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Real Estate Prices & Overview

Cherry Hill / Aberdeen median real estate price is $396,807, which is more expensive than 90.2% of the neighborhoods in Indiana and 57.5% of the neighborhoods in the U.S.

The average rental price in Cherry Hill / Aberdeen is currently $2,765, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 98.0% of the neighborhoods in Indiana.

Cherry Hill / Aberdeen is a rural neighborhood (based on population density) located in Valparaiso, Indiana.

Cherry Hill / Aberdeen real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Cherry Hill / Aberdeen 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 Cherry Hill / Aberdeen, 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 Cherry Hill / Aberdeen 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.

Real Estate

This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Cherry Hill / Aberdeen neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.

People

Of note is NeighborhoodScout's research finding that the Cherry Hill / Aberdeen neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Cherry Hill / Aberdeen community truly stands out from the rest in this regard.

In addition, if you're nearing retirement age, or in retirement, the Cherry Hill / Aberdeen is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 5.3% of retiree-friendly neighborhoods in Indiana, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Indiana. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for urban sophisticates, highly educated executives and college students.

Diversity

Did you know that the Cherry Hill / Aberdeen neighborhood has more Polish and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 16.7% of this neighborhood's residents have Polish ancestry and 3.7% have Hungarian ancestry.

Cherry Hill / Aberdeen is also pretty special linguistically. Significantly, 1.8% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 95.5% 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 Cherry Hill / Aberdeen neighborhood in Valparaiso 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 91.1% 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 100.0% 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 Cherry Hill / Aberdeen neighborhood, 51.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 23.3% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (19.9%), and 5.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Cherry Hill / Aberdeen neighborhood is English, spoken by 93.3% of households. Some people also speak Spanish (3.8%).

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 Cherry Hill / Aberdeen neighborhood in Valparaiso, IN, residents most commonly identify their ethnicity or ancestry as German (27.5%). There are also a number of people of Irish ancestry (20.3%), and residents who report Polish roots (16.7%), and some of the residents are also of English ancestry (11.5%), along with some Italian ancestry residents (9.1%), among others.

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 Cherry Hill / Aberdeen neighborhood spend between 15 and 30 minutes commuting one-way to work (34.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (78.2%) 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 (9.2%) . 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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Crime includes:
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