Lakewood Farms / Wellington Farms median real estate price is $498,068, which is more expensive than 59.5% of the neighborhoods in Virginia and 64.7% of the neighborhoods in the U.S.
The average rental price in Lakewood Farms / Wellington Farms is currently $2,674, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.2% of Virginia neighborhoods.
Lakewood Farms / Wellington Farms is a suburban neighborhood (based on population density) located in Chester, Virginia.
Lakewood Farms / Wellington Farms 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 Lakewood Farms / Wellington Farms neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Lakewood Farms / Wellington Farms are 3.6%, which is lower than one will find in 75.2% of American neighborhoods. Demand for real estate in Lakewood Farms / Wellington Farms 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.
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 Chester, the Lakewood Farms / Wellington Farms neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Of note is NeighborhoodScout's research finding that the Lakewood Farms / Wellington Farms neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Lakewood Farms / Wellington Farms community truly stands out from the rest in this regard.
In addition, if you're planning where to retire, the Lakewood Farms / Wellington Farms neighborhood in Chester is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in VA, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 87.9% of the neighborhoods in Virginia. If you are considering retiring to Virginia, this is a good neighborhood to look at.
Did you know that the Lakewood Farms / Wellington Farms neighborhood has more Romanian and Belgian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.9% of this neighborhood's residents have Romanian ancestry and 0.5% have Belgian 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 Lakewood Farms / Wellington Farms neighborhood in Chester are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 71.8% of the neighborhoods in America. In addition, 0.0% 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 100.0% 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 Lakewood Farms / Wellington Farms neighborhood, 54.7% 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 19.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (15.5%), and 10.6% in government jobs, whether they are in local, state, or federal positions.
The most common language spoken in the Lakewood Farms / Wellington Farms neighborhood is English, spoken by 92.7% of households. Some people also speak Chinese (2.3%).
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 Lakewood Farms / Wellington Farms neighborhood in Chester, VA, residents most commonly identify their ethnicity or ancestry as English (14.1%). There are also a number of people of German ancestry (11.4%), and residents who report Italian roots (7.9%), and some of the residents are also of Asian ancestry (7.0%), along with some Irish ancestry residents (5.9%), among others. In addition, 10.4% of the residents of this neighborhood were born in another country.
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 Lakewood Farms / Wellington Farms neighborhood spend between 30 and 45 minutes commuting one-way to work (40.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (77.4%) 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 (7.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.