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Real Estate Prices & Overview

Winewood-Thaler / Virginia Park median real estate price is $495,516, which is more expensive than 91.6% of the neighborhoods in Michigan and 68.7% of the neighborhoods in the U.S.

The average rental price in Winewood-Thaler / Virginia Park is currently $2,322, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 90.5% of the neighborhoods in Michigan.

Winewood-Thaler / Virginia Park is an urban neighborhood (based on population density) located in Ann Arbor, Michigan.

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

Real estate vacancies in Winewood-Thaler / Virginia Park are 3.1%, which is lower than one will find in 79.6% of American neighborhoods. Demand for real estate in Winewood-Thaler / Virginia Park is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

In a nation where 1 out of every 4 children lives in poverty, the Winewood-Thaler / Virginia Park neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

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 Winewood-Thaler / Virginia Park neighborhood, where 44.3% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% 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 98.2% of the neighborhoods in America.

Modes of Transportation

A unique way of commuting is simply not to. And in the Winewood-Thaler / Virginia Park neighborhood, analysis shows that 37.5% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 99.2% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.

Occupations

The Winewood-Thaler / Virginia Park neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 98.8% of the neighborhoods in America. In fact, 78.8% 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.

Diversity

Did you know that the Winewood-Thaler / Virginia Park neighborhood has more Lebanese and Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.0% of this neighborhood's residents have Lebanese ancestry and 1.8% have Austrian ancestry.

Winewood-Thaler / Virginia Park is also pretty special linguistically. Significantly, 1.9% 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 95.9% 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 Winewood-Thaler / Virginia Park neighborhood in Ann Arbor are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 68.2% 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 Winewood-Thaler / Virginia Park neighborhood, 78.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 11.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (7.3%), and 2.9% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Winewood-Thaler / Virginia Park neighborhood is English, spoken by 91.9% of households. Some people also speak Spanish (3.9%).

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 Winewood-Thaler / Virginia Park neighborhood in Ann Arbor, MI, residents most commonly identify their ethnicity or ancestry as German (26.5%). There are also a number of people of Irish ancestry (16.7%), and residents who report English roots (16.6%), and some of the residents are also of Polish ancestry (8.6%), along with some French ancestry residents (5.4%), 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 Winewood-Thaler / Virginia Park neighborhood spend between 15 and 30 minutes commuting one-way to work (52.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (46.0%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (5.8%) . 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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