Franklin Chase Eviction Risk: Lower

The main counterweight is rent-regulation exposure, at 1/10. Severe burden reaches 21%. A tenant at that level absorbs no shock: one cut shift or one repair bill converts directly into arrears.

66% of occupied units are rented, so comparables are plentiful and vacancy risk is low, but a mispriced renewal loses the tenant to a building two streets over. On the softer side is economic stress, at 2.3/10. The filing record is not thin: 103 evictions logged in this tract.

Well under the midpoint is eviction-process difficulty, at 2.5/10. SNAP participation is 5.9% of households versus 15.2% nationally.

Average gross rent is $1,519, 13% below the Cary average of $1,738. Food insecurity affects 8.5% of adults, 9.3 points below the national rate. Filing activity peaked in 2015 at 2.8% of renter households.

Recent filings have not receded much: 2.6% in 2016 against a 2.8% peak. Among the 39 mapped neighborhoods of Cary, it ranks #7 by risk, the upper third.

For a like-for-like read, Whittington Park Northwoods and Walnut Hills score within a fraction of it. Annual rent works out to 21% of average household income of $86,595.

Because the boundary contains one tract, 3.9/10 is simultaneously the area figure and the address-level figure. The number is rebuilt whenever its ACS, court-record, or statutory inputs change.