Town Acres / Wendover Woods median real estate price is $539,769, which is more expensive than 92.2% of the neighborhoods in Michigan and 69.9% of the neighborhoods in the U.S.
The average rental price in Town Acres / Wendover Woods is currently $4,928, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 99.5% of the neighborhoods in Michigan.
Town Acres / Wendover Woods is a suburban neighborhood (based on population density) located in Troy, Michigan.
Town Acres / Wendover Woods 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 Town Acres / Wendover Woods neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Town Acres / Wendover Woods, the current vacancy rate is 1.0%, which is a lower rate of vacancies than 91.3% of all neighborhoods in the U.S. This means that the housing supply in Town Acres / Wendover Woods is very tight compared to the demand for property here.
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 Troy, the Town Acres / Wendover Woods neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
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 Town Acres / Wendover Woods neighborhood is wealthier than 95.3% 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. As one would expect in a considerably wealthy neighborhood such as this, Town Acres / Wendover Woods also has one of the lowest ratings of child poverty in the nation.
In addition, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Town Acres / Wendover Woods neighborhood may actually hold the key. 74.1% of its residents are married, which is a higher percentage than is found in 98.7% of the neighborhoods in America.
Also, according to NeighborhoodScout's exclusive analysis, Town Acres / Wendover Woods is among the best neighborhoods for families in Michigan. In fact, this neighborhood is more family-friendly than 98.4% of neighborhoods in the entire state of Michigan. 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 Town Acres / Wendover Woods neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for urban sophisticates and highly educated executives.
Real Estate
One way that the Town Acres / Wendover Woods neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 98.8% 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.
In addition, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Town Acres / Wendover Woods neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 98.7% of all American neighborhoods.
Furthermore, real estate in the Town Acres / Wendover Woods neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 98.6% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood.
Modes of Transportation
A unique way of commuting is simply not to. And in the Town Acres / Wendover Woods neighborhood, analysis shows that 27.3% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 95.2% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.
Diversity
Did you know that the Town Acres / Wendover Woods neighborhood has more Belgian and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.4% of this neighborhood's residents have Belgian ancestry and 4.2% have Arab ancestry.
Town Acres / Wendover Woods is also pretty special linguistically. Significantly, 4.0% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 97.7% of the neighborhoods in America.
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 Town Acres / Wendover Woods neighborhood in Troy 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 95.3% 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 Town Acres / Wendover Woods neighborhood, 65.3% 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 19.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.4%), and 5.2% in manufacturing and laborer occupations.
Languages
The most common language spoken in the Town Acres / Wendover Woods neighborhood is English, spoken by 83.8% of households. Some people also speak Arabic (4.0%).
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 Town Acres / Wendover Woods neighborhood in Troy, MI, residents most commonly identify their ethnicity or ancestry as German (20.7%). There are also a number of people of Italian ancestry (17.1%), and residents who report Irish roots (12.7%), and some of the residents are also of English ancestry (12.0%), along with some Polish ancestry residents (9.7%), among others. In addition, 15.9% of the residents of this neighborhood were born in another country.
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 Town Acres / Wendover Woods neighborhood spend between 15 and 30 minutes commuting one-way to work (49.3% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (71.3%) 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.
