Real Estate Prices and Overview
Lake Barcroft median real estate prices are $706,363, which is more expensive than 97.4% of the neighborhoods
in Virginia and 97.0% of the
neighborhoods in the U.S.
Average rental prices in Lake Barcroft are currently
$2,143, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 95.6%
of the neighborhoods in Virginia.
Lake Barcroft is a suburban neighborhood (based on population
density) located in Falls Church, Virginia.
Lake Barcroft real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and townhomes.
Most of the residential real estate is owner occupied. Many of
the residences in the Lake Barcroft neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Lake Barcroft, 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 Lake Barcroft
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
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 0.3% of America's neighborhoods are wealthier than the
Lake Barcroft 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.
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, some neighborhoods have residents that are more educated than others. But
in this neighborhood there is a dramatic difference. NeighborhoodScout's
exclusive analysis reveals that 44.6% of the adults here have
earned a Masters degree, medical degree, Ph.D. or law degree. This is a
higher rate of people with a graduate degree than is found in
99.1% of U.S. neighborhoods, where the average American
neighborhood has 8.4% of its adults with a graduate degree. If you are
highly educated, you may have much in common with many of your neighbors here.
Also, if you're a regular supporter of the arts and enjoy outings to the
theatre, weekend boutique-ing, or even a finely aged wine with dinner,
than you're in good company with the people of the Lake Barcroft
neighborhood. This neighborhood is uniquely immersed with more "urban
sophisticates" than 98.5% of neighborhoods across the
country. The people here truly stand out as a class among their own.
They are an exclusive community characterized by refined tastes,
cultural inclinations, and the means to live well. Urban sophisticates
live a big city lifestyle, whether or not they live in or near a big
city. They are educated executives or managers by week, and serial
patrons of the arts by weekend. If this lifestyle pertains to you,
than you'll certainly feel right at home in the Lake Barcroft
In addition to being an excellent choice for urban sophisticates, this
neighborhood is also a very good choice for families with school-aged children , active retirees and highly educated executives.
Finally, with more than 2.2% of residents living with a same sex partner,
Lake Barcroft is truly a neighborhood that stands out from the rest in
this regard. In fact, exclusive analysis by NeighborhoodScout reveals that
this neighborhood has a greater concentration of same sex couples than
96.8% of U.S. neighborhoods.
Notable & Unique: Diversity
Did you know that the Lake Barcroft neighborhood has more
Scottish and Eastern European ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 6.0% of
this neighborhood's residents have Scottish ancestry and 1.7% have Eastern European ancestry.
Lake Barcroft is also pretty special linguistically. Significantly, 2.7% 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 98.7% of the neighborhoods in America.
Notable & Unique: Occupations
The Lake Barcroft neighborhood has a higher proportion of
its residents employed as executives, managers and professionals than
99.4% of the neighborhoods in American. In fact, 75.8%
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.
Furthermore, the Lake Barcroft neighborhood has a greater proportion of
government workers living in it than 99.0% of the neighborhoods
in America, according to NeighborhoodScout's exclusive analysis. This is
a unique feature of this neighborhood, and one that shapes its character.
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 97.8% 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. 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 99.5% 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 98.7% of all American neighborhoods.
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 Lake Barcroft neighborhood in Falls Church 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 99.7% of the neighborhoods in America.
In addition, 0.0% 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 99.9%
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 Lake Barcroft neighborhood, 75.8%
of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is
government jobs, whether they are in local, state, or federal positions, with 20.9% of the residents employed.
Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants
(11.1%), and 6.8% in clerical, assistant, and tech support occupations.
The Neighbors: Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves,
Los Angeles' Persian neighborhoods. Each has its own culture derived primarily
from the ancestries and culture of the residents who call these neighborhoods
home. Likewise, each neighborhood in America has its own culture – some more
unique than others – based on lifestyle, occupations, the types of households
– and importantly – on the ethnicities and ancestries of the people who live
in the neighborhood. Understanding where people came from, who their grandparents
or great-grandparents were, can help you understand how a neighborhood is today.
In the Lake Barcroft neighborhood in Falls Church, VA, residents
most commonly identify their ethnicity or ancestry as English
(10.7%). There are also a number of people of German ancestry (10.7%) , and residents who report Irish roots (7.3%) , and some of the residents are also of Scottish ancestry (6.0%) , along with some Asian ancestry residents (5.3%), among others. In addition, 19.0% of the residents of this neighborhood were born in another country.
The Neighbors: Languages
The languages spoken by people in this neighborhood are diverse. These are
tabulated as the languages people preferentially speak when they are
at home with their families.
The most common language spoken in the Lake Barcroft
neighborhood is English, spoken by 81.9% of households. Other important languages spoken here include Spanish, French, German and Vietnamese.
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 Lake Barcroft neighborhood spend
between 15 and 30 minutes commuting one-way to work (38.9% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (76.9%) 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 (13.6%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.