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 Falls Church,
the Lake Barcroft neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: People
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 Lake Barcroft neighborhood is wealthier than 99.8%
of the neighborhoods in the United States. Residents here are truly in
a unique situation even when compared to other Americans, based on the
sheer 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.
As one would expect in a considerably wealthy neighborhood such as this,
Lake Barcroft also has one of the lowest ratings of child
poverty in the nation.
In addition, if knowledge is power, then imagine the cumulative power of one neighborhood
where many of the adults have earned an advanced degree, such as a Masters,
law degree, medical degree, or even a Ph.D. This is certainly the case in
the Lake Barcroft neighborhood, where 43.1% have
earned an advanced degree. Compare that to the average neighborhood in
America, where just 8.4% of adults have completed a post-graduate degree,
and you can see why this neighborhood is a stand out. In fact, this neighborhood
has a higher rate of adults with an advanced degree than 98.9%
of the neighborhoods in America.
Also, think about the people you know personally. How many of them would
purchase box seats to opening night at the symphony? How many of them
regularly attend gallery openings, or are the first to reserve tickets
to opening night at the ballet? If they're like most of us, they don't
do any of these things. But if you're among an exclusive crowd of wealthy
and refined patrons of the arts, then you'll feel right at home in
the Lake Barcroft neighborhood: a neighborhood in which more
"urban sophisticates" live than 98.1% of neighborhoods
across the U.S. Here, your neighbors are defined as having urbane
tastes in literature, music, live theatre and the arts. They are wealthy,
educated, travel in style, and live a big city lifestyle whether or
not they live in or near a big city.
In addition to being an excellent choice for urban sophisticates, this
neighborhood is also a very good choice for active retirees, highly educated executives and families with school-aged children.
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 Lake Barcroft neighborhood may actually hold
the key. 67.2% of its residents are married, which is a higher
percentage than is found in 96.2% of the neighborhoods
Notable & Unique: Occupations
Executives, managers and professionals make up 72.2% of the workforce
in the Lake Barcroft neighborhood which, according to
NeighborhoodScout's exclusive analysis, is a higher proportion of such
high-level people than is found in 98.7% of the neighborhoods
in America. For this reason, this neighborhood really stands out as unique.
Furthermore, the government often provides some of the more stable jobs in the economy.
From local, to state, to federal government workers, the government can
also be a major employer. What NeighborhoodScout's analysis revealed, is
that the Lake Barcroft neighborhood in particular stands out
when compared nationally for the proportion of its working residents who
are employed by the government. At 17.1% of its workforce, this
neighborhood has a greater concentration of government workers than
97.9% of U.S. neighborhoods.
Notable & Unique: Diversity
Did you know that the Lake Barcroft neighborhood has more
Eastern European and Scottish ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.7% of
this neighborhood's residents have Eastern European ancestry and 4.5% have Scottish ancestry.
Lake Barcroft is also pretty special linguistically. Significantly, 2.5% of its residents five years old and above primarily
speak German at home. While this may seem like a small percentage, it is higher
than 98.6% of the neighborhoods in America.
Notable & Unique: Modes of Transportation
In the Lake Barcroft neighborhood, many people's commute means
walking from the bedroom to the home office. NeighborhoodScout's analysis
found that 11.3% of residents worked from home. This may not
seem like a large number, but Scout's research shows that this is a higher
percentage of people working from home than 95.3% of the
neighborhoods in America. Often people who work from home are engaged in
the creative or technological economy, such as is found in areas around Boston,
and in Silicon Valley. Other times, people may be engaged in other businesses
like trading stocks from home, or running a small beauty salon.
Notable & Unique: Real Estate
In addition, real estate in the Lake Barcroft 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 97.7% 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 0.0%, the Lake Barcroft 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.
Furthermore, one way that the Lake Barcroft neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.1% 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, 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 Lake Barcroft 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 98.6% of all American neighborhoods.