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Real Estate Prices & Overview

Colonial Forest median real estate price is $542,252, which is more expensive than 64.1% of the neighborhoods in Virginia and 68.8% of the neighborhoods in the U.S.

The average rental price in Colonial Forest is currently $2,407, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 45.1% of Virginia neighborhoods.

Colonial Forest is a rural neighborhood (based on population density) located in Mechanicsville, Virginia.

Colonial Forest 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 Colonial Forest neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Real estate vacancies in Colonial Forest are 4.3%, which is lower than one will find in 71.6% of American neighborhoods. Demand for real estate in Colonial Forest 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

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 Mechanicsville, the Colonial Forest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

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 Colonial Forest 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.

In addition, according to NeighborhoodScout's exclusive analysis, Colonial Forest is among the best neighborhoods for families in Virginia. In fact, this neighborhood is more family-friendly than 96.2% of neighborhoods in the entire state of Virginia. 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 Colonial Forest 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.

Real Estate

The Colonial Forest neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 99.4% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 98.2% of all neighborhoods in America.

In addition, one way that the Colonial Forest neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 95.1% 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.

Diversity

Did you know that the Colonial Forest neighborhood has more English and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 25.7% of this neighborhood's residents have English ancestry and 2.8% have Hungarian ancestry.

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 Colonial Forest neighborhood in Mechanicsville 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 94.2% of the neighborhoods in America. In addition, 0.8% 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 79.2% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Colonial Forest neighborhood, 41.9% 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 20.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.1%), and 17.3% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Colonial Forest neighborhood is English, spoken by 97.2% of households.

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 Colonial Forest neighborhood in Mechanicsville, VA, residents most commonly identify their ethnicity or ancestry as English (25.7%). There are also a number of people of Irish ancestry (13.2%), and residents who report German roots (10.4%), and some of the residents are also of Italian ancestry (8.3%), along with some Sub-Saharan African ancestry residents (3.9%), among others.

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 Colonial Forest neighborhood spend between 15 and 30 minutes commuting one-way to work (50.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (70.7%) 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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