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Real Estate Prices & Overview

Tacoma / The University of Virginias College at Wise median real estate price is $219,552, which is less expensive than 85.6% of Virginia neighborhoods and 80.0% of all U.S. neighborhoods.

The average rental price in Tacoma / The University of Virginias College at Wise is currently $1,563, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 81.0% of Virginia neighborhoods.

Tacoma / The University of Virginias College at Wise is a rural neighborhood (based on population density) located in Wise, Virginia.

Tacoma / The University of Virginias College at Wise real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Tacoma / The University of Virginias College at Wise 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.

Real estate vacancies in Tacoma / The University of Virginias College at Wise are 5.9%, which is lower than one will find in 60.4% of American neighborhoods. Demand for real estate in Tacoma / The University of Virginias College at Wise 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

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 Wise, the Tacoma / The University of Virginias College at Wise neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

NeighborhoodScout's analysis shows that the Tacoma / The University of Virginias College at Wise neighborhood has a greater concentration of residents currently enrolled in college than 96.8% of the neighborhoods in the U.S. With 14.6% of the population here attending college, this is very much a college-focused neighborhood.

Diversity

Did you know that the Tacoma / The University of Virginias College at Wise neighborhood has more Scots-Irish and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.4% of this neighborhood's residents have Scots-Irish ancestry and 0.9% have Iranian 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 Tacoma / The University of Virginias College at Wise neighborhood in Wise are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 84.5% of U.S. neighborhoods. With 26.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 76.9% 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 Tacoma / The University of Virginias College at Wise neighborhood, 43.9% 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 21.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.8%), and 13.6% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Tacoma / The University of Virginias College at Wise neighborhood is English, spoken by 99.0% of households.

Ethnicity / Ancestry

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 Tacoma / The University of Virginias College at Wise neighborhood in Wise, VA, residents most commonly identify their ethnicity or ancestry as Irish (14.9%). There are also a number of people of English ancestry (9.0%), and residents who report Scots-Irish roots (4.4%), and some of the residents are also of German ancestry (4.2%), along with some Italian ancestry residents (2.3%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Tacoma / The University of Virginias College at Wise neighborhood spend under 15 minutes commuting one-way to work (56.8% of working residents), one of the shortest commutes across America.

Here most residents (71.7%) 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 (10.6%) and 6.1% of residents also hop out the door and walk to work 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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