Cave Colony / Cool Spring median real estate price is $449,958, which is more expensive than 54.9% of the neighborhoods in Delaware and 58.0% of the neighborhoods in the U.S.
The average rental price in Cave Colony / Cool Spring is currently $4,018, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 98.3% of the neighborhoods in Delaware.
Cave Colony / Cool Spring is a rural neighborhood (based on population density) located in Milton, Delaware.
Cave Colony / Cool Spring real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Cave Colony / Cool Spring neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Cave Colony / Cool Spring. The current real estate vacancy rate here is 21.1%. This is higher than the rate of vacancies in 89.7% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, 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 Milton, the Cave Colony / Cool Spring neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Of note is NeighborhoodScout's research finding that the Cave Colony / Cool Spring neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Cave Colony / Cool Spring community truly stands out from the rest in this regard.
In addition, if you're planning where to retire, the Cave Colony / Cool Spring neighborhood in Milton is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in DE, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 86.9% of the neighborhoods in Delaware. If you are considering retiring to Delaware, this is a good neighborhood to look at.
One of the notable things about Cave Colony / Cool Spring is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.
In addition, owner-occupied real estate dominates the Cave Colony / Cool Spring neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 97.2% of neighborhoods in America.
Furthermore, if you like the look and ambience of new homes and newly built neighborhoods, you will love the Cave Colony / Cool Spring neighborhood. A whopping 76.9% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 96.5% of the neighborhoods in the U.S. Everything here just feels new.
Did you know that the Cave Colony / Cool Spring neighborhood has more Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.1% of this neighborhood's residents have Ukrainian ancestry.
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 Cave Colony / Cool Spring neighborhood in Milton are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 63.8% 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.
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 Cave Colony / Cool Spring neighborhood, 61.0% 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 22.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (8.9%), and 7.2% in clerical, assistant, and tech support occupations.
The most common language spoken in the Cave Colony / Cool Spring neighborhood is English, spoken by 94.8% of households.
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 Cave Colony / Cool Spring neighborhood in Milton, DE, residents most commonly identify their ethnicity or ancestry as German (17.4%). There are also a number of people of Irish ancestry (16.9%), and residents who report English roots (16.0%), and some of the residents are also of Italian ancestry (13.5%), along with some Polish ancestry residents (7.1%), 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 Cave Colony / Cool Spring neighborhood spend between 15 and 30 minutes commuting one-way to work (55.3% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (68.7%) 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 (16.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.