I decided to treat the homes I've posted as if they were their own neighborhood and answer this question: how would that neighborhood stack up in terms of price against neighborhoods of central Raleigh? What I found was pretty jarring.
I did my best to control for certain factors. Since each of the homes I posted were built before 1960 (if not long before) and are also located close to the center of their respective towns, I sought out tracts with aged/historic residential properties that were also within a one mile radius of downtown Raleigh.
Without high-powered tools, collecting data and making sense of it is surely a bit more cumbersome and less accurate than it would be were I a real estate analyst, but here's what I found. The thirty-two tracts are divided by quartile, and the green "ENC" line is our historic ENC neighborhood.
I did my best to control for certain factors. Since each of the homes I posted were built before 1960 (if not long before) and are also located close to the center of their respective towns, I sought out tracts with aged/historic residential properties that were also within a one mile radius of downtown Raleigh.
Without high-powered tools, collecting data and making sense of it is surely a bit more cumbersome and less accurate than it would be were I a real estate analyst, but here's what I found. The thirty-two tracts are divided by quartile, and the green "ENC" line is our historic ENC neighborhood.
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The ENC neighborhood falls between the 14th and 15th most expensive neighborhoods in central Raleigh. In other words, the prices of the grandest homes in Eastern North Carolina are average by Raleigh standards.
Remember, these are the homes I'm talking about:
For maps of each tract, click to read more.
Data courtesy of trulia.com