Real Estate Prices and Overview
Cradock median real estate prices are $129,137, which is less expensive than 81.5% of Virginia neighborhoods
and 62.9% of all U.S. neighborhoods.
Average rental prices in Cradock are currently
$933, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 61.5% of Virginia neighborhoods.
Cradock is a suburban neighborhood (based on population
density) located in Portsmouth, Virginia.
Cradock real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings.
Most of the residential real estate is occupied by a mixture of owners and renters. Many of
the residences in the Cradock neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Cradock has a 12.5% vacancy rate, which is
well above average compared to other U.S. neighborhoods (higher than
65.0% 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
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 Portsmouth,
the Cradock neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Significantly, 3.2% 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 98.0% of the neighborhoods in America.
The Neighbors: Income
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 Cradock neighborhood in Portsmouth are lower-middle income, making it a below average income neighborhood.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 63.8% of U.S. neighborhoods.
With 50.2% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 90.9%
of U.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 Cradock neighborhood, 36.6%
of the working population is employed in manufacturing and laborer 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 33.4% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(15.8%), and 12.4% in executive, management, and professional occupations.
The Neighbors: 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 Cradock neighborhood in Portsmouth, VA, residents
most commonly identify their ethnicity or ancestry as Irish
(5.3%). There are also a number of people of Italian ancestry (4.4%) , and residents who report English roots (4.1%) , and some of the residents are also of German ancestry (3.0%) , along with some Mexican ancestry residents (2.3%), among others.
The Neighbors: Languages
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 Cradock
neighborhood is English, spoken by 92.3% of households. Other important languages spoken here include French and Tagalog (the first language of the Philippine region).
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 Cradock neighborhood spend
under 15 minutes commuting one-way to work (39.1% of working
residents), one of the shortest commutes across America.
Here most residents (75.8%) 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 (17.1%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.