Real Estate Prices and Overview
Charing Cross median real estate prices are $444,293, which is more expensive than 99.3% of the neighborhoods
in Michigan and 90.2% of the
neighborhoods in the U.S.
Average rental prices in Charing Cross are currently
unreported, based on NeighborhoodScout's exclusive analysis.
Charing Cross is a suburban neighborhood (based on population
density) located in Bloomfield Hills, Michigan.
Charing Cross real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes.
Most of the residential real estate is owner occupied. Many of
the residences in the Charing Cross neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Charing Cross, the current vacancy rate is 4.3%,
which is a lower rate of vacancies than 80.4% of all neighborhoods
in the U.S. This means that the housing supply in Charing Cross
is very tight compared to the demand for property here.
Notable & Unique Neighborhood Characteristics
The way a neighborhood looks and feels when you walk or drive around it, from
its setting, its buildings, and its flavor, can make all the difference. This
neighborhood has some really cool things about the way it looks and feels as
revealed by NeighborhoodScout's exclusive research. This might include anything
from the housing stock to the types of households living here to how people
Notable & Unique: People
A majority of the adults in the Charing Cross neighborhood
are wealthy and educated executives. They own stately
homes that tend to maintain high real estate appreciation rates. Their
upper-level careers keep them busy, but allow them to live comfortably.
If you're an executive and want to keep similar company, consider settling
in this neighborhood, rated as an executive lifestyle
"best choice" neighborhood for Michigan by NeighborhoodScout's analysis,
which rated it as better for executive lifestyles than 98.9%
of the neighborhoods in Michigan.
In addition to being an excellent choice for highly educated executives, this
neighborhood is also a very good choice for families with school-aged children , active retirees and urban sophisticates.
In addition, the rate of college educated adults in the Charing Cross neighborhood
is a unique characteristic of the neighborhood. 76.2% of
adults here have received at least a 4-year bachelor's degree, compared to
the average neighborhood in America, which has 22.6% of the adults with a
bachelor's degree. The rate here is higher than NeighborhoodScout found in
98.3% of all U.S. neighborhoods.
Also, if you come to know the people here, you will recognize that you're
in the company of one of the wealthiest communities in the nation. In
fact, a mere 4.9% of America's neighborhoods are wealthier than the
Charing Cross neighborhood. Real estate here is exceedingly
well-maintained, and similarly, tends to maintain its value over time.
The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and
Lexus. If the public schools aren't up to snuff, the residents of this
neighborhood preferentially send their children to private preparatory
schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
Notable & Unique: Diversity
Did you know that the Charing Cross neighborhood has more
Romanian and Greek ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 0.8% of
this neighborhood's residents have Romanian ancestry and 1.8% have Greek ancestry.
Charing Cross is also pretty special linguistically. Significantly, 0.4% of its residents five years old and above primarily
speak Hebrew at home. While this may seem like a small percentage, it is higher
than 96.0% of the neighborhoods in America.
Notable & Unique: Car Ownership
Most American households own a car or other vehicle. Many own two cars
or perhaps three. In the United States, it is useful to have an automobile
not only for commuting, but also for shopping and getting to other services
one needs. But NeighborhoodScout's analysis revealed that households in
the Charing Cross neighborhood have a highly unusual car ownership.
Residents of this neighborhood must really love automobiles. NeighborhoodScout's
Analysis reveals that 38.6% of the households here have four, five,
or more cars. That is more cars per household than in 96.1% of
the neighborhoods in the nation.
Notable & Unique: Real Estate
In addition, one way that the Charing Cross neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 98.4% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
Furthermore, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Charing Cross neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 96.9% of all American neighborhoods.
Also of note, owner-occupied real estate dominates the Charing Cross neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 95.8% of neighborhoods in America.
The Neighbors: Income
How wealthy a neighborhood is, from very wealthy, to middle income, to low
income is very formative with regard to the personality and character of a
neighborhood. Equally important is the rate of people, particularly children,
who live below the federal poverty line. In some wealthy gated communities,
the areas immediately surrounding can have high rates of childhood poverty,
which indicates other social issues. NeighborhoodScout's analysis reveals
both aspects of income and poverty for this neighborhood.
The neighbors in the Charing Cross neighborhood in Bloomfield Hills are wealthy, making it among the 15% highest income neighborhoods in America.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 95.1% of the neighborhoods in America.
In addition, 9.3% of the children seventeen and under
living in this neighborhood are living below the federal poverty line, which
is a lower rate of childhood poverty than is found in 64.4%
of America's neighborhoods.
The Neighbors: Occupations
What we choose to do for a living reflects who we are. Each neighborhood has
a different mix of occupations represented, and together these tell you about
the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Charing Cross neighborhood, 61.4%
of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is
sales and service jobs, from major sales accounts, to working in fast food restaurants, with 24.5% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(7.6%), and 6.5% in clerical, assistant, and tech support occupations.
The Neighbors: Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents,
our houses of worship, and much of our culture – our learned behavior - comes
from our ancestors. That is why ancestry and ethnicity can be so interesting
and important to understand: places with concentrations of people of one or
more ancestries often express those shared learned behaviors and this gives
each neighborhood its own culture. Even different neighborhoods in the same
city can have drastically different cultures.
In the Charing Cross neighborhood in Bloomfield Hills, MI, residents
most commonly identify their ethnicity or ancestry as German
(17.4%). There are also a number of people of Irish ancestry (14.4%) , and residents who report English roots (13.0%) , and some of the residents are also of Italian ancestry (7.8%) , along with some Polish ancestry residents (3.5%), among others.
The Neighbors: Languages
The most common language spoken in the Charing Cross
neighborhood is English, spoken by 90.8% of households.
Getting to Work
Even if your neighborhood is walkable, you may still have to drive to your
place of work. Some neighborhoods are located where many can get to work in
just a few minutes, while others are located such that most residents have a
long and arduous commute.
The greatest number of commuters in Charing Cross neighborhood spend
between 15 and 30 minutes commuting one-way to work (37.3% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (91.8%) drive alone in a private automobile to get to work.
In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (7.4%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.