Many things matter about a neighborhood, but the first thing most people notice
is the way a neighborhood looks and its particular character. For example, one
might notice whether the buildings all date from a certain time period or whether
shop signs are in multiple languages. This particular neighborhood in Bloomfield Hills,
the Charing Cross neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
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 99.0%
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 active retirees, urban sophisticates and families with school-aged children.
In addition, the rate of college educated adults in the Charing Cross neighborhood
is a unique characteristic of the neighborhood. 77.1% 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 2.7% 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.
Finally, priests and therapists would like to think they know the secrets to a
truly successful marriage, but according to NeighborhoodScout's research,
the folks of the Charing Cross neighborhood may actually hold
the key. 66.9% of its residents are married, which is a higher
percentage than is found in 96.4% of the neighborhoods
Notable & Unique: Diversity
Did you know that the Charing Cross neighborhood has more
Armenian and Arab ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.2% of
this neighborhood's residents have Armenian ancestry and 4.0% have Arab ancestry.
Charing Cross is also pretty special linguistically. Significantly, 1.0% of its residents five years old and above primarily
speak Polish at home. While this may seem like a small percentage, it is higher
than 96.0% of the neighborhoods in America.
Notable & Unique: Occupations
The Charing Cross neighborhood has a higher proportion of
its residents employed as executives, managers and professionals than
95.6% of the neighborhoods in American. In fact, 64.1%
of the employed people here make a living as an executive, a manager, or
other professional. With such a high concentration, this truly shapes
the character of this neighborhood, and to a large degree defines what
this neighborhood is about.
Notable & Unique: Real Estate
In addition, 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 98.5% of all American neighborhoods.
Furthermore, 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.
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 98.0% 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. With a real estate vacancy rate of only 1.1%, the Charing Cross neighborhood has a lower vacancy rate than 95.2% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.