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Real Estate Prices & Overview

Riverside Estates / Woodland Park median real estate price is $883,656, which is more expensive than 89.6% of the neighborhoods in Virginia and 89.2% of the neighborhoods in the U.S.

The average rental price in Riverside Estates / Woodland Park is currently $3,584, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 92.8% of the neighborhoods in Virginia.

Riverside Estates / Woodland Park is a suburban neighborhood (based on population density) located in Alexandria, Virginia.

Riverside Estates / Woodland Park real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Riverside Estates / Woodland Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Riverside Estates / Woodland Park are 5.1%, which is lower than one will find in 66.1% of American neighborhoods. Demand for real estate in Riverside Estates / Woodland Park 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

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.

Real Estate

One way that the Riverside Estates / Woodland Park neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.7% 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, the Riverside Estates / Woodland Park 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 100.0% 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 98.7% of all neighborhoods in America.

Furthermore, owner-occupied real estate dominates the Riverside Estates / Woodland Park neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 95.4% of neighborhoods in America.

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 Riverside Estates / Woodland Park neighborhood may actually hold the key. 75.1% of its residents are married, which is a higher percentage than is found in 99.0% of the neighborhoods in America.

In addition, 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 Riverside Estates / Woodland Park neighborhood is wealthier than 98.3% 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.

Also, think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the Riverside Estates / Woodland Park neighborhood: a neighborhood in which more "urban sophisticates" live than 97.0% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for highly educated executives.

Finally, if knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Riverside Estates / Woodland Park neighborhood, where 35.5% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 95.2% of the neighborhoods in America.

Occupations

The Riverside Estates / Woodland Park neighborhood stands out nationally for having a greater proportion of its residents active in the military than 98.3% of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.

Furthermore, the Riverside Estates / Woodland Park neighborhood has a greater proportion of government workers living in it than 98.1% 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.

Diversity

Did you know that the Riverside Estates / Woodland Park neighborhood has more Welsh ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.3% of this neighborhood's residents have Welsh 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 Riverside Estates / Woodland Park neighborhood in Alexandria 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 98.3% of the neighborhoods in America. In addition, 4.1% 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 67.5% 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 Riverside Estates / Woodland Park neighborhood, 62.1% 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 27.7% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (17.1%), and 5.3% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Riverside Estates / Woodland Park neighborhood is English, spoken by 85.4% of households. Other important languages spoken here include Spanish and Polish.

Ethnicity / Ancestry

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 Riverside Estates / Woodland Park neighborhood in Alexandria, VA, residents most commonly identify their ethnicity or ancestry as Irish (17.0%). There are also a number of people of German ancestry (12.8%), and residents who report English roots (9.9%), and some of the residents are also of Italian ancestry (8.2%), along with some Asian ancestry residents (7.9%), among others. In addition, 15.4% of the residents of this neighborhood were born in another country.

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 Riverside Estates / Woodland Park neighborhood spend between 30 and 45 minutes commuting one-way to work (30.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (59.5%) 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 (16.1%) . 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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