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Real Estate Prices & Overview

Reserve at Forest Hills / Colonial Village median real estate price is $416,893, which is more expensive than 66.3% of the neighborhoods in North Carolina and 55.3% of the neighborhoods in the U.S.

The average rental price in Reserve at Forest Hills / Colonial Village is currently $2,429, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 78.6% of the neighborhoods in North Carolina.

Reserve at Forest Hills / Colonial Village is a suburban neighborhood (based on population density) located in Wilmington, North Carolina.

Reserve at Forest Hills / Colonial Village 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Reserve at Forest Hills / Colonial Village neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Home and apartment vacancy rates are 8.3% in Reserve at Forest Hills / Colonial Village. NeighborhoodScout analysis shows that this rate is lower than 46.3% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Wilmington, the Reserve at Forest Hills / Colonial Village neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

An extraordinary 26.0% of the residents of the Reserve at Forest Hills / Colonial Village neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

In addition, the Reserve at Forest Hills / Colonial Village neighborhood stands out within North Carolina for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 8.4% of college-friendly places to live in NC.

Diversity

Did you know that the Reserve at Forest Hills / Colonial Village neighborhood has more Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.5% of this neighborhood's residents have Cuban ancestry.

Reserve at Forest Hills / Colonial Village is also pretty special linguistically. Significantly, 1.5% 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 96.5% of the neighborhoods in America.

The Neighbors

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 Reserve at Forest Hills / Colonial Village neighborhood in Wilmington are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 86.0% of U.S. neighborhoods. With 46.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 92.6% of U.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 Reserve at Forest Hills / Colonial Village neighborhood, 35.6% 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 31.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.9%), and 16.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Reserve at Forest Hills / Colonial Village neighborhood is English, spoken by 95.1% of households. Some people also speak Spanish (4.2%).

Ethnicity / Ancestry

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 Reserve at Forest Hills / Colonial Village neighborhood in Wilmington, NC, residents most commonly identify their ethnicity or ancestry as English (11.4%). There are also a number of people of Irish ancestry (7.0%), and residents who report German roots (6.8%), and some of the residents are also of Cuban ancestry (4.5%), along with some Italian ancestry residents (3.5%), among others.

Getting to Work

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 Reserve at Forest Hills / Colonial Village neighborhood spend between 15 and 30 minutes commuting one-way to work (52.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (83.3%) 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 (9.8%) . 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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