Rosecrest / Groves median real estate price is $1,200,038, which is more expensive than 94.5% of the neighborhoods in Virginia and 93.3% of the neighborhoods in the U.S.
The average rental price in Rosecrest / Groves is currently $2,900, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 71.7% of the neighborhoods in Virginia.
Rosecrest / Groves is an urban neighborhood (based on population density) located in Alexandria, Virginia.
Rosecrest / Groves real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Rosecrest / Groves neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
In Rosecrest / Groves, the current vacancy rate is 1.8%, which is a lower rate of vacancies than 86.5% of all neighborhoods in the U.S. This means that the housing supply in Rosecrest / Groves is very tight compared to the demand for property here.
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 Alexandria, the Rosecrest / Groves neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
If you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the Rosecrest / Groves neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 98.5% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the Rosecrest / Groves neighborhood.
In addition, if knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Rosecrest / Groves neighborhood, where 42.2% have earned an advanced degree. Compare that to the average neighborhood in America, where just 14.1% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 97.5% of the neighborhoods in America.
Also, wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the Rosecrest / Groves neighborhood is wealthier than 95.0% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood.
Executives, managers and professionals make up 75.8% of the workforce in the Rosecrest / Groves neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 97.6% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.6% of residents in the Rosecrest / Groves neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 96.8% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Also, in the Rosecrest / Groves neighborhood, 9.2% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 95.4% of the neighborhoods in America.
Did you know that the Rosecrest / Groves neighborhood has more Welsh and French ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.1% of this neighborhood's residents have Welsh ancestry and 7.0% have French ancestry.
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 Rosecrest / Groves neighborhood in Alexandria are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 95.0% of the neighborhoods in America. In addition, 1.1% 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 78.2% 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 Rosecrest / Groves neighborhood, 75.8% 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 13.1% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (10.4%), and 7.6% in clerical, assistant, and tech support occupations.
The most common language spoken in the Rosecrest / Groves neighborhood is English, spoken by 91.2% of households. Some people also speak Spanish (5.4%).
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 Rosecrest / Groves neighborhood in Alexandria, VA, residents most commonly identify their ethnicity or ancestry as German (21.2%). There are also a number of people of English ancestry (20.3%), and residents who report Irish roots (17.3%), and some of the residents are also of French ancestry (7.0%), along with some Italian ancestry residents (5.2%), among others.
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 Rosecrest / Groves neighborhood spend between 15 and 30 minutes commuting one-way to work (35.1% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (41.9%) 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 (10.0%) and 9.2% of residents also take the train for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.