Real Estate Prices and Overview
Kensington Ave / N Thompson St median real estate prices are $297,139, which is more expensive than 68.1% of the neighborhoods
in Virginia and 77.6% of the
neighborhoods in the U.S.
Average rental prices in Kensington Ave / N Thompson St are currently
$993, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 56.6% of Virginia neighborhoods.
Kensington Ave / N Thompson St is an urban neighborhood (based on population
density) located in Richmond, Virginia.
Kensington Ave / N Thompson St 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 single-family homes.
Most of the residential real estate is renter occupied. Many of
the residences in the Kensington Ave / N Thompson St 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 1940 and 1969.
Kensington Ave / N Thompson St has a 13.3% vacancy rate, which is
well above average compared to other U.S. neighborhoods (higher than
67.9% 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
When you see a neighborhood for the first time, the most important thing
is often the way it looks, like its homes and its setting. Some places look
the same, but they only reveal their true character after living in them for
a while because they contain a unique mix of occupational or cultural groups.
This neighborhood is very unique in some important ways, according to
NeighborhoodScout's exclusive exploration and analysis.
Notable & Unique: Diversity
Did you know that the Kensington Ave / N Thompson St neighborhood has more
Scottish and Scots-Irish ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 6.9% of
this neighborhood's residents have Scottish ancestry and 3.8% have Scots-Irish ancestry.
Kensington Ave / N Thompson St is also pretty special linguistically. Significantly, 1.5% of its residents five years old and above primarily
speak Greek at home. While this may seem like a small percentage, it is higher
than 98.4% of the neighborhoods in America.
Notable & Unique: Modes of Transportation
If your dream is to be able to ride your bike to work each day, look no
further than this unique neighborhood. With 8.0% of residents in
the Kensington Ave / N Thompson St neighborhood commuting on a bicycle to and
from work daily, this neighborhood has more bicycle commuters than
99.0% of all neighborhoods in the U.S., according to
NeighborhoodScout's exclusive analysis.
Notable & Unique: People
Kensington Ave / N Thompson St has the amazing distinction of housing more same
sex couples living together than 97.4% of neighborhoods
in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's
analysis shows that this is one place that you should consider.
In addition, do you like to read, write, and learn? Are you curious about the world? If
so, this neighborhood may be a good fit for you. NeighborhoodScout's research
revealed that a full 68.9% of the adults living in the
Kensington Ave / N Thompson St neighborhood have earned at least a bachelor's
degree. This is a higher rate than NeighborhoodScout found in 96.4%
of U.S. neighborhoods. In this way, this neighborhood truly stands out.
Also, the Kensington Ave / N Thompson St neighborhood stands out within Virginia
for its college student friendly environment. NeighborhoodScout's analysis
reveals that this neighborhood is home to a number of college students,
is relatively walkable, and above average in safety. In combination, this
makes it stand out for a good place for college students to consider.
Because a number of college students live here, this neighborhood may
be close to a college campus and offer certain amenities nearby geared
towards the student body. While it's not an environment for everyone,
ambitious scholars can enjoy seasonal excitement between semesters and
school breaks, and parents can rest easy knowing that the area has an
above average safety rating. For each of these reasons, the
neighborhood is rated among the top 5%
of college-friendly places to live in VA.
In addition to being an excellent choice for college students, this
neighborhood is also a very good choice for young, single professionals.
Notable & Unique: Migration/Stability
The freedom of moving to new places versus the comfort of home. How much
and how often people move not only can create diverse and worldly neighborhoods,
but simultaneously it can produce a loss of intimacy with one's surroundings
and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive
research has identified this neighborhood as unique with regard to the
transience of its populace.
In the Kensington Ave / N Thompson St neighborhood, a greater proportion of
the residents living here today did not live here five years ago than is
found in 95.5% of U.S. Neighborhoods. This neighborhood,
more than almost any other in America, has new residents from other areas.
Notable & Unique: Real Estate
In addition, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 59.5% of the residential real estate in the Kensington Ave / N Thompson St neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 95.1% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
The Neighbors: Income
There are two complementary 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 Kensington Ave / N Thompson St neighborhood in Richmond are middle-income, making it a moderate income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 55.9% of the neighborhoods in America.
In addition, 9.5% 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 63.8%
of America's neighborhoods.
The Neighbors: Occupations
What we choose to do for a living reflects who we are. Each neighborhood has
a different mix of occupations represented, and together these tell you about
the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Kensington Ave / N Thompson St neighborhood, 56.2%
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 25.8% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(10.0%), and 8.0% in manufacturing and laborer 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 Kensington Ave / N Thompson St neighborhood in Richmond, VA, residents
most commonly identify their ethnicity or ancestry as German
(13.3%). There are also a number of people of Irish ancestry (12.1%) , and residents who report English roots (10.1%) , and some of the residents are also of Scottish ancestry (6.9%) , along with some Italian ancestry residents (4.4%), among others.
The Neighbors: Languages
The most common language spoken in the Kensington Ave / N Thompson St
neighborhood is English, spoken by 91.0% of households. Some people also speak Spanish (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 Kensington Ave / N Thompson St neighborhood spend
between 15 and 30 minutes commuting one-way to work (44.4% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (74.4%) drive alone in a private automobile to get to work.
In addition, quite a number also bicycle to get to work (8.0%) and 7.1% 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.