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Real Estate Prices & Overview

Chesterbrook Estates / Chesterbrook Woods median real estate price is $1,560,153, which is more expensive than 99.2% of the neighborhoods in Virginia and 97.7% of the neighborhoods in the U.S.

The average rental price in Chesterbrook Estates / Chesterbrook Woods is currently $4,494, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 97.3% of the neighborhoods in Virginia.

Chesterbrook Estates / Chesterbrook Woods is a suburban neighborhood (based on population density) located in McLean, Virginia.

Chesterbrook Estates / Chesterbrook Woods real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Chesterbrook Estates / Chesterbrook Woods 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 Chesterbrook Estates / Chesterbrook Woods, the current vacancy rate is 1.4%, which is a lower rate of vacancies than 89.7% of all neighborhoods in the U.S. This means that the housing supply in Chesterbrook Estates / Chesterbrook Woods 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.

People

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 Chesterbrook Estates / Chesterbrook Woods neighborhood, where 61.3% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% 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 99.9% of the neighborhoods in America.

In addition, 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 Chesterbrook Estates / Chesterbrook Woods neighborhood is wealthier than 99.5% 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.

Also, think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the Chesterbrook Estates / Chesterbrook Woods neighborhood: a neighborhood in which more "urban sophisticates" live than 97.4% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for highly educated executives and families with school-aged children.

Real Estate

One way that the Chesterbrook Estates / Chesterbrook Woods neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.8% 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, the Chesterbrook Estates / Chesterbrook Woods neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 97.1% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 95.0% of all neighborhoods in America.

Occupations

Executives, managers and professionals make up 84.5% of the workforce in the Chesterbrook Estates / Chesterbrook Woods neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 99.7% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Modes of Transportation

A unique way of commuting is simply not to. And in the Chesterbrook Estates / Chesterbrook Woods neighborhood, analysis shows that 33.2% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 98.2% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.

Diversity

Did you know that the Chesterbrook Estates / Chesterbrook Woods neighborhood has more Armenian and English ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.2% of this neighborhood's residents have Armenian ancestry and 23.8% have English ancestry.

Chesterbrook Estates / Chesterbrook Woods is also pretty special linguistically. Significantly, 1.1% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 96.5% of the neighborhoods in America.

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 Chesterbrook Estates / Chesterbrook Woods neighborhood in McLean 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 99.5% of the neighborhoods in America. In addition, 3.8% 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 68.7% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Chesterbrook Estates / Chesterbrook Woods neighborhood, 84.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is government jobs, whether they are in local, state, or federal positions, with 11.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (9.5%), and 5.6% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Chesterbrook Estates / Chesterbrook Woods neighborhood is English, spoken by 85.0% of households. Some people also speak Chinese (2.1%).

Ethnicity / Ancestry

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 Chesterbrook Estates / Chesterbrook Woods neighborhood in McLean, VA, residents most commonly identify their ethnicity or ancestry as English (23.8%). There are also a number of people of German ancestry (16.3%), and residents who report Irish roots (15.7%), and some of the residents are also of Armenian ancestry (10.2%), along with some Italian ancestry residents (7.1%), among others. In addition, 14.7% of the residents of this neighborhood were born in another country.

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 Chesterbrook Estates / Chesterbrook Woods neighborhood spend between 15 and 30 minutes commuting one-way to work (35.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (58.4%) drive alone in a private automobile to get to work. 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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