Georgetown Colony / Georgetown Point median real estate price is $417,941, which is more expensive than 47.0% of the neighborhoods in Virginia and 55.6% of the neighborhoods in the U.S.
The average rental price in Georgetown Colony / Georgetown Point is currently $2,955, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 73.5% of the neighborhoods in Virginia.
Georgetown Colony / Georgetown Point is a suburban neighborhood (based on population density) located in Chesapeake, Virginia.
Georgetown Colony / Georgetown Point real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Georgetown Colony / Georgetown Point neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Georgetown Colony / Georgetown Point, 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 Georgetown Colony / Georgetown Point is very tight compared to the demand for property here.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
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 Georgetown Colony / Georgetown Point 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 Georgetown Colony / Georgetown Point 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, 24.8% of the residential real estate here is classified as row houses and attached homes.
While most Americans do drive to work alone each day, the Georgetown Colony / Georgetown Point neighborhood stands out by having 89.8% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 97.6% of all American neighborhoods.
The Georgetown Colony / Georgetown Point neighborhood has a greater proportion of government workers living in it than 96.2% 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.
Furthermore, with 1.8% of employed workers living in the Georgetown Colony / Georgetown Point neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 95.7% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
Did you know that the Georgetown Colony / Georgetown Point neighborhood has more Jamaican and African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 9.0% of this neighborhood's residents have Jamaican ancestry and 5.9% have African 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 Georgetown Colony / Georgetown Point neighborhood in Chesapeake are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 50.2% of the neighborhoods in America. With 41.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 90.3% of U.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 Georgetown Colony / Georgetown Point neighborhood, 37.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 29.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (19.7%), and 13.8% in government jobs, whether they are in local, state, or federal positions.
The most common language spoken in the Georgetown Colony / Georgetown Point neighborhood is English, spoken by 95.3% of households. Some people also speak Spanish (4.3%).
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Georgetown Colony / Georgetown Point neighborhood in Chesapeake, VA, residents most commonly identify their ethnicity or ancestry as Jamaican (9.0%). There are also a number of people of Sub-Saharan African ancestry (7.3%), and residents who report Italian roots (7.0%), and some of the residents are also of African ancestry (5.9%), along with some Puerto Rican ancestry residents (4.9%), among others.
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 Georgetown Colony / Georgetown Point neighborhood spend between 15 and 30 minutes commuting one-way to work (46.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (89.8%) 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.