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Real Estate Prices & Overview

Colonial Hills median real estate price is $268,510, which is less expensive than 79.0% of Florida neighborhoods and 65.9% of all U.S. neighborhoods.

The average rental price in Colonial Hills is currently $2,198, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 68.3% of Florida neighborhoods.

Colonial Hills is a suburban neighborhood (based on population density) located in New Port Richey, Florida.

Colonial Hills real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Colonial Hills neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Colonial Hills has a 13.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 75.1% 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.

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.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the Colonial Hills stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 90.1% of the residential real estate here was built in this one time period.

In addition, the Colonial Hills 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 99.0% 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 97.5% of all neighborhoods in America.

Diversity

Did you know that the Colonial Hills neighborhood has more Scots-Irish and Welsh ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.3% of this neighborhood's residents have Scots-Irish ancestry and 2.3% have Welsh ancestry.

Colonial Hills is also pretty special linguistically. Significantly, 3.4% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 99.8% 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 Colonial Hills neighborhood in New Port Richey are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 75.7% of U.S. neighborhoods. In addition, 8.8% 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 53.7% 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 Colonial Hills neighborhood, 32.5% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 30.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (20.7%), and 16.7% in clerical, assistant, and tech support occupations.

Languages

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 Colonial Hills neighborhood is English, spoken by 88.8% of households. Other important languages spoken here include Spanish, Greek and Arabic.

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 Colonial Hills neighborhood in New Port Richey, FL, residents most commonly identify their ethnicity or ancestry as Irish (19.2%). There are also a number of people of English ancestry (13.8%), and residents who report German roots (13.4%), and some of the residents are also of Italian ancestry (11.8%), along with some Scots-Irish ancestry residents (3.3%), 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 Colonial Hills neighborhood spend between 45 minutes and one hour commuting one-way to work (29.8% of working residents), longer and tougher than most commutes in America.

Here most residents (71.1%) 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 (17.5%) . 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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