4501 720 Farrow St, Coquitlam, BC, MLS® R3046791

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As we walk through the charming neighborhood surrounding 4501 720 Farrow Street, Coquitlam, BC, I'd like to highlight the excellent education options available. The closest Elementary independent school to this home for sale is Mediated Learning Academy, rated No Rating, and located just 0.64 km from this address. This school is an excellent choice for families, and we're fortunate to have such a high-quality educational institution nearby.

Just down the road, you'll find Mediated Learning Academy again, this time serving as the closest Secondary independent school. With a No Rating, this school is a great option for students seeking a well-rounded education.

Now, let's talk about the safety of our neighborhood. According to the latest crime statistics from Statistics Canada (2020), there were 7,889 disturbance incidents in this area. With an overall crime rate of 5,163.13 per 100,000 population, our neighborhood is considered Below Average in comparison to other Canadian cities. In fact, the crime rate has decreased by 12.53% year-over-year, making this a very safe community for families to live in.

As we explore the neighborhood, you'll notice that the drug crime rate is Average, with a rating of 211.39. There were 323 illegal substances lawbreaking disturbances in 2020, and the ranking has decreased by 6.89% year-over-year. This is excellent news for residents, ensuring a peaceful living environment.

Now, let's discuss property crimes, which are also Below Average in our neighborhood. With a rating of 2,738.96 and 4,185 incidents in 2020, we can rest assured that our community is a safe place to call home. The property misconduct rate has decreased by 18.08% year-over-year, further solidifying our neighborhood's reputation as a secure and reliable area.

As we delve into the demographics of our neighborhood, you'll notice that 29.3% of residents hold a university certificate or degree, which is Above Average in comparison to other BC neighborhoods. On the other hand, 13.3% of the population in this area have no certificate or degree, which is Below Average compared to the average in BC.

According to recent data, the median household income near 4501 720 Farrow Street, Coquitlam, BC is $69,171, which is Average in comparison to the British Columbia average. Meanwhile, the median personal income in this area is $31,442, which is Below Average in comparison to the BC average. However, 61.7% of households in this census subdivision have a mortgage, which is Above Average.

In terms of employment, the unemployment rate in our area is 6.5%, which is Below Average compared to other province neighborhoods. This means that our community has a strong economy and plenty of job opportunities for residents.

As we explore the community surrounding 4501 720 Farrow Street, Coquitlam, BC, you'll notice that the population change between 2011 and 2016 was 14%, which is High in comparison to average growth rates in this region. This indicates a vibrant and dynamic community with plenty of opportunities for growth and development.

The population density per square kilometer in this area is 3,693, which is High compared to other communities. However, the average size of families in this area is 2.9, which is Average in comparison to the whole region. Furthermore, 64.6% of families in this area have children, which is Above Average, and 57.3% of residents are married or living common law, which is Average.

The average age of the population in this area is 39.2, which is Below Average in comparison to other BC cities. However, this also means that our community is relatively young and full of energy.

In terms of real estate, the average value of dwellings in this neighborhood is $889,162, which is High compared to other areas in British Columbia. This indicates a strong and stable housing market, making it an excellent time to invest in real estate.

As for property payments, owners in this area are spending an average of $1,522 per month, which is Above Average in the area. Tenants in this district are paying an average of $1,197 per month, which is also Above Average compared to other cities.

Interestingly, 36.3% of the population in this area are renters, which is Above Average compared to other BC cities and areas. This indicates a diverse and vibrant community with plenty of housing options for residents.

Finally, let's discuss language proficiency in our neighborhood. With 7.5% of residents speaking both English and French, and 88.3% speaking only English,