What do we mean by a neighborhood?
NeighborhoodScout® uses the official government designation for neighborhoods - the census tract.
Census tracts are small, relatively permanent subdivisions of a county that are defined by the U.S. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics (including economic status, lifestyle, and living conditions). Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us. Because census tracts are based on population, they vary in size depending on the density of settlement. In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas.
Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town. Then we named each census tract to the local colloquially recognized neighborhood name for that spot (e.g., Boston, MA (Dorchester). If there was not a name available, we named the census tract by the largest street intersection in the census tract (e.g., Worcester, MA (Lincoln St/Plantation St)
Why we don't use Zip Codes as neighborhoods
Zip codes were developed by the Postal Service for the purpose of delivering mail, but were never intended to define coherent neighborhoods. In addition, Zip Codes can have as many as 10 distinctly different census tracts contained within them. When distinct census tracts are blended together in a single Zip Code, the data reflects their average conditions and often gives a false sense of the area. The result is that potentially great matching neighborhoods can be missed, and erroneous matches can also be produced and delivered to you.
Using census tracts makes great matches possible, and helps people find the areas that are best for them and their families. Because we are committed to providing the highest possible quality and finding the neighborhoods that best meet your criteria, we use census tracts. And, as always, we show you the actual street map of the neighborhood so you know exactly where your best matching neighborhood is located.
What is a Condition Alert?
A condition alert is a condition in the neighborhood that triggers an alert. NeighborhoodScout contains condition alerts to highlight conditions that are extreme, whether good or bad. This helps answer crucial questions about the state of the neighborhood being evaluated, such as:
What are the risks of violent crime here?
Is the risk of home break-ins or other property crimes increasing?
Does real estate here hold its value?
Are the trends in local vacancies or unemployment concerning?
...and dozens more.
Information at a glance that you need to know to invest, appraise or finance a property.
Old Dominion University median real estate price is $276,290, which is less expensive than 73.0% of Virginia neighborhoods and 62.5% of all U.S. neighborhoods.
The average rental price in Old Dominion University is currently $2,030, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 56.4% of Virginia neighborhoods.
Old Dominion University is an urban neighborhood (based on population density) located in Norfolk, Virginia.
Old Dominion University 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 renter occupied. Many of the residences in the Old Dominion University neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Old Dominion University are 5.1%, which is lower than one will find in 66.0% of American neighborhoods. Demand for real estate in Old Dominion University is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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 Old Dominion University neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
People
NeighborhoodScout's analysis shows that the Old Dominion University neighborhood has a greater concentration of residents currently enrolled in college than 99.6% of the neighborhoods in the U.S. With 73.0% of the population here attending college, this is very much a college-focused neighborhood.
In addition, with a nice mix of college students, safety from crime, and decent walkability, the Old Dominion University neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 89.5% of the neighborhoods in VA. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.
Occupations
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Old Dominion University neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 99.2% of all American neighborhoods.
Furthermore, the Old Dominion University neighborhood stands out nationally for having a greater proportion of its residents active in the military than 96.3% of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.
Modes of Transportation
In the Old Dominion University neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 27.5% of residents here. This is a higher proportion of walking commuters than we found in 98.9% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Real Estate
Renter-occupied real estate is dominant in the Old Dominion University neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 88.3%, which is higher than 96.3% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Migration / Stability
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Old Dominion University neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.3% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
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 Old Dominion University neighborhood in Norfolk are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 87.6% of U.S. neighborhoods. With 22.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 72.4% of U.S. neighborhoods.
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 Old Dominion University neighborhood, 48.3% 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 executive, management, and professional occupations, with 21.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.6%), and 13.7% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the Old Dominion University neighborhood is English, spoken by 91.2% of households. Some people also speak Spanish (2.5%).
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 Old Dominion University neighborhood in Norfolk, VA, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (8.5%). There are also a number of people of German ancestry (4.3%), and residents who report Irish roots (4.1%), and some of the residents are also of African ancestry (4.1%), along with some English ancestry residents (3.7%), 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 Old Dominion University neighborhood spend under 15 minutes commuting one-way to work (48.2% of working residents), one of the shortest commutes across America.
Here most residents (57.0%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (27.5%) and 6.1% 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.
SCOUT’s patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.
