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Real Estate Prices & Overview

The Colonies at Wilde Lake median real estate price is $578,581, which is more expensive than 69.6% of the neighborhoods in Virginia and 73.6% of the neighborhoods in the U.S.

The average rental price in The Colonies at Wilde Lake is currently $2,588, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 66.6% of the neighborhoods in Virginia.

The Colonies at Wilde Lake is a suburban neighborhood (based on population density) located in Henrico, Virginia.

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

In The Colonies at Wilde Lake, the current vacancy rate is 3.0%, which is a lower rate of vacancies than 81.2% of all neighborhoods in the U.S. This means that the housing supply in The Colonies at Wilde Lake is very tight compared to the demand for property here.

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

Of note is NeighborhoodScout's research finding that the The Colonies at Wilde Lake 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 The Colonies at Wilde Lake community truly stands out from the rest in this regard.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the The Colonies at Wilde Lake stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 93.1% of the residential real estate here was built in this one time period.

In addition, if you love row houses and attached homes, you will probably really like the The Colonies at Wilde Lake neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 26.2% of the residential real estate here is classified as row houses and attached homes.

Diversity

Did you know that the The Colonies at Wilde Lake neighborhood has more Eastern European and Danish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.4% of this neighborhood's residents have Eastern European ancestry and 1.8% have Danish ancestry.

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 The Colonies at Wilde Lake neighborhood in Henrico are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 56.2% 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 The Colonies at Wilde Lake neighborhood, 63.0% 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 16.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.2%), and 5.7% in manufacturing and laborer occupations.

Languages

The most common language spoken in the The Colonies at Wilde Lake neighborhood is English, spoken by 92.7% of households. Some people also speak Langs. of India (2.6%).

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 The Colonies at Wilde Lake neighborhood in Henrico, VA, residents most commonly identify their ethnicity or ancestry as Irish (18.4%). There are also a number of people of English ancestry (14.4%), and residents who report German roots (14.3%), and some of the residents are also of Asian ancestry (10.3%), along with some Polish ancestry residents (5.2%), 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 The Colonies at Wilde Lake neighborhood spend between 15 and 30 minutes commuting one-way to work (52.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (72.6%) 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 (10.1%) . 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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