Market Street at Town Center / Savoy at Reston Town Center median real estate price is $735,789, which is more expensive than 80.0% of the neighborhoods in Virginia and 81.3% of the neighborhoods in the U.S.
The average rental price in Market Street at Town Center / Savoy at Reston Town Center is currently $3,353, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 88.2% of the neighborhoods in Virginia.
Market Street at Town Center / Savoy at Reston Town Center is an urban neighborhood (based on population density) located in Reston, Virginia.
Market Street at Town Center / Savoy at Reston Town Center real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Market Street at Town Center / Savoy at Reston Town Center neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Market Street at Town Center / Savoy at Reston Town Center has a 13.6% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 74.3% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are 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 Market Street at Town Center / Savoy at Reston Town Center neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 99.6% of the neighborhoods in America. In fact, 84.0% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.
If knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Market Street at Town Center / Savoy at Reston Town Center neighborhood, where 43.0% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 98.0% of the neighborhoods in America.
In addition, one of the most interesting things about the Market Street at Town Center / Savoy at Reston Town Center neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 55.9% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 97.9% of the neighborhoods in America.
A unique way of commuting is simply not to. And in the Market Street at Town Center / Savoy at Reston Town Center neighborhood, analysis shows that 31.9% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 97.8% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.
The real estate in the Market Street at Town Center / Savoy at Reston Town Center neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 83.6% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.2% of American neighborhoods.
Did you know that the Market Street at Town Center / Savoy at Reston Town Center neighborhood has more Russian and Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.3% of this neighborhood's residents have Russian ancestry and 1.2% have Austrian ancestry.
Market Street at Town Center / Savoy at Reston Town Center is also pretty special linguistically. Significantly, 1.3% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 98.4% 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 Market Street at Town Center / Savoy at Reston Town Center neighborhood in Reston are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 91.6% of the neighborhoods in America. With 41.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 90.0% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Market Street at Town Center / Savoy at Reston Town Center neighborhood, 84.0% 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 10.4% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (8.8%), and 5.2% in clerical, assistant, and tech support occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Market Street at Town Center / Savoy at Reston Town Center neighborhood is English, spoken by 77.2% of households. Other important languages spoken here include Spanish, Langs. of India and Tagalog (the first language of the Philippine region).
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Market Street at Town Center / Savoy at Reston Town Center neighborhood in Reston, VA, residents most commonly identify their ethnicity or ancestry as German (15.3%). There are also a number of people of Asian ancestry (14.6%), and residents who report English roots (13.3%), and some of the residents are also of Irish ancestry (9.7%), along with some Italian ancestry residents (7.7%), among others. In addition, 21.7% 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 Market Street at Town Center / Savoy at Reston Town Center neighborhood spend between 15 and 30 minutes commuting one-way to work (38.6% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (53.5%) 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 (7.8%) and 6.1% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.