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Real Estate Prices & Overview

Timberlake / Candlewood median real estate price is $515,493, which is more expensive than 63.9% of the neighborhoods in Virginia and 69.1% of the neighborhoods in the U.S.

The average rental price in Timberlake / Candlewood is currently $2,349, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 42.7% of Virginia neighborhoods.

Timberlake / Candlewood is a rural neighborhood (based on population density) located in Fredericksburg, Virginia.

Timberlake / Candlewood real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Timberlake / Candlewood neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Timberlake / Candlewood, the current vacancy rate is 2.1%, which is a lower rate of vacancies than 85.9% of all neighborhoods in the U.S. This means that the housing supply in Timberlake / Candlewood 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.

Occupations

The Timberlake / Candlewood neighborhood has a greater proportion of government workers living in it than 98.5% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.

Real Estate

Homes built from 2000 through today make up a higher proportion of the Timberlake / Candlewood neighborhood's real estate landscape than 96.0% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 71.1% of the residential real estate here is classified as newer.

People

Timberlake / Candlewood is ranked among the top 5.1% of neighborhoods for first-time home buyers to consider in the state of Virginia according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the Timberlake / Candlewood neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers.

Diversity

Did you know that the Timberlake / Candlewood neighborhood has more Czechoslovakian and Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.5% of this neighborhood's residents have Czechoslovakian ancestry and 5.1% have Scottish ancestry.

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 Timberlake / Candlewood neighborhood in Fredericksburg are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 73.4% of the neighborhoods in America. In addition, 2.9% 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 71.7% 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 Timberlake / Candlewood neighborhood, 47.0% 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 23.2% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (18.2%), and 16.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Timberlake / Candlewood neighborhood is English, spoken by 86.3% of households. Some people also speak Spanish (10.8%).

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 Timberlake / Candlewood neighborhood in Fredericksburg, VA, residents most commonly identify their ethnicity or ancestry as Irish (14.1%). There are also a number of people of German ancestry (13.0%), and residents who report English roots (9.6%), and some of the residents are also of Puerto Rican ancestry (8.3%), along with some French ancestry residents (5.6%), 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 Timberlake / Candlewood neighborhood spend between 15 and 30 minutes commuting one-way to work (37.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

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 (10.5%) . 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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Economics & Demographics include:
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Race & Ethnic Diversity
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Crime includes:
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Schools include:
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