Cambridge Estates / Coldwater Ridge median real estate price is $528,377, which is more expensive than 63.8% of the neighborhoods in Arizona and 67.5% of the neighborhoods in the U.S.
The average rental price in Cambridge Estates / Coldwater Ridge is currently $3,316, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 86.7% 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 86.8% 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.
If you like the look and ambience of new homes and newly built neighborhoods, you will love the Cambridge Estates / Coldwater Ridge neighborhood. A whopping 95.2% 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 99.5% 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, the Cambridge Estates / Coldwater Ridge neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 100.0% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 98.7% of all neighborhoods in America.
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 96.3% 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 Mexican and British ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 63.6% of this neighborhood's residents have Mexican ancestry and 2.3% have British ancestry.
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 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 81.1% of the neighborhoods in America. In addition, 3.2% 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 70.8% 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, 33.3% 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 27.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (23.4%), 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 51.9% of households. Some people also speak English (46.7%).
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 Cambridge Estates / Coldwater Ridge neighborhood in Avondale, AZ, residents most commonly identify their ethnicity or ancestry as Mexican (63.6%). There are also a number of people of German ancestry (5.2%), and residents who report Irish roots (4.8%), and some of the residents are also of English ancestry (2.7%), along with some British ancestry residents (2.3%), among others. In addition, 25.4% 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 Cambridge Estates / Coldwater Ridge neighborhood spend between 30 and 45 minutes commuting one-way to work (31.8% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (66.5%) 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 (12.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.