Real Estate Prices and Overview
Cradock median real estate prices are $129,137, which is less expensive than 81.3% of Virginia neighborhoods
and 62.8% 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 60.6% 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
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: 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
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 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
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 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 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 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
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 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.