Elm Ave / Victory Blvd median real estate price is $270,415, which is less expensive than 78.1% of Virginia neighborhoods and 67.5% of all U.S. neighborhoods.
Average rental prices in the Elm Ave / Victory Blvd neighborhood are currently unreported, based on NeighborhoodScout's exclusive analysis.
Elm Ave / Victory Blvd is a rural neighborhood (based on population density) located in Portsmouth, Virginia.
Elm Ave / Victory Blvd real estate is primarily made up of . Most of the residential real estate is renter occupied. Many of the residences in the Elm Ave / Victory Blvd neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
In Elm Ave / Victory Blvd, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Elm Ave / Victory Blvd is very tight compared to the demand for property here.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
With a real estate vacancy rate of only 0.0%, the Elm Ave / Victory Blvd neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
In a nation where 1 out of every 4 children lives in poverty, the Elm Ave / Victory Blvd neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
More people in Elm Ave / Victory Blvd choose to walk to work each day (53.3%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
With 39.2% of employed workers living in the Elm Ave / Victory Blvd neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 99.9% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Elm Ave / Victory Blvd neighborhood. In the Elm Ave / Victory Blvd neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.3% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Significantly, 4.6% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 97.7% of the neighborhoods in America.
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 Elm Ave / Victory Blvd neighborhood in Portsmouth are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% of U.S. neighborhoods. In addition, 0.0% 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 100.0% of America's neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Elm Ave / Victory Blvd neighborhood, 39.2% of the working population is employed in the military.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Elm Ave / Victory Blvd neighborhood is English, spoken by 87.7% of households. Other important languages spoken here include Polish, Spanish and Tagalog (the first language of the Philippine region).
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 Elm Ave / Victory Blvd neighborhood in Portsmouth, VA, residents most commonly identify their ethnicity or ancestry as Irish (10.3%). There are also a number of people of German ancestry (3.2%), and residents who report Mexican roots (3.0%), and some of the residents are also of Spanish ancestry (1.6%), along with some Portuguese ancestry residents (1.6%), 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 Elm Ave / Victory Blvd neighborhood spend under 15 minutes commuting one-way to work (50.6% of working residents), one of the shortest commutes across America.
Here most residents (53.3%) hop out the door and walk to work to get to work. In addition, quite a number also drive alone in a private automobile to get to work (36.0%) and 6.4% of residents also carpool with coworkers, friends, or neighbors for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.