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
$2,369, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 99.5%
of the neighborhoods in Michigan.
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
When you see a neighborhood for the first time, the most important thing
is often the way it looks, like its homes and its setting. Some places look
the same, but they only reveal their true character after living in them for
a while because they contain a unique mix of occupational or cultural groups.
This neighborhood is very unique in some important ways, according to
NeighborhoodScout's exclusive exploration and analysis.
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, do you like to read, write, and learn? Are you curious about the world? If
so, this neighborhood may be a good fit for you. NeighborhoodScout's research
revealed that a full 76.2% of the adults living in the
Charing Cross neighborhood have earned at least a bachelor's
degree. This is a higher rate than NeighborhoodScout found in 98.3%
of U.S. neighborhoods. In this way, this neighborhood truly stands out.
Also, wealth makes most things in life easier, and a few things harder.
If you are wealthy and enjoy keeping up with the Jones', this neighborhood
will interest you. In fact, according to NeighborhoodScout's research,
the Charing Cross neighborhood is wealthier than 95.1%
of the neighborhoods in the United States. Residents here are truly in
a unique situation even when compared to other Americans, based on the
shear amount of wealth concentrated here. Even in times of economic
downturn, residents of this neighborhood, as a group, suffered less
and recovered more quickly. This is indeed a stand-out characteristic
of this neighborhood.
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
We Americans love our cars. Not only are they a necessity for most Americans
due to the shape of our neighborhoods and the distances between where we
live, work, shop, and go to school, but we also fancy them. As a result,
most households in America have one, two, or three cars. But NeighborhoodScout's
exclusive analysis shows that the Charing Cross neighborhood has
a highly unusual pattern of 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, real estate in the Charing Cross neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 95.8% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood.
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
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 shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
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 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 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.