Crescent Rd / Savoy Dr median real estate price is $296,172, which is more expensive than 57.0% of the neighborhoods in Michigan and 37.3% of the neighborhoods in the U.S.
The average rental price in Crescent Rd / Savoy Dr is currently $2,740, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 94.3% of the neighborhoods in Michigan.
Crescent Rd / Savoy Dr is a suburban neighborhood (based on population density) located in Waterford, Michigan.
Crescent Rd / Savoy Dr real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Crescent Rd / Savoy Dr neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Crescent Rd / Savoy Dr, 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 Crescent Rd / Savoy Dr is very tight compared to the demand for property here.
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.
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 Crescent Rd / Savoy Dr 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, the Crescent Rd / Savoy Dr 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 97.1% 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 95.1% of all neighborhoods in America.
While most Americans do drive to work alone each day, the Crescent Rd / Savoy Dr neighborhood stands out by having 89.2% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 96.5% of all American neighborhoods.
The Crescent Rd / Savoy Dr neighborhood stands out within Michigan for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 9.4% of college-friendly places to live in MI.
Did you know that the Crescent Rd / Savoy Dr neighborhood has more Eastern European and Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.8% of this neighborhood's residents have Eastern European ancestry and 2.5% have Ukrainian ancestry.
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 Crescent Rd / Savoy Dr neighborhood in Waterford are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 65.7% of the neighborhoods in America. In addition, 5.0% 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 64.1% 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 Crescent Rd / Savoy Dr neighborhood, 33.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 23.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (22.1%), and 21.1% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The most common language spoken in the Crescent Rd / Savoy Dr neighborhood is English, spoken by 94.3% 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 Crescent Rd / Savoy Dr neighborhood in Waterford, MI, residents most commonly identify their ethnicity or ancestry as German (25.3%). There are also a number of people of English ancestry (13.4%), and residents who report Irish roots (8.9%), and some of the residents are also of Polish ancestry (7.6%), along with some Scottish ancestry residents (4.8%), 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 Crescent Rd / Savoy Dr neighborhood spend between 30 and 45 minutes commuting one-way to work (35.8% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (89.2%) 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.