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Real Estate Prices & Overview

Grovewood / Waterside median real estate price is $723,133, which is more expensive than 79.7% of the neighborhoods in Virginia and 81.4% of the neighborhoods in the U.S.

The average rental price in Grovewood / Waterside is currently $3,526, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 90.2% of the neighborhoods in Virginia.

Grovewood / Waterside is a suburban neighborhood (based on population density) located in Sterling, Virginia.

Grovewood / Waterside real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) townhomes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Grovewood / Waterside neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Grovewood / Waterside, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Grovewood / Waterside 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.

Real Estate

This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Grovewood / Waterside neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.

In addition, if you love row houses and attached homes, you will probably really like the Grovewood / Waterside 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, 90.4% of the residential real estate here is classified as row houses and attached homes.

Furthermore, homes built from 2000 through today make up a higher proportion of the Grovewood / Waterside neighborhood's real estate landscape than 96.5% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 74.1% of the residential real estate here is classified as newer.

People

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 Grovewood / Waterside neighborhood is wealthier than 96.9% 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. As one would expect in a considerably wealthy neighborhood such as this, Grovewood / Waterside also has one of the lowest ratings of child poverty in the nation.

In addition, the Grovewood / Waterside neighborhood is considered a solid choice for executive lifestyles. NeighborhoodScout's analysis ranks it as better than 90.9% of Virginia neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state.

Diversity

Did you know that the Grovewood / Waterside neighborhood has more South American and Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 13.7% of this neighborhood's residents have South American ancestry and 38.6% have Asian ancestry.

Grovewood / Waterside is also pretty special linguistically. Significantly, 3.9% 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 99.6% of the neighborhoods in America.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Grovewood / Waterside neighborhood. What is interesting to note, is that the Grovewood / Waterside neighborhood has a greater percentage of residents born in another country (46.5%) than are found in 96.6% of all U.S. neighborhoods.

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 Grovewood / Waterside neighborhood in Sterling 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 96.9% 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 Grovewood / Waterside neighborhood, 66.2% 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 14.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (13.1%), and 7.8% in government jobs, whether they are in local, state, or federal positions.

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 Grovewood / Waterside neighborhood is English, spoken by 44.9% of households. Other important languages spoken here include Spanish, Langs. of India, Tagalog (the first language of the Philippine region) and Urdu (the national language of Pakistan).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Grovewood / Waterside neighborhood in Sterling, VA, residents most commonly identify their ethnicity or ancestry as Asian (38.6%). There are also a number of people of South American ancestry (13.7%), and residents who report English roots (12.9%), and some of the residents are also of German ancestry (6.9%), along with some Irish ancestry residents (6.0%), among others. In addition, 46.5% 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 Grovewood / Waterside neighborhood spend between 15 and 30 minutes commuting one-way to work (29.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (63.3%) 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 (16.2%) . 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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