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Real Estate Prices & Overview

Montrose Heights median real estate price is $305,736, which is less expensive than 71.2% of Virginia neighborhoods and 61.0% of all U.S. neighborhoods.

The average rental price in Montrose Heights is currently $2,366, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 52.4% of Virginia neighborhoods.

Montrose Heights is an urban neighborhood (based on population density) located in Richmond, Virginia.

Montrose Heights real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Montrose Heights neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Montrose Heights are 4.1%, which is lower than one will find in 71.4% of American neighborhoods. Demand for real estate in Montrose Heights is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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.

People

Of note, 68.4% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

In addition, neighborhoodScout's analysis shows that the Montrose Heights neighborhood has a greater concentration of residents currently enrolled in college than 96.4% of the neighborhoods in the U.S. With 12.7% of the population here attending college, this is very much a college-focused neighborhood.

Also, one of the most interesting things about the Montrose Heights neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 50.1% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 95.5% of the neighborhoods in America.

Finally, with a nice mix of college students, safety from crime, and decent walkability, the Montrose Heights neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 86.0% of the neighborhoods in VA. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Montrose Heights neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 42.7% of the households here have four, five, or more cars. That is more cars per household than in 98.8% of the neighborhoods in the nation.

Occupations

There are more people living in the Montrose Heights neighborhood employed as sales and service workers (62.8%) 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.

Diversity

Did you know that the Montrose Heights neighborhood has more Sub-Saharan African and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 25.1% of this neighborhood's residents have Sub-Saharan African ancestry and 1.9% have Haitian ancestry.

Montrose Heights is also pretty special linguistically. Significantly, 12.3% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 99.4% of the neighborhoods in America.

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 Montrose Heights neighborhood in Richmond 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. With 68.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.4% of U.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 Montrose Heights neighborhood, 37.2% 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 26.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.8%), and 17.4% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Montrose Heights neighborhood is English, spoken by 87.5% of households. Some people also speak French (12.3%).

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 Montrose Heights neighborhood in Richmond, VA, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (25.1%). There are also a number of people of English ancestry (4.0%), and residents who report German roots (4.0%), and some of the residents are also of Irish ancestry (2.3%), along with some Haitian ancestry residents (1.9%), 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 Montrose Heights neighborhood spend between 30 and 45 minutes commuting one-way to work (50.4% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (67.7%) 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 (13.4%) and 5.2% of residents also ride the bus 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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