Cambridge Estates / Coldwater Ridge median real estate price is $570,057, which is more expensive than 68.7% of the neighborhoods in Arizona and 70.4% of the neighborhoods in the U.S.
The average rental price in Cambridge Estates / Coldwater Ridge is currently $3,346, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 85.3% of the neighborhoods in Arizona.
Cambridge Estates / Coldwater Ridge is a suburban neighborhood (based on population density) located in Avondale, Arizona.
Cambridge Estates / Coldwater Ridge real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Cambridge Estates / Coldwater Ridge neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In Cambridge Estates / Coldwater Ridge, the current vacancy rate is 1.9%, which is a lower rate of vacancies than 86.3% of all neighborhoods in the U.S. This means that the housing supply in Cambridge Estates / Coldwater Ridge is very tight compared to the demand for property here.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Homes built from 2000 through today make up a higher proportion of the Cambridge Estates / Coldwater Ridge neighborhood's real estate landscape than 99.6% 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, 95.8% of the residential real estate here is classified as newer. 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, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Cambridge Estates / Coldwater Ridge neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 98.8% of all American neighborhoods.
Furthermore, one way that the Cambridge Estates / Coldwater Ridge neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 96.9% 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.
Did you know that the Cambridge Estates / Coldwater Ridge neighborhood has more Canadian and British ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.6% of this neighborhood's residents have Canadian ancestry and 2.3% have British 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 Cambridge Estates / Coldwater Ridge neighborhood in Avondale are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 77.8% of the neighborhoods in America. In addition, 3.0% 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 70.9% 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 Cambridge Estates / Coldwater Ridge neighborhood, 30.5% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 29.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (24.1%), and 15.9% in clerical, assistant, and tech support occupations.
The most common language spoken in the Cambridge Estates / Coldwater Ridge neighborhood is Spanish, spoken by 50.9% of households. Some people also speak English (46.8%).
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 Cambridge Estates / Coldwater Ridge neighborhood in Avondale, AZ, residents most commonly identify their ethnicity or ancestry as Mexican (61.3%). There are also a number of people of German ancestry (5.1%), and residents who report Irish roots (2.9%), and some of the residents are also of Asian ancestry (2.5%), along with some British ancestry residents (2.3%), among others. In addition, 24.9% of the residents of this neighborhood were born in another country.
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 Cambridge Estates / Coldwater Ridge neighborhood spend between 15 and 30 minutes commuting one-way to work (33.9% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (65.8%) 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 (12.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.