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Real Estate Prices & Overview

Greenwood Acres median real estate price is $597,586, which is more expensive than 84.5% of the neighborhoods in Georgia and 74.1% of the neighborhoods in the U.S.

The average rental price in Greenwood Acres is currently $2,817, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 71.7% of the neighborhoods in Georgia.

Greenwood Acres is a suburban neighborhood (based on population density) located in Cumming, Georgia.

Greenwood Acres real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more 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 Greenwood Acres neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Greenwood Acres, the current vacancy rate is 2.6%, which is a lower rate of vacancies than 82.4% of all neighborhoods in the U.S. This means that the housing supply in Greenwood Acres is very tight compared to the demand for property here.

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 Cumming, the Greenwood Acres neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of particular note, 3.9% of the people in the Greenwood Acres neighborhood currently reside in a correction facility, held due to punishment for a crime.

In addition, if you are an executive or professional seeking a neighborhood affording an executive lifestyle, or just wanting to find where other executives live in the area, the Greenwood Acres neighborhood should be on your list. It has an enviable mix of spacious homes, relatively stable real estate values, and residents that include a number of wealthy executives, managers, and professionals. NeighborhoodScout's exclusive analysis places it as one of the top 14.7% executive lifestyle neighborhoods in the state of Georgia.

Real Estate

Homes built from 2000 through today make up a higher proportion of the Greenwood Acres neighborhood's real estate landscape than 95.9% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 70.4% of the residential real estate here is classified as newer.

Diversity

Did you know that the Greenwood Acres neighborhood has more Yugoslav and Brazilian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.0% of this neighborhood's residents have Yugoslav ancestry and 2.3% have Brazilian ancestry.

Greenwood Acres is also pretty special linguistically. Significantly, 1.0% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 95.6% of the neighborhoods in America.

The Neighbors

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 Greenwood Acres neighborhood in Cumming are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 70.6% of the neighborhoods in America. In addition, 5.2% 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 64.0% 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 Greenwood Acres neighborhood, 50.4% 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 28.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (10.6%), and 10.0% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Greenwood Acres neighborhood is English, spoken by 75.3% of households. Some people also speak Spanish (9.7%).

Ethnicity / Ancestry

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 Greenwood Acres neighborhood in Cumming, GA, residents most commonly identify their ethnicity or ancestry as German (15.9%). There are also a number of people of Asian ancestry (13.5%), and residents who report English roots (12.6%), and some of the residents are also of Irish ancestry (8.4%), along with some Italian ancestry residents (6.4%), among others. In addition, 21.0% of the residents of this neighborhood were born in another country.

Getting to Work

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 Greenwood Acres neighborhood spend between 15 and 30 minutes commuting one-way to work (29.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (71.1%) 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 (5.9%) . 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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