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Real Estate Prices & Overview

Old Thompson Mill Rd / Hosch Valley Rd median real estate price is $455,423, which is more expensive than 71.6% of the neighborhoods in Georgia and 61.8% of the neighborhoods in the U.S.

The average rental price in Old Thompson Mill Rd / Hosch Valley Rd is currently $3,819, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 94.4% of the neighborhoods in Georgia.

Old Thompson Mill Rd / Hosch Valley Rd is a suburban neighborhood (based on population density) located in Buford, Georgia.

Old Thompson Mill Rd / Hosch Valley Rd real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Old Thompson Mill Rd / Hosch Valley Rd neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Old Thompson Mill Rd / Hosch Valley Rd, the current vacancy rate is 2.5%, which is a lower rate of vacancies than 83.7% of all neighborhoods in the U.S. This means that the housing supply in Old Thompson Mill Rd / Hosch Valley Rd is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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.

People

Of note is NeighborhoodScout's research finding that the Old Thompson Mill Rd / Hosch Valley Rd neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Old Thompson Mill Rd / Hosch Valley Rd community truly stands out from the rest in this regard.

In addition, the Old Thompson Mill Rd / Hosch Valley Rd neighborhood is a great option for families, as revealed by NeighborhoodScout's research on this neighborhood. The combination of top public schools, low crime rates, and owner-occupied single family homes, make this neighborhood among the top 5.8% of family-friendly neighborhoods in the state of Georgia. Many other families also live here, making it easy to socialize and develop a sense of community. In addition, families here highly value education, as is reflected by the strength of the local schools.

Real Estate

One way that the Old Thompson Mill Rd / Hosch Valley Rd neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.2% 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.

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 Old Thompson Mill Rd / Hosch Valley Rd 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 98.7% of all American neighborhoods.

Furthermore, homes built from 2000 through today make up a higher proportion of the Old Thompson Mill Rd / Hosch Valley Rd neighborhood's real estate landscape than 97.7% 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, 81.9% 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.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Old Thompson Mill Rd / Hosch Valley Rd neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 33.6% of the households here have four, five, or more cars. That is more cars per household than in 95.3% of the neighborhoods in the nation.

Diversity

Did you know that the Old Thompson Mill Rd / Hosch Valley Rd neighborhood has more Danish and Norwegian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.1% of this neighborhood's residents have Danish ancestry and 6.6% have Norwegian ancestry.

Old Thompson Mill Rd / Hosch Valley Rd is also pretty special linguistically. Significantly, 1.3% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 95.9% of the neighborhoods in America.

The Neighbors

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 Old Thompson Mill Rd / Hosch Valley Rd neighborhood in Buford are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 52.9% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America'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 Old Thompson Mill Rd / Hosch Valley Rd neighborhood, 37.2% 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 28.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (27.0%), and 7.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Old Thompson Mill Rd / Hosch Valley Rd neighborhood is English, spoken by 81.1% of households. Some people also speak Spanish (18.2%).

Ethnicity / Ancestry

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 Old Thompson Mill Rd / Hosch Valley Rd neighborhood in Buford, GA, residents most commonly identify their ethnicity or ancestry as English (12.5%). There are also a number of people of Norwegian ancestry (6.6%), and residents who report South American roots (5.8%), and some of the residents are also of Irish ancestry (5.0%), along with some German ancestry residents (3.9%), among others. In addition, 13.5% of the residents of this neighborhood were born in another country.

Getting to Work

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 Old Thompson Mill Rd / Hosch Valley Rd neighborhood spend between 15 and 30 minutes commuting one-way to work (55.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (77.3%) 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 (7.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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