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Real Estate Prices & Overview

Lake Arrowhead median real estate price is $590,692, which is more expensive than 68.4% of the neighborhoods in Virginia and 72.2% of the neighborhoods in the U.S.

The average rental price in Lake Arrowhead is currently $2,821, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 72.3% of the neighborhoods in Virginia.

Lake Arrowhead is a rural neighborhood (based on population density) located in Stafford, Virginia.

Lake Arrowhead real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Lake Arrowhead 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.

Real estate vacancies in Lake Arrowhead are 5.9%, which is lower than one will find in 60.4% of American neighborhoods. Demand for real estate in Lake Arrowhead is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

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 Stafford, the Lake Arrowhead neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

The Lake Arrowhead neighborhood has a greater proportion of government workers living in it than 99.7% 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

The Lake Arrowhead 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 100.0% 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 98.7% of all neighborhoods in America.

In addition, one way that the Lake Arrowhead neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 96.7% 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.

People

According to NeighborhoodScout's exclusive analysis, Lake Arrowhead is among the best neighborhoods for families in Virginia. In fact, this neighborhood is more family-friendly than 98.0% of neighborhoods in the entire state of Virginia. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Lake Arrowhead neighborhood.

Diversity

Did you know that the Lake Arrowhead neighborhood has more Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.8% of this neighborhood's residents have Russian ancestry.

Lake Arrowhead is also pretty special linguistically. Significantly, 2.2% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 99.0% 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 Lake Arrowhead neighborhood in Stafford 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 92.1% of the neighborhoods in America. In addition, 1.9% 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 75.6% 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 Lake Arrowhead neighborhood, 46.3% 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 34.0% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (25.8%), and 13.8% in manufacturing and laborer occupations.

Languages

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 Lake Arrowhead neighborhood is English, spoken by 85.6% of households. Other important languages spoken here include Spanish and Urdu (the national language of Pakistan).

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 Lake Arrowhead neighborhood in Stafford, VA, residents most commonly identify their ethnicity or ancestry as German (15.1%). There are also a number of people of English ancestry (13.9%), and residents who report Irish roots (12.4%), and some of the residents are also of Italian ancestry (6.3%), along with some Puerto Rican ancestry residents (5.2%), among others. In addition, 12.4% of the residents of this neighborhood were born in another country.

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 Lake Arrowhead neighborhood spend between 30 and 45 minutes commuting one-way to work (32.6% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (71.4%) 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 (10.2%) and 5.3% of residents also take the train for their daily commute. 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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