Real Estate Prices and Overview
Ghent / Eastern Virginia Medical School median real estate prices are $388,635, which is more expensive than 80.7% of the neighborhoods
in Virginia and 86.5% of the
neighborhoods in the U.S.
Average rental prices in Ghent / Eastern Virginia Medical School are currently
$947, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 47.6% of Virginia neighborhoods.
Ghent / Eastern Virginia Medical School is an urban neighborhood (based on population
density) located in Norfolk, Virginia.
Ghent / Eastern Virginia Medical School 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 small apartment buildings.
Most of the residential real estate is renter occupied. Many of
the residences in the Ghent / Eastern Virginia Medical School 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.
Home and apartment vacancy rates are 8.0% in
Ghent / Eastern Virginia Medical School. NeighborhoodScout analysis shows that this rate is lower
than 57.6% 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 Ghent / Eastern Virginia Medical School neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: People
Of note is NeighborhoodScout's research finding that the
Ghent / Eastern Virginia Medical School neighborhood has some of the lowest rates of children
living in poverty of any neighborhood in the United States. In a nation
where approximately 1 in 4 children are living in poverty, the
Ghent / Eastern Virginia Medical School community truly stands out from the rest in this regard.
In addition, if knowledge is power, then imagine the cumulative power of one neighborhood
where many of the adults have earned an advanced degree, such as a Masters,
law degree, medical degree, or even a Ph.D. This is certainly the case in
the Ghent / Eastern Virginia Medical School neighborhood, where 39.3% have
earned an advanced degree. Compare that to the average neighborhood in
America, where just 8.4% of adults have completed a post-graduate degree,
and you can see why this neighborhood is a stand out. In fact, this neighborhood
has a higher rate of adults with an advanced degree than 98.3%
of the neighborhoods in America.
Also, one of the most interesting things about the Ghent / Eastern Virginia Medical School
neighborhood is that it has a greater concentration of residents who live
alone than most all neighborhoods in America. With 52.4% 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
98.2% of the neighborhoods in America.
Notable & Unique: Diversity
Did you know that the Ghent / Eastern Virginia Medical School neighborhood has more
Belgian and Lithuanian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.1% of
this neighborhood's residents have Belgian ancestry and 1.1% have Lithuanian ancestry.
Ghent / Eastern Virginia Medical School is also pretty special linguistically. Significantly, 1.9% of its residents five years old and above primarily
speak Italian at home. While this may seem like a small percentage, it is higher
than 97.0% of the neighborhoods in America.
Notable & Unique: Occupations
Executives, managers and professionals make up 67.3% of the workforce
in the Ghent / Eastern Virginia Medical School neighborhood which, according to
NeighborhoodScout's exclusive analysis, is a higher proportion of such
high-level people than is found in 97.3% of the neighborhoods
in America. For this reason, this neighborhood really stands out as unique.
Notable & Unique: Modes of Transportation
More people in Ghent / Eastern Virginia Medical School choose to walk to work each day
(13.8%) 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.
Notable & Unique: Real Estate
In addition, the real estate in the Ghent / Eastern Virginia Medical School neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 66.4% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 95.1% of American neighborhoods.
The Neighbors: Income
There are two complimentary 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 Ghent / Eastern Virginia Medical School neighborhood in Norfolk are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 63.3% of the neighborhoods in America.
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 99.9%
of America's neighborhoods.
The Neighbors: Occupations
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 shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
In the Ghent / Eastern Virginia Medical School neighborhood, 67.3%
of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is
sales and service jobs, from major sales accounts, to working in fast food restaurants, with 16.2% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(11.8%), and 4.7% in manufacturing and laborer occupations.
The Neighbors: 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 Ghent / Eastern Virginia Medical School neighborhood in Norfolk, VA, residents
most commonly identify their ethnicity or ancestry as English
(13.8%). There are also a number of people of Italian ancestry (7.5%) , and residents who report Irish roots (5.2%) , and some of the residents are also of German ancestry (4.9%) , along with some Asian ancestry residents (4.7%), among others.
The Neighbors: Languages
The most common language spoken in the Ghent / Eastern Virginia Medical School
neighborhood is English, spoken by 90.8% of households.
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 Ghent / Eastern Virginia Medical School neighborhood spend
under 15 minutes commuting one-way to work (59.2% of working
residents), one of the shortest commutes across America.
Here most residents (76.9%) 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 (13.8%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.