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Real Estate Prices & Overview

Villa Rica / Chatham Hills median real estate price is $588,870, which is more expensive than 79.8% of the neighborhoods in Florida and 78.7% of the neighborhoods in the U.S.

The average rental price in Villa Rica / Chatham Hills is currently $3,288, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 66.3% of the neighborhoods in Florida.

Villa Rica / Chatham Hills is a suburban neighborhood (based on population density) located in Boca Raton, Florida.

Villa Rica / Chatham Hills real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Villa Rica / Chatham Hills neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Villa Rica / Chatham Hills has a 10.6% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 62.4% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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.

Modes of Transportation

Would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Villa Rica / Chatham Hills neighborhood is a fantastic option for bicycle commuters, as 7.1% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 99.0% of the neighborhoods in America.

Diversity

Did you know that the Villa Rica / Chatham Hills neighborhood has more Lebanese and Romanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.9% of this neighborhood's residents have Lebanese ancestry and 2.1% have Romanian ancestry.

Villa Rica / Chatham Hills is also pretty special linguistically. Significantly, 2.2% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 98.8% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Villa Rica / Chatham Hills neighborhood in Boca Raton are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 54.5% of the neighborhoods in America. In addition, 4.1% 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 68.3% of America's neighborhoods.

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 sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Villa Rica / Chatham Hills neighborhood, 44.4% 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 32.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (14.6%), and 8.4% in manufacturing and laborer occupations.

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 Villa Rica / Chatham Hills neighborhood is English, spoken by 60.0% of households. Other important languages spoken here include Spanish, Vietnamese and Russian.

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 Villa Rica / Chatham Hills neighborhood in Boca Raton, FL, residents most commonly identify their ethnicity or ancestry as German (13.1%). There are also a number of people of Mexican ancestry (12.7%), and residents who report Asian roots (11.8%), and some of the residents are also of English ancestry (8.7%), along with some Italian ancestry residents (7.9%), among others. In addition, 22.4% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Villa Rica / Chatham Hills neighborhood spend under 15 minutes commuting one-way to work (31.2% of working residents), one of the shortest commutes across America.

Here most residents (60.9%) 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 (16.7%) and 7.1% of residents also bicycle for their daily commute. 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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