Spring Lake Estates / Emerald Chase median real estate price is $755,456, which is more expensive than 89.3% of the neighborhoods in Virginia and 88.4% of the neighborhoods in the U.S.
The average rental price in Spring Lake Estates / Emerald Chase is currently $2,811, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 79.3% of the neighborhoods in Virginia.
Spring Lake Estates / Emerald Chase is a suburban neighborhood (based on population density) located in Herndon, Virginia.
Spring Lake Estates / Emerald Chase real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Spring Lake Estates / Emerald Chase neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
In Spring Lake Estates / Emerald Chase, the current vacancy rate is 0.6%, which is a lower rate of vacancies than 93.0% of all neighborhoods in the U.S. This means that the housing supply in Spring Lake Estates / Emerald Chase is very tight compared to the demand for property here.
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 Herndon, the Spring Lake Estates / Emerald Chase neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the Spring Lake Estates / Emerald Chase neighborhood is wealthier than 98.8% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood.
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 Spring Lake Estates / Emerald Chase neighborhood, where 41.7% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.1% 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 97.7% of the neighborhoods in America.
Also, a majority of the adults in the Spring Lake Estates / Emerald Chase 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 Virginia by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 95.1% of the neighborhoods in Virginia. 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, college students and urban sophisticates.
One way that the Spring Lake Estates / Emerald Chase neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 98.8% 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.
In addition, most neighborhoods are composed of a mixture of ages of homes, but the Spring Lake Estates / Emerald Chase 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, 85.6% of the residential real estate here was built in this one time period.
Executives, managers and professionals make up 76.1% of the workforce in the Spring Lake Estates / Emerald Chase neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 98.3% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Did you know that the Spring Lake Estates / Emerald Chase neighborhood has more Iranian and Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.8% of this neighborhood's residents have Iranian ancestry and 32.4% have Asian ancestry.
Spring Lake Estates / Emerald Chase is also pretty special linguistically. Significantly, 7.5% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 98.6% of the neighborhoods in America.
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 Spring Lake Estates / Emerald Chase neighborhood in Herndon are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 98.8% of the neighborhoods in America. In addition, 7.0% 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 59.1% 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 Spring Lake Estates / Emerald Chase neighborhood, 76.1% 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 14.9% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (10.6%), and 5.6% in clerical, assistant, and tech support occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Spring Lake Estates / Emerald Chase neighborhood is English, spoken by 66.4% of households. Other important languages spoken here include Langs. of India, Spanish and Chinese.
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Spring Lake Estates / Emerald Chase neighborhood in Herndon, VA, residents most commonly identify their ethnicity or ancestry as Asian (32.4%). There are also a number of people of English ancestry (12.0%), and residents who report Irish roots (9.0%), and some of the residents are also of German ancestry (8.7%), along with some Italian ancestry residents (6.6%), among others. In addition, 27.3% of the residents of this neighborhood were born in another country.
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 Spring Lake Estates / Emerald Chase neighborhood spend between 15 and 30 minutes commuting one-way to work (41.7% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (67.2%) 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 (7.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.