Based on the research conducted by Neighborhood Scout, the average rental price in Canterbury Woods, a suburban neighborhood in Annandale, Virginia is $2931, which is more expensive than 95% of the neighborhoods in Virginia. The median real estate price is $693,003. This is more expensive than 92% of the Virginian neighborhoods and 93 % of the neighborhoods in the entire country.
You can find all types of complexes in Canterbury Woods. There are smaller apartments with three or four bedrooms and then there are larger ones with more than five bedrooms. The high rises in Canterbury Woods were mainly built in between 1970 to 1999. Other buildings are quite old. With Canterbury Woods being a well-established neighborhood, there are even houses that date back to 1940s. A huge portion of the real estate is owner occupied, leaving only a relatively small portion for rentals.
When it comes to the vacancies, Canterbury Woods in highly packed and vacancies appear only when someone is moving out. This gives an all the more hike in the prices of real estate in this area.
More than 95% of the total real estate in Canterbury Woods is owner occupied. Hence, the area has a very low vacancy rate with very uneven supply and demand rates, resulting in the skyrocketing prices of properties. One more unique thing about this locality is that it has the highest number of homes with more than 4 or 5 bedrooms. If you visit the area, you can right away notice the great size of houses. This also makes a strong visual statement, giving the area a very posh appeal.
The cultural backgrounds and income of the residents go a long way in determining the nature of a neighborhood. Canterbury Woods is a posh area with residents who are wealthier than 98% of the Americans. The area has a sheer concentration of wealth and income rates are quite stable. The area has witnessed very fast recovery rates during times of economic downturn. Canterbury Woods also has one of the lowest ratings for child poverty.
This area also serves as a great choice for families with school going kids and adults who are looking for jobs that require highly educated executives and urban sophisticates. Most of the houses in Canterbury Woods are occupied by single families. This develops a strong sense of community among the residents. The area also has all the amenities that are required by families, college goers and school going. The area also has great public schools, very low crime rate and a highly educated adult population. All of these combine to make Canterbury Woods very favorable for academic success.
Canterbury Woods has a mixed population consisting of residents with English, German, Irish, Italian, Vietnamese and Asian roots. 64 % of the total population is engaged in executive services, professional services, and management. Some of them are also engaged in government services at the local, state and national level. As for the income, Canterbury Woods has been identified as one of the wealthiest neighborhoods in all of US.
71% of the households use English while there are also some families that speak Korean, Vietnamese, Spanish and Tagalong.
Most of the places are accessible by foot. Workplaces are located at a few minutes distance by foot. A majority of the population spends at least 45 minutes commuting. For distances that are not walkable, residents use private vehicles and carpools with fellow workers or students.