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Real Estate Prices & Overview

Route 7 Gateway / Lakes East median real estate price is $879,157, which is more expensive than 88.3% of the neighborhoods in Connecticut and 86.3% of the neighborhoods in the U.S.

The average rental price in Route 7 Gateway / Lakes East is currently $3,537, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 83.8% of the neighborhoods in Connecticut.

Route 7 Gateway / Lakes East is a rural neighborhood (based on population density) located in Ridgefield, Connecticut.

Route 7 Gateway / Lakes East real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more 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 Route 7 Gateway / Lakes East neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Route 7 Gateway / Lakes East are 4.0%, which is lower than one will find in 71.2% of American neighborhoods. Demand for real estate in Route 7 Gateway / Lakes East 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

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

Some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 41.2% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 97.2% of U.S. neighborhoods, where the average American neighborhood has 14.1% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.

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 Route 7 Gateway / Lakes East neighborhood is wealthier than 96.3% 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, if you are planning to retire in Connecticut, this neighborhood should be on your must-see list. For many reasons, Route 7 Gateway / Lakes East may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Connecticut, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 95.8% of neighborhoods in CT. If a Connecticut retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for urban sophisticates, highly educated executives and families with school-aged children.

Diversity

Did you know that the Route 7 Gateway / Lakes East neighborhood has more Croatian and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.5% of this neighborhood's residents have Croatian ancestry and 2.5% have Eastern European ancestry.

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 Route 7 Gateway / Lakes East neighborhood in Ridgefield 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 96.3% of the neighborhoods in America. In addition, 3.9% 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 67.4% 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 Route 7 Gateway / Lakes East neighborhood, 59.0% 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 17.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (13.8%), and 9.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Route 7 Gateway / Lakes East neighborhood is English, spoken by 89.8% of households. Some people also speak Spanish (2.1%).

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 Route 7 Gateway / Lakes East neighborhood in Ridgefield, CT, residents most commonly identify their ethnicity or ancestry as Italian (20.0%). There are also a number of people of English ancestry (17.8%), and residents who report Irish roots (14.1%), and some of the residents are also of Polish ancestry (7.4%), along with some German ancestry residents (6.6%), among others. In addition, 10.5% 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 Route 7 Gateway / Lakes East neighborhood spend between 30 and 45 minutes commuting one-way to work (29.1% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (63.7%) 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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