina, this neighborhood has a higher average rental cost than 92.3 percent of the state’s neighborhoods.
Bayshore is a suburban area in Wilmington, NC that is classified as such because of its high population density. This is a neighborhood on the seaside (i.e., is on the ocean, a bay, or inlet).
Bayshore real estate is mostly comprised of single-family homes ranging in size from medium (three or four bedrooms) to big (four, five, or more bedrooms), as well as apartment complexes and high-rise apartments. The vast majority of residential real estate is owned and occupied by the property’s owner. Many of the homes in the neighborhood are younger, having been completed in 2000 or more recently, which makes them more desirable. Between 1970 and 1999, a number of residential buildings were constructed as well.
Bayshore has a vacancy rate of 15.8 percent, which is much higher than the national average when compared to other U.S. communities (higher than 76.8 percent of American neighborhoods). Seasonally occupied housing accounts for 12.7 percent of the total housing stock in this market, which is common in markets with a high concentration of colleges or vacation properties. If you live here year-round, you will notice that many of the homes and apartments are vacant for the majority of the time or for a portion of the time.
Bayshore is a neighborhood that is located on or near the ocean, a bay, or an inlet, among other things. These sites frequently feature amenities that attract residents and visitors to the shoreline for leisure activities or simply to take in the beauty. For residents of highly populated places who are less financially prosperous, the neighborhood waterfront may be primarily industrial and not conducive to recreational activities.
Additionally, Bayshore is a very nautical area, which means that it is relatively historic, walkable, densely populated, and located on the sea, in addition to being coastal. This gives the neighborhood a highly nautical air, with a strong sense of the seaside and shipping, which some people may find very pleasing in terms of views and noises.
Furthermore, homes constructed between 2000 and now account for a greater part of the Bayshore neighborhood’s real estate landscape than they do in 96.4 percent of other American neighborhoods.
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