Cherry Lake median real estate price is $488,655, which is more expensive than 59.9% of the neighborhoods in Florida and 63.8% of the neighborhoods in the U.S.
The average rental price in Cherry Lake is currently $2,672, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 43.2% of Florida neighborhoods.
Cherry Lake is a suburban neighborhood (based on population density) located in The Villages, Florida.
Cherry Lake real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Cherry Lake neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Cherry Lake. The current real estate vacancy rate here is 16.8%. This is higher than the rate of vacancies in 82.7% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (14.5%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.
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.
The Cherry Lake neighborhood has a greater percentage of children living in poverty (100.0%) than found in 99.9% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.
In addition, if you are planning to retire in Florida, this neighborhood should be on your must-see list. For many reasons, Cherry Lake may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Florida, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 96.9% of neighborhoods in FL. If a Florida retirement is in your future, this neighborhood should be one of the places you visit.
Also, 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 Cherry Lake neighborhood may actually hold the key. 69.3% of its residents are married, which is a higher percentage than is found in 95.6% of the neighborhoods in America.
If you like the look and ambience of new homes and newly built neighborhoods, you will love the Cherry Lake neighborhood. A whopping 96.6% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 99.7% of the neighborhoods in the U.S. Everything here just feels new. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.
In addition, real estate in the Cherry Lake neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 96.4% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood.
Did you know that the Cherry Lake neighborhood has more Austrian and Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.2% of this neighborhood's residents have Austrian ancestry and 4.4% have Scots-Irish ancestry.
Cherry Lake is also pretty special linguistically. Significantly, 6.1% of its residents five years old and above primarily speak Polish at home. While this may seem like a small percentage, it is higher than 95.1% of the neighborhoods in America.
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 Cherry Lake neighborhood in The Villages are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 56.1% of the neighborhoods in America. With 100.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.9% of U.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 Cherry Lake neighborhood, 68.1% 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 24.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (4.6%), and 2.7% in manufacturing and laborer occupations.
The most common language spoken in the Cherry Lake neighborhood is English, spoken by 96.6% of households. Some people also speak Polish (6.1%).
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 Cherry Lake neighborhood in The Villages, FL, residents most commonly identify their ethnicity or ancestry as Irish (25.3%). There are also a number of people of German ancestry (19.1%), and residents who report English roots (18.2%), and some of the residents are also of Polish ancestry (8.5%), along with some Italian ancestry residents (6.4%), 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 Cherry Lake neighborhood spend between 15 and 30 minutes commuting one-way to work (54.5% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (72.8%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (9.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.