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Real Estate Prices & Overview

Monticello Village median real estate price is $202,571, which is less expensive than 86.4% of Virginia neighborhoods and 76.6% of all U.S. neighborhoods.

The average rental price in Monticello Village is currently $2,114, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 52.5% of Virginia neighborhoods.

Monticello Village is a suburban neighborhood (based on population density) located in Norfolk, Virginia.

Monticello Village real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Monticello Village neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Monticello Village has a 10.5% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 63.7% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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 Norfolk, the Monticello Village neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

With 6.2% of employed workers living in the Monticello Village neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 99.0% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Furthermore, from major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Monticello Village neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 96.6% of all American neighborhoods.

People

Single parenting is hard. But you don't have to tell the Monticello Village neighborhood about it; they already know. 23.6% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 98.5% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

Diversity

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

Monticello Village is also pretty special linguistically. Significantly, 4.2% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 97.4% 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 Monticello Village neighborhood in Norfolk are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 73.5% of U.S. neighborhoods. With 16.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 62.0% of U.S. neighborhoods.

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 Monticello Village neighborhood, 40.1% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 24.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.8%), and 17.8% in executive, management, and professional occupations.

Languages

The most common language spoken in the Monticello Village neighborhood is English, spoken by 92.2% of households. Some people also speak Tagalog (the first language of the Philippine region) (4.2%).

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 Monticello Village neighborhood in Norfolk, VA, residents most commonly identify their ethnicity or ancestry as German (15.9%). There are also a number of people of English ancestry (10.4%), and residents who report Irish roots (7.4%), and some of the residents are also of Asian ancestry (6.7%), along with some Mexican ancestry residents (4.4%), 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 Monticello Village neighborhood spend between 15 and 30 minutes commuting one-way to work (42.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (76.4%) 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 (15.8%) . 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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Economics & Demographics include:
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Commute To Work
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Race & Ethnic Diversity
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Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
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Schools include:
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