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Real Estate Prices & Overview

Hollymead median real estate price is $506,246, which is more expensive than 64.3% of the neighborhoods in Virginia and 69.2% of the neighborhoods in the U.S.

The average rental price in Hollymead is currently $2,661, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 71.2% of the neighborhoods in Virginia.

Hollymead is a suburban neighborhood (based on population density) located in Charlottesville, Virginia.

Hollymead 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 Hollymead neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

In Hollymead, the current vacancy rate is 0.8%, which is a lower rate of vacancies than 91.9% of all neighborhoods in the U.S. This means that the housing supply in Hollymead is very tight compared to the demand for property here.

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 get around.

Occupations

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Hollymead neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 13.0% of its workforce, this neighborhood has a greater concentration of government workers than 95.5% of U.S. neighborhoods.

Diversity

Did you know that the Hollymead neighborhood has more Croatian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.7% of this neighborhood's residents have Croatian ancestry.

Hollymead is also pretty special linguistically. Significantly, 0.2% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 96.5% of the neighborhoods in America.

The Neighbors

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 Hollymead neighborhood in Charlottesville are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 83.5% of the neighborhoods in America. In addition, 2.3% 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 74.0% of America's neighborhoods.

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 sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Hollymead neighborhood, 62.9% 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 23.3% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (13.0%), and 7.3% in clerical, assistant, and tech support occupations.

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 Hollymead neighborhood is English, spoken by 92.7% of households. Other important languages spoken here include Langs. of India and Chinese.

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 Hollymead neighborhood in Charlottesville, VA, residents most commonly identify their ethnicity or ancestry as German (16.4%). There are also a number of people of English ancestry (16.3%), and residents who report Irish roots (12.7%), and some of the residents are also of Italian ancestry (9.7%), along with some Asian ancestry residents (4.6%), among others.

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 Hollymead neighborhood spend between 15 and 30 minutes commuting one-way to work (52.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (77.7%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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