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Real Estate Prices & Overview

Mosby / Brauers median real estate price is $227,457, which is less expensive than 80.4% of Virginia neighborhoods and 71.6% of all U.S. neighborhoods.

The average rental price in Mosby / Brauers is currently $1,244, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 91.0% of Virginia neighborhoods.

Mosby / Brauers is an urban neighborhood (based on population density) located in Richmond, Virginia.

Mosby / Brauers 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 Mosby / Brauers neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Mosby / Brauers has a 10.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 62.7% 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 Richmond, the Mosby / Brauers neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of particular note, 17.1% of the people in the Mosby / Brauers neighborhood currently reside in a correction facility, held due to punishment for a crime.

In addition, one of the unique characteristics of the Mosby / Brauers neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 98.7% of the neighborhoods in America.

Also, neighborhoodScout's exclusive research revealed that 93.7% of the adult residents in the Mosby / Brauers neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 95.9% of the neighborhoods in America.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Mosby / Brauers neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 97.1% of all American neighborhoods.

Real Estate

Renter-occupied real estate is dominant in the Mosby / Brauers neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 89.5%, which is higher than 96.6% 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.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 95.3% of U.S. neighborhoods.

Diversity

Did you know that the Mosby / Brauers neighborhood has more Slovak and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.2% of this neighborhood's residents have Slovak ancestry and 1.5% have Haitian ancestry.

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 Mosby / Brauers neighborhood in Richmond are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 98.7% of U.S. neighborhoods. With 40.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 89.3% of U.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 Mosby / Brauers neighborhood, 41.1% 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 clerical, assistant, and tech support occupations, with 27.2% of the residents employed. Other residents here are employed in executive, management, and professional occupations (19.4%), and 12.2% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Mosby / Brauers neighborhood is English, spoken by 98.2% of households.

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 Mosby / Brauers neighborhood in Richmond, VA, residents most commonly identify their ethnicity or ancestry as Mexican (2.9%). There are also a number of people of Sub-Saharan African ancestry (1.6%), and residents who report African roots (1.6%), and some of the residents are also of Haitian ancestry (1.5%), along with some Scottish ancestry residents (1.2%), among others.

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 Mosby / Brauers neighborhood spend between 15 and 30 minutes commuting one-way to work (62.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (67.1%) 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 (18.4%) and 10.8% of residents also ride the bus 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.


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