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Real Estate Prices & Overview

Big Otter Mill / Centerville median real estate price is $304,442, which is less expensive than 65.0% of Virginia neighborhoods and 57.1% of all U.S. neighborhoods.

The average rental price in Big Otter Mill / Centerville is currently $988, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 98.8% of Virginia neighborhoods.

Big Otter Mill / Centerville is a rural neighborhood (based on population density) located in Bedford, Virginia.

Big Otter Mill / Centerville real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Big Otter Mill / Centerville neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Big Otter Mill / Centerville are 3.5%, which is lower than one will find in 78.2% of American neighborhoods. Demand for real estate in Big Otter Mill / Centerville 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

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 Bedford, the Big Otter Mill / Centerville neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Big Otter Mill / Centerville neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 34.1% of the households here have four, five, or more cars. That is more cars per household than in 95.7% of the neighborhoods in the nation.

People

If you're nearing retirement age, or in retirement, the Big Otter Mill / Centerville is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 6.2% of retiree-friendly neighborhoods in Virginia, 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 Virginia.

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 Big Otter Mill / Centerville neighborhood in Bedford are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 64.6% of U.S. neighborhoods. In addition, 7.2% 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 58.5% 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 Big Otter Mill / Centerville neighborhood, 33.9% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 32.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (25.8%), and 7.6% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Big Otter Mill / Centerville neighborhood is English, spoken by 98.9% of households.

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 Big Otter Mill / Centerville neighborhood in Bedford, VA, residents most commonly identify their ethnicity or ancestry as English (16.0%). There are also a number of people of Irish ancestry (9.5%), and residents who report German roots (7.2%), and some of the residents are also of Scottish ancestry (4.8%), along with some Italian ancestry residents (3.6%), 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 Big Otter Mill / Centerville neighborhood spend under 15 minutes commuting one-way to work (33.3% of working residents), one of the shortest commutes across America.

Here most residents (75.9%) 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 (18.4%) . 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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