I think you're overcomplicating your proposed solution; if it's a hassle to track each family's residence, assume all residences may have families present. Compression braking is a nuisance, so post speed limit & compression breaking restriction signs well in advance of the houses so normal braking can be used.

In the UK, all this is done by putting up street lights. The Highway Code then dictates that the road has a speed limit of 30mph and is residential (no compression braking).

I don't understand your comment about overtaking. Are you thinking of long, straight roads with mostly-evenly distributed houses over a large distance?