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Real Estate Prices & Overview

Etheridge Lakes / Carriage House Commons median real estate price is $586,359, which is more expensive than 75.8% of the neighborhoods in Virginia and 78.5% of the neighborhoods in the U.S.

The average rental price in Etheridge Lakes / Carriage House Commons is currently $5,305, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 99.9% of the neighborhoods in Virginia.

Etheridge Lakes / Carriage House Commons is a suburban neighborhood (based on population density) located in Chesapeake, Virginia.

Etheridge Lakes / Carriage House Commons real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Etheridge Lakes / Carriage House Commons neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

In Etheridge Lakes / Carriage House Commons, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Etheridge Lakes / Carriage House Commons is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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 Chesapeake, the Etheridge Lakes / Carriage House Commons neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Owner-occupied real estate dominates the Etheridge Lakes / Carriage House Commons neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 99.0% of neighborhoods in America. With a real estate vacancy rate of only 0.0%, the Etheridge Lakes / Carriage House Commons neighborhood has a lower vacancy rate than 100.0% 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.

In addition, one way that the Etheridge Lakes / Carriage House Commons neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.4% 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 Etheridge Lakes / Carriage House Commons 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.

Occupations

With 3.3% of employed workers living in the Etheridge Lakes / Carriage House Commons neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 98.0% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

People

According to NeighborhoodScout's exclusive analysis, Etheridge Lakes / Carriage House Commons is among the best neighborhoods for families in Virginia. In fact, this neighborhood is more family-friendly than 97.9% of neighborhoods in the entire state of Virginia. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Etheridge Lakes / Carriage House Commons neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for urban sophisticates.

Diversity

Did you know that the Etheridge Lakes / Carriage House Commons neighborhood has more British and Brazilian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.7% of this neighborhood's residents have British ancestry and 0.8% have Brazilian ancestry.

Etheridge Lakes / Carriage House Commons is also pretty special linguistically. Significantly, 0.9% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 97.0% of the neighborhoods in America.

The Neighbors

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 Etheridge Lakes / Carriage House Commons neighborhood in Chesapeake 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 94.6% of the neighborhoods in America. In addition, 3.0% 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 71.8% of America's neighborhoods.

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 Etheridge Lakes / Carriage House Commons neighborhood, 52.8% 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 19.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.4%), and 11.8% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Etheridge Lakes / Carriage House Commons neighborhood is English, spoken by 91.8% of households. Some people also speak Spanish (2.3%).

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 Etheridge Lakes / Carriage House Commons neighborhood in Chesapeake, VA, residents most commonly identify their ethnicity or ancestry as Irish (19.2%). There are also a number of people of German ancestry (18.2%), and residents who report English roots (11.0%), and some of the residents are also of Italian ancestry (8.8%), along with some Mexican ancestry residents (5.7%), among others.

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 Etheridge Lakes / Carriage House Commons neighborhood spend between 15 and 30 minutes commuting one-way to work (43.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (84.7%) 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 (5.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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