Real Estate Prices and Overview
Grandy Park median real estate prices are $136,393, which is less expensive than 78.4% of Virginia neighborhoods
and 59.8% of all U.S. neighborhoods.
Average rental prices in Grandy Park are currently
$502, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 85.9% of Virginia neighborhoods.
Grandy Park is an urban neighborhood (based on population
density) located in Norfolk, Virginia.
Grandy Park real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments.
Most of the residential real estate is occupied by a mixture of owners and renters. Many of
the residences in the Grandy Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Grandy Park has a 16.2% vacancy rate, which is
well above average compared to other U.S. neighborhoods (higher than
76.9% of American neighborhoods). This could either
signal that there is weak demand for real estate in the neighborhood,
or that much of the housing stock is seasonally occupied,
which can occur in some markets dominated by colleges or vacation homes.
Either way, if you live here year round, you will find many of the homes
or apartments are empty for all or a portion of the year.
Notable & Unique Neighborhood Characteristics
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
Notable & Unique: People
Single parenting is hard. But you don't have to tell the
Grandy Park neighborhood about it; they already know. 33.8%
of this neighborhood's households are run by single mothers, which is a
higher concentration than NeighborhoodScout found in 99.8%
of American neighborhoods. Further NeighborhoodScout research showed strong
statistical correlations among high rates of children living in single
parent households, and neighborhood crime, particularly violent crime,
neighborhood poverty, and, importantly, the percentage of low weight births
and rates of infant mortality.
Notable & Unique: Diversity
Did you know that the Grandy Park neighborhood has more
Sub-Saharan African and African ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 8.7% of
this neighborhood's residents have Sub-Saharan African ancestry and 4.6% have African ancestry.
Grandy Park is also pretty special linguistically. Significantly, 3.2% of its residents five years old and above primarily
speak African languages at home. While this may seem like a small percentage, it is higher
than 97.7% of the neighborhoods in America.
Notable & Unique: Modes of Transportation
More people ride the bus in this neighborhood each day to get to work
than 97.9% of U.S. 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 Grandy Park 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 58.8% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 94.9%
of U.S. neighborhoods.
The Neighbors: Occupations
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 Grandy Park neighborhood, 38.4%
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
manufacturing and laborer occupations, with 22.9% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(19.9%), and 18.8% in executive, management, and professional 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 Grandy Park neighborhood in Norfolk, VA, residents
most commonly identify their ethnicity or ancestry as Sub-Saharan African
(8.7%). There are also a number of people of African ancestry (4.6%) , and residents who report English roots (3.0%) , and some of the residents are also of German ancestry (1.4%) , along with some Puerto Rican ancestry residents (1.3%), among others.
The Neighbors: Languages
The most common language spoken in the Grandy Park
neighborhood is English, spoken by 96.7% of households. Some people also speak African languages (3.2%).
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 Grandy Park neighborhood spend
between 15 and 30 minutes commuting one-way to work (41.8% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (68.2%) drive alone in a private automobile to get to work.
In addition, quite a number also ride the bus to get to work (23.7%) and 7.2% 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.