Real Estate Prices and Overview
Kempsville Rd / Providence Rd median real estate prices are $249,268, which is more expensive than 58.5% of the neighborhoods
in Virginia and 70.9% of the
neighborhoods in the U.S.
Average rental prices in Kempsville Rd / Providence Rd are currently
$1,628, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 81.8%
of the neighborhoods in Virginia.
Kempsville Rd / Providence Rd is a suburban neighborhood (based on population
density) located in Virginia Beach, Virginia.
Kempsville Rd / Providence Rd real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes.
Most of the residential real estate is owner occupied. Many of
the residences in the Kempsville Rd / Providence Rd neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Kempsville Rd / Providence Rd, the current vacancy rate is 0.5%,
which is a lower rate of vacancies than 96.0% of all neighborhoods
in the U.S. This means that the housing supply in Kempsville Rd / Providence Rd
is very tight compared to the demand for property here.
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 Virginia Beach,
the Kempsville Rd / Providence Rd neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Did you know that the Kempsville Rd / Providence Rd neighborhood has more
Welsh and British ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.5% of
this neighborhood's residents have Welsh ancestry and 1.3% have British ancestry.
Kempsville Rd / Providence Rd is also pretty special linguistically. Significantly, 2.4% of its residents five years old and above primarily
speak Korean at home. While this may seem like a small percentage, it is higher
than 96.4% of the neighborhoods in America.
Notable & Unique: Occupations
With 1.4% of employed workers living in the
Kempsville Rd / Providence Rd neighborhood active in the military, this neighborhood has
the distinction of having a higher proportion of people in the military
than 95.3% of American neighborhoods. This is a major
shaper of the neighborhood's culture and character.
Notable & Unique: Real Estate
In addition, one way that the Kempsville Rd / Providence Rd neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 97.6% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
Furthermore, with a real estate vacancy rate of only 0.5%, the Kempsville Rd / Providence Rd neighborhood has a lower vacancy rate than 96.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
Also of note, this Kempsville Rd / Providence Rd neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 96.5% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 95.2% of all 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 Kempsville Rd / Providence Rd neighborhood in Virginia Beach are wealthy, making it among the 15% highest income neighborhoods in America.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 87.8% of the neighborhoods in America.
In addition, 3.0% 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 81.8%
of America'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 Kempsville Rd / Providence Rd neighborhood, 47.0%
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 21.7% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(16.2%), and 15.1% in clerical, assistant, and tech support 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 Kempsville Rd / Providence Rd neighborhood in Virginia Beach, VA, residents
most commonly identify their ethnicity or ancestry as German
(10.6%). There are also a number of people of Asian ancestry (8.1%) , and residents who report English roots (6.3%) , and some of the residents are also of Irish ancestry (3.5%) , along with some Scottish ancestry residents (2.6%), among others.
The Neighbors: Languages
The most common language spoken in the Kempsville Rd / Providence Rd
neighborhood is English, spoken by 90.8% of households. Some people also speak Korean (2.4%).
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 Kempsville Rd / Providence Rd neighborhood spend
between 15 and 30 minutes commuting one-way to work (57.8% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (87.5%) 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 (8.0%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.