Chimney Corner / Walnut Ledge median real estate price is $638,583, which is more expensive than 92.4% of the neighborhoods in Vermont and 77.7% of the neighborhoods in the U.S.
The average rental price in Chimney Corner / Walnut Ledge is currently $1,882, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 43.4% of Vermont neighborhoods.
Chimney Corner / Walnut Ledge is a rural neighborhood (based on population density) located in Colchester, Vermont.
Chimney Corner / Walnut Ledge real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Chimney Corner / Walnut Ledge 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.
Vacant apartments or homes are a major fact of life in Chimney Corner / Walnut Ledge. The current real estate vacancy rate here is 17.1%. This is higher than the rate of vacancies in 82.2% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (13.7%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.
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 Colchester, the Chimney Corner / Walnut Ledge neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Did you know that the Chimney Corner / Walnut Ledge neighborhood has more Romanian and French Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.5% of this neighborhood's residents have Romanian ancestry and 9.2% have French Canadian ancestry.
Chimney Corner / Walnut Ledge is also pretty special linguistically. Significantly, 1.0% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 97.4% of the neighborhoods in America.
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 Chimney Corner / Walnut Ledge neighborhood in Colchester 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 85.6% of the neighborhoods in America. In addition, 2.7% 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 72.7% 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 Chimney Corner / Walnut Ledge 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 clerical, assistant, and tech support occupations, with 19.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (10.0%), and 7.5% in government jobs, whether they are in local, state, or federal positions.
The most common language spoken in the Chimney Corner / Walnut Ledge neighborhood is English, spoken by 93.7% of households.
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 Chimney Corner / Walnut Ledge neighborhood in Colchester, VT, residents most commonly identify their ethnicity or ancestry as French (12.0%). There are also a number of people of English ancestry (11.7%), and residents who report Irish roots (10.1%), and some of the residents are also of French Canadian ancestry (9.2%), along with some German ancestry residents (8.6%), among others.
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 Chimney Corner / Walnut Ledge neighborhood spend between 15 and 30 minutes commuting one-way to work (76.0% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (59.9%) 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 (15.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.