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Real Estate Prices & Overview

Crossroads / Lincoln Park median real estate price is $341,303, which is more expensive than 38.4% of the neighborhoods in Virginia and 47.4% of the neighborhoods in the U.S.

The average rental price in Crossroads / Lincoln Park is currently $1,801, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 68.4% of Virginia neighborhoods.

Crossroads / Lincoln Park is an urban neighborhood (based on population density) located in Norfolk, Virginia.

Crossroads / Lincoln Park real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Crossroads / Lincoln Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Crossroads / Lincoln Park, the current vacancy rate is 1.5%, which is a lower rate of vacancies than 89.4% of all neighborhoods in the U.S. This means that the housing supply in Crossroads / Lincoln Park is very tight compared to the demand for property here.

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.

Occupations

With 6.6% of employed workers living in the Crossroads / Lincoln Park neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 99.1% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Furthermore, the government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Crossroads / Lincoln Park neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 15.0% of its workforce, this neighborhood has a greater concentration of government workers than 97.1% of U.S. neighborhoods.

Real Estate

Most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Crossroads / Lincoln Park neighborhood, is that an incredible 80.7% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.

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 Crossroads / Lincoln Park neighborhood in Norfolk are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 49.7% of the neighborhoods in America. With 23.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 74.0% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Crossroads / Lincoln Park neighborhood, 48.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 20.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.8%), and 15.0% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Crossroads / Lincoln Park neighborhood is English, spoken by 89.2% of households. Some people also speak Spanish (10.0%).

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 Crossroads / Lincoln Park neighborhood in Norfolk, VA, residents most commonly identify their ethnicity or ancestry as Irish (15.6%). There are also a number of people of German ancestry (11.7%), and residents who report English roots (6.7%), and some of the residents are also of Mexican ancestry (6.2%), along with some Italian ancestry residents (4.2%), 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 Crossroads / Lincoln Park neighborhood spend between 15 and 30 minutes commuting one-way to work (51.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (75.3%) 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 (12.9%) . 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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