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 West Bloomfield,
the Water Oaks Dr / W Bloomfield Oaks Dr neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: People
A majority of the adults in the Water Oaks Dr / W Bloomfield Oaks Dr neighborhood
are wealthy and educated executives. They own stately
homes that tend to maintain high real estate appreciation rates. Their
upper-level careers keep them busy, but allow them to live comfortably.
If you're an executive and want to keep similar company, consider settling
in this neighborhood, rated as an executive lifestyle
"best choice" neighborhood for Michigan by NeighborhoodScout's analysis,
which rated it as better for executive lifestyles than 98.2%
of the neighborhoods in Michigan.
In addition to being an excellent choice for highly educated executives, this
neighborhood is also a very good choice for families with school-aged children, urban sophisticates and college students.
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 Water Oaks Dr / W Bloomfield Oaks Dr neighborhood, where 30.9% 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 95.1%
of the neighborhoods in America.
Notable & Unique: Diversity
Did you know that the Water Oaks Dr / W Bloomfield Oaks Dr neighborhood has more
Austrian and Iranian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.4% of
this neighborhood's residents have Austrian ancestry and 1.2% have Iranian ancestry.
Water Oaks Dr / W Bloomfield Oaks Dr is also pretty special linguistically. Significantly, 1.9% of its residents five years old and above primarily
speak Japanese 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
While most Americans do drive to work alone each day, the
Water Oaks Dr / W Bloomfield Oaks Dr neighborhood stands out by having 93.9% of commuters
doing so, which is a higher proportion of people driving alone to work
than NeighborhoodScout found in 96.1% of all American
Notable & Unique: Real Estate
In addition, 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 Water Oaks Dr / W Bloomfield Oaks Dr 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 99.0% of all American neighborhoods.
Furthermore, one way that the Water Oaks Dr / W Bloomfield Oaks Dr neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 97.6% 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, owner-occupied real estate dominates the Water Oaks Dr / W Bloomfield Oaks Dr neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 96.2% of neighborhoods in America. This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.5% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Water Oaks Dr / W Bloomfield Oaks Dr 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.