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Real Estate Prices & Overview

Old Dominion University median real estate price is $368,799, which is more expensive than 38.9% of the neighborhoods in Virginia and 48.9% of the neighborhoods in the U.S.

The average rental price in Old Dominion University is currently $2,454, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 45.3% of Virginia neighborhoods.

Old Dominion University is an urban neighborhood (based on population density) located in Norfolk, Virginia.

Old Dominion University 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 renter occupied. Many of the residences in the Old Dominion University neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Home and apartment vacancy rates are 7.9% in Old Dominion University. NeighborhoodScout analysis shows that this rate is lower than 46.2% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

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 Norfolk, the Old Dominion University neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

There are more people living in the Old Dominion University neighborhood employed as sales and service workers (48.5%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

People

An extraordinary 69.8% of the residents of the Old Dominion University neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

In addition, one of the really interesting characteristics about the Old Dominion University neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 3.3% of college-friendly places to live in the state of Virginia.

Modes of Transportation

In the Old Dominion University neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 19.6% of residents here. This is a higher proportion of walking commuters than we found in 98.2% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 2.8% of residents in the Old Dominion University neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 95.3% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Real Estate

Renter-occupied real estate is dominant in the Old Dominion University neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 87.8%, which is higher than 96.2% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Old Dominion University neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 97.9% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

Diversity

Did you know that the Old Dominion University neighborhood has more African and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.8% of this neighborhood's residents have African ancestry and 11.2% have Sub-Saharan African ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Old Dominion University neighborhood in Norfolk are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 89.4% of U.S. neighborhoods. With 10.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 52.7% of U.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 Old Dominion University neighborhood, 51.5% 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 22.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.6%), and 6.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Old Dominion University neighborhood is English, spoken by 88.2% of households. Some people also speak Spanish (4.4%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Old Dominion University neighborhood in Norfolk, VA, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (11.2%). There are also a number of people of African ancestry (5.8%), and residents who report German roots (4.8%), and some of the residents are also of Irish ancestry (4.8%), along with some Asian ancestry residents (4.6%), 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 Old Dominion University neighborhood spend under 15 minutes commuting one-way to work (40.7% of working residents), one of the shortest commutes across America.

Here most residents (64.1%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (19.6%) and 8.5% of residents also carpool with coworkers, friends, or neighbors 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.


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